The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …
South African businesswoman, Linda Mabhena-Olagunju, is fast becoming a big name in the renewable energy world, both in Africa and around the globe. Born and raised in a small village …
Nigeria’s oil revenue is set for a boost as Turkey’s biggest oil refining company, Tupras, has placed new orders for Nigerian crude oil expected to arrive between March and April …
The recent pricing strategy of Dangote Petroleum Refinery has come under the spotlight, as industry analysts reveal that its pricing model is now encouraging fresh importation of petrol into Nigeria. …
Global credit rating agency, Fitch Ratings, has expressed confidence in the resilience of Nigerian banks, stating that their strong profitability will cushion the impact of the recently imposed windfall tax …
The Minister of Power, Adebayo Adelabu, has said the Federal Government plans to pay N2 trillion out of the N4 trillion it is owing to electricity generation companies (Gencos) before …
The President of the Nigerian Gas Association (NGA), Mr. Akachukwu Nwokedi, has revealed that more than $5 billion has been pumped into Nigeria’s gas sector in the last one year. …
Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …
Walcot Group, a well-known Nigerian energy company, has signed a production sharing contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG). The signing took place last …
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