Energy
Oil & Gas and Power Sector related news
NNPC records 80% increase in trading surplus in December 2020
Operating revenue of the NNPC Group in December 2020 as compared to November 2020 increased by 33.44% or N137.00billion to...
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FG to earn $600 million from Marginal oil fields
The FG is expected to earn up to $600 million from payments by bid winners of marginal oil fields.
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Why FG may increase fuel pump price between N211 – N238/litre soon
The NNPC boss stated that the actual market price should be between N211 and N234/litre.
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Marginal oilfield: Bid winners allowed to make payments in naira – Minister
The Minister has disclosed that marginal oilfields bid winners are allowed to make payments in naira.
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CBN disburses N123.3 billion to DisCos to procure meters, others
CBN disbursed N33.45 billion to 9 DisCos to procure 605,852 meters and N89.89 billion under the NEMSF to 11 DisCos.
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Will work-from-home affect the demand for Nigerian oil?
The pandemic-related shift to remote work could remove between 1 million and 1.5 million barrels per day from global demand.
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FEC approves N82 billion for infrastructure projects in the FCT
The FEC has approved the sum of N82 billion for the completion and rehabilitation of infrastructure projects in the FCT.
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Nigeria’s debt sentence: The burden of the Port Harcourt refinery
Deciding to spend $1.5 billion to rehabilitate a refinery that has sunk so much is definitely a miss for the...
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Nigeria has completely complied with OPEC obligations – NNPC GMD
The NNPC GMD has stated that Nigeria has fully complied with OPEC obligations.
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NNPC explains why FG is spending as much as $1.5 billion on Port Harcourt refinery
The NNPC has defended FG's decision to expend the huge sum of $1.5 billion in rehabilitating the Port Harcourt refinery.
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