Energy

Brent and Nigerian oil blends gain 11% amid conflict involving world’s 9th largest oil producer

Nigeria’s crude oil production declines by 40,000 bpd as OPEC’s output drops in September – Report

African oil producing countries raise 45% of $5 billion capital for Abuja-based energy bank

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Oil & Gas and Power Sector related news

Senate president warns about dangers of youth unemployment, National Assembly to ensure youth empowerment schemes are realized - Lawan

Senate to review 2013 power privatisation, questions FG’s funding

by Abiola Odutola

June 15, 2020

Government should not be given free money. N1.8 trillion has been given to DISCOs maybe in their books.

Fuel scarcity never left; despite fuel supply efficiency claims by NNPC

NNPC releases audited financial statements, refineries record losses of N154 billion

June 15, 2020

The NNPC also published the audited accounts of its 20 subsidiaries and business divisions.

FG to give up majority stakes in its 4 refineries, to be privately managed, NNPC, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Nigeria explains when it will fully comply with OPEC+ output cut

NNPC, partners to invest 53% of COVID-19 N21 billion intervention

by Ruth Okwumbu-Imafidon

June 12, 2020

NNPC and partners would be investing 53% of the N21 billion COVID-19 donations from the oil and gas sector.

CRUDE OIL, U.S Shale, Naira under pressure, as crude oil hits $25 per barrel, Oil Price: A dead cat bounce in the making?, Bears tear Crude oil futures into shreds as Brent slumps more than 20%

Oil prices hit the biggest daily decline on COVID-19 resurgence, inventories

June 12, 2020

This year has been a turbulent one for the oil market as crude oil prices went negative for the first...

Solar, FG to slash import duties on tractors, buses, others in 2020 Finance Bill, Nigeria will not issue Eurobonds, says Vice President Yemi Osinbajo, FG guarantees mortgage loan to low income buyers at low interest rate, FG inaugurates gold refinery project in a landmark event

FG inaugurates gold refinery project, boosts smaller-scale mining operations

June 11, 2020

Prof. Yemi Osinbajo commissioned the operations of DGPMP to enable Nigeria mine her gold reserves properly, trade responsibly and refine locally.

Between January and December 2023, Nigeria needs N4.2 trillion to meet fuel subsidy requirements – Mele Kyari

NNPC GMD says recent oil price surge is cosmetic, driven by sentiments

by Abiola Odutola

The supply will overshoot the demand in a short time and we will likely slide to where we were in...

Crude oil prices rally as investors remain optimistic about oil production cut ,Brent Crude continues to rally as businesses resume around the world, Brent crude,, Petrol: OMCs to resume importation of Petrol, Crude oil prices drop, geopolitical tension strengthens, OPEC and Alliance Output Cut are not enough to mitigate Brent’s Oversupply Issues, Brent crude falls, global investors fear strengthened on resurgence of COVID-19 cases, Brent crude drops, as COVID-19 caseloads rise in the world’s largest economies

Brent crude falls, global investors fear strengthened on resurgence of COVID-19 cases

by Olumide Adesina

Investors' concerns strengthen over the pace at which the global economic recovery from COVID-19 overriding OPEC+ pledge to extend oil...

Nigeria explains when it will fully comply with OPEC+ output cut

Mele Kyari disclosed that the country will implement all of the output cuts that were agreed, by the middle of...

The Nigerian Electricity Regulatory Commission (NERC), National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt, Electricity Tariff: FG, electricity stakeholders to work on equitable rate , Power: NERC applies "brakes" on hike in tariffs, NERC to sanction 7 DisCos over uncapped estimated billing

NERC to sanction 7 DisCos over uncapped estimated billing

NERC gives 7 electricity distribution companies a timeframe of 14 days to explain why they should not be sanctioned.

4 key reasons why Brent crude might slip back to $35 per barrel