Energy

Global oil price hits $80 per barrel as traders expect US sanction of Russian oil fleets

From N12 million to N150 million per car, here are the top electric vehicles sold in Nigeria

Dangote refinery is building 6.3 million barrels capacity storage for imported crude oil – Report

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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...

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

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

June 9, 2020

Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude...

OPEC and Alliance Output Cut are not enough to mitigate Brent’s Oversupply Issues

by Lawretta Egba

June 8, 2020

Brent crude still needs to deal with its oversupply issues before it can successfully move on with its current price range of $40 and $50 per...