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According to its latest Nigeria Development Update, the World Bank reports that Nigerian National Petroleum Company Limited (NNPCL) has been transferring only 50% of fuel subsidy…

The federal government has approved two major power projects in Oyo State to strengthen the national grid and address lingering electricity challenges. At Monday’s Federal Executive…

The Nigerian National Petroleum Company (NNPC) Limited has planned to recommence crude oil drilling operations at the Kolmani oil field, situated along the Bauchi-Gombe state border.…

The Federal Government’s Presidential Compressed Natural Gas (CNG) Initiative is challenged due to inadequate infrastructure, nearly two years after its launch, according to Mike Osatuyi, former…

Aradel Holdings Plc, a leading indigenous integrated energy company, has committed $20 million in restricted cash toward acquiring approximately a 5 percent equity interest in Chappal…

Nigeria’s crude oil production climbed to a two-month high in April, signalling modest recovery efforts in Africa’s largest oil producer. However, it remained below the country’s…

Seplat Energy Plc has announced plans to commence gas exports as part of a strategic move to boost Nigeria’s foreign exchange (FX) earnings and deliver greater…

Nigeria is exploring alternative solutions such as floating LNG (FLNG) and smaller-scale mini-LNG projects in order to fully capitalise on its gas resources and meet both…

The Federal Government has announced a pilot overhaul of two underperforming electricity Distribution Companies (DisCos) as the first step in a broader effort to revitalise the…

The Dangote Petroleum Refinery has denied assertions by fuel marketers suggesting it cannot satisfy domestic fuel demand, citing that the facility possesses sufficient fuel reserves to…