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Browsing: Energy
A new report by S&P Global has revealed that the United States is a major supplier of crude oil to Nigeria’s Dangote Refinery, accounting for 30…
GCR Ratings has affirmed Dangote Industries Limited with national-scale long-term and short-term issuer ratings of AA+ and A1+, respectively. In a recent report, GCR affirmed the…
Nigeria’s oil output has increased to between 1.6 million and 1.7 million barrels per day due to enhanced security measures aimed at preventing crude oil theft.…
President Bola Tinubu’s recent announcement that Nigeria’s oil production has risen to 1.61 million barrels per day (mbpd) has drawn significant attention to the country’s oil…
The scale of corporate deals between privately held businesses and their investors in Nigeria’s oil and gas sector is at the lowest ebb in eight years,…
President Bola Tinubu has said the Compressed Natural Gas Initiative (CNG) that will power transportation economy will save Nigeria over N2 trillion being used to import…
Kaduna Electric has disconnected the power supply to the state Government House over an unpaid electricity bill of N2.9 billion. Despite a recent payment of N256.9…
Nigeria’s oil sector faces mounting challenges as operational rigs have dwindled to a six-month low, signalling a deepening crisis caused by chronic underinvestment. The latest data…
…says inadequate revenues plaguing NESI since privatisation in 2013 The Nigerian Electricity Regulatory Commission (NERC) has stopped the electricity purchase and resale function of the Nigerian…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced an increase in the daily Crude oil production in Nigeria, from 1.25 million barrels per day (mbpd)…