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NNPC seeks EFCC support to fight crude oil theft

Nigeria, March 12 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the ... Read More


Electricity: Nigerian govt offsets $120 million debt to Gas companies

Nigeria, March 1 -- The Nigerian government has paid over $120 million to offset some of the debts owed to the gas companies (GasCos), an official has said. The Director, Decade of Gas Secretariat, E... Read More


Nigeria gets 60% Afreximbank energy funding - Oramah

Nigeria, Feb. 29 -- African Export-Import Bank (Afreximbank) on Wednesday said Nigeria has been one of the largest beneficiaries accounting for almost 60 per cent of its $30 billion funding of the ene... Read More


NNPC, OPEC pledge collaboration to attract investments

Nigeria, Feb. 29 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation's ... Read More


MTN suffers outage in Nigeria, gives reason

Nigeria, Feb. 29 -- Mobile network operator MTN has apologised to its Nigerian customers after users experienced outages in many parts of the country on Wednesday. It was observed Wednesday that the ... Read More


OB3 gas pipeline to be completed March - Minister

Nigeria, Feb. 28 -- The Nigerian government on Tuesday said that the Obiafu/Obrikom/Oben (OB3) gas pipeline will be completed by March 2024. Ekperikpe Ekpo, Minister of State for Petroleum Resources ... Read More


International Oil Companies not leaving Nigeria - Minister

Nigeria, Feb. 28 -- The Nigerian government on Tuesday said international oil companies (IOCs) are not leaving the country but only shifting their portfolio and further investments to deep offshore. ... Read More


Why there is power outage in Abuja - AEDC

Nigeria, Feb. 28 -- The Abuja Electricity Distribution Company (AEDC) has attributed the power outage being experienced in Abuja to a fault affecting the 33kV NIPP feeder and repairs on the transmissi... Read More


CPPE speaks on interest rate hike, other MPC decisions

Nigeria, Feb. 28 -- The Centre for the Promotion of Private Enterprise (CPPE) said the outcome of the Monetary Policy Committee (MPC) meeting on Tuesday would hurt the real sector of the economy which... Read More


Petrol subsidy removal challenging but necessary - Tinubu

Nigeria, Feb. 27 -- The Nigerian government said Tuesday the decision to remove petroleum subsidy is a challenging one but necessary move needed to promote long-term energy security and economic prosp... Read More