COVID-19: No increase in electricity tariff now, says minister
dis The Nigerian Electricity Regulatory Commission says there will be a 3-month delay in the implementation of the proposed
FG reduces petrol price to N123.5 per litre
The federal overnment on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a
Oil price plunges to $22, lowest in 18 years
The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This
Petrol imports: Marketers raise concerns over dollar shortage
While the landing cost of petrol has tumbled on the back of the sharp drop in crude oil prices, major fuel marketers are not keen to
Fuel scarcity looms as tanker drivers withdraw services today
Fuel scarcity may likely hit the country next week as fuel tanker drivers have resolved to keep away from the depots from Friday
Seplat grows profit 13.4% to $270m in 2019
By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m for
COVID-19: Nigeria, others to lose $65bn revenue oil money
Nigeria and other oil-producing countries in Africa will lose up to $65 billion in revenues because of the impact of Coronavirus on
External reserves fall by $2.3bn on plunging oil price
Nigeria’s external reserves recorded a decline of $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and
Oil flood: Russian oil giants prepare for a production surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower,
Nigeria, others lose $500m daily to oil price crash
With the steep fall in crude oil prices this week, Nigeria and other members of the Organisation of Petroleum Exporting Countries are