FG mulls handover of power distribution to Siemens
Businessam Staff
February 20, 2020
The federal government is considering a proposal to take over power supply from the distribution companies (Discos) and hand it over
Nigeria’s oil reserves’ll run dry in 49 years – DPR
Businessam StaffFebruary 20, 2020
The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be depleted in 49 years,
$750m oil stolen in 2019, says NNPC
Businessam StaffFebruary 19, 2020
The Nigerian National Petroleum Corporation has said the nation lost about $750m to crude oil theft in 2019. Mele Kyari, the group
FG shortlists 200 investors for gas flare sites
Businessam StaffFebruary 18, 2020
The federal government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification
Oil prices push up the trend following last night’s descent
Businessam StaffFebruary 13, 2020
The latest crude oil price rally was nipped in the bud last night by the news that 15,000 new coronavirus cases had been
OPEC committee recommends fresh 600,000bpd oil output cut
Businessam StaffFebruary 7, 2020
With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set up by the Organisation
Rising inflation to fuel uncertainties around CBN in 2020, says expert
Businessam StaffDecember 19, 2019
By Omobayo Azeez
Nigeria still flaring 8bn cubic metres of gas worth $2.5bn annually, says environmentalist
Businessam StaffDecember 3, 2019
Buhari promised to end flaring by 2020
African Energy Chamber calls for better fiscal terms, incentives to encourage oil exploration
Businessam StaffDecember 3, 2019
By Samson Echenim
Chevron puts two Nigerian offshore blocks up for sale
Businessam StaffNovember 29, 2019
Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the