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 ...
Saturday, March 14, 2026
Tag: Energy
FG mulls handover of power distribution to Siemens
The federal government is considering a proposal to take over power supply from the distribution companies (Discos) and hand it ...
Nigeria’s oil reserves’ll run dry in 49 years – DPR
The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be ...
$750m oil stolen in 2019, says NNPC
The Nigerian National Petroleum Corporation has said the nation lost about $750m to crude oil theft in 2019. Mele Kyari, ...
FG shortlists 200 investors for gas flare sites
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
The latest crude oil price rally was nipped in the bud last night by the news that 15,000 new ...
OPEC committee recommends fresh 600,000bpd oil output cut
With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set ...
Rising inflation to fuel uncertainties around CBN in 2020, says expert
By Omobayo Azeez Rising inflationary pressures in Nigeria will certainly fuel speculation around the Central Bank of Nigeria (CBN), research ...
Nigeria still flaring 8bn cubic metres of gas worth $2.5bn annually, says environmentalist
Buhari promised to end flaring by 2020 Ben Eguzozie, in Port Harcourt With measures put in place many ...
African Energy Chamber calls for better fiscal terms, incentives to encourage oil exploration
By Samson Echenim The African Energy Chamber has called for sustained fiscal reforms to attract capital and technology into exploration ...
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