Nigeria’s oil crisis compounded as India’s fuel demand crash by 60%
In what may have compounded Nigeria’s energy crisis, India, the country’s largest importer of crude oil, reported a 60% slump in
Nigeria’s oil, gas exports to fall by $26.5bn -IMF
imf The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year as a
1,000 NNPC graduate trainees begin work on Monday
More than 1,000 graduate trainees recently recruited by the Nigerian National Petroleum Corporation are to assume duty from Monday,
Eight power plants idle, generation tumbles to 2,983MW
The number of idle power plants in the country rose by two to eight on Tuesday, worsening the blackout being experienced by many
India’s refiner shuns Nigeria’s crude oil in Q1
India’s Reliance Industries, owner of the world’s biggest refining complex, saw its imports of Nigerian crude oil slump to zero in the
Oil crash may warrant production halt, says NNPC
Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in production, the Nigerian
Nigeria records $434m oil, gas sales in January – NNPC
The Nigerian National Petroleum Corporation says the country recorded crude oil and gas export sales of 434.85million dollars in
Power generation falls to 3,757MW, six plants idle
The nation’s hydropower plants have seen their output levels tumble in the past few days, causing total power generation to drop below
Discos deny knowledge of FG’s N200bn payment to Gencos
Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the
Don’t expect crude demand recovery before July, says OPEC
The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries has said.