Energy

Energy

Refineries to ramp up production to over 10m litres month end

BusinessDay Jan 06, 2016

Nigerian National Petroleum Corporation (NNPC) has announced that the nation’s three refineries in Kaduna, Port Harcourt and Warri have attained...

Energy

FG to establish inter-ministerial committee to fast track NNPC’s reforms

BusinessDay Jan 06, 2016

President Muhammadu Buhari Tuesday said his administration would soon establish an inter-ministerial committee to speed up the reorganisation and reformation...

Energy

Deals that made headlines for 2015

BusinessDay Jan 06, 2016

NNPC secures $1.2 billion drilling financing package Nigeria’s state oil company has secured a $1.2 billion multi-year drilling financing package...

Energy

MRS Oil appoints Andrew Gbodume as Managing Director

BusinessDay Jan 04, 2016

MRS Oil has announced  the appointment of Andrew Gbodume as its new Managing Director effective  1 January, 2016 The appointment follows...

Energy

Crude knocks energy sector with latest slide

BusinessDay Jan 04, 2016

Sustained pressure on oil prices set a fractious tone to trade yesterday, hitting energy stocks, which were among the main...

Energy

PENGASSAN urges not to sell refineries as scrap

BusinessDay Jan 04, 2016

Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have urged the Federal...

Energy

Abuja Disco welcomes tariff review, fixed charge removal by NERC

BusinessDay Dec 31, 2015

Abuja Electricity Distribution Company (AEDC) has officially welcomed the new electricity tariff regime unveiled by the Nigerian Electricity Regulatory Commission...

Energy

Power sector under the Buhari administration: A 200-day review

BusinessDay Dec 30, 2015

Prior to May 29th, the power sector grappled with a number of challenges such as low generation, huge market debts...

Energy

FG reduces petrol price to N86 per litre

BusinessDay Dec 30, 2015

Federal Government has announced the reduction in the official price of premium motor spirit (PMS – petrol), with effect from...

Energy

NLC directs affiliates to mobilise against removal of fuel subsidy

BusinessDay Dec 30, 2015

Nigeria Labour Congress (NLC) has direct its affiliate unions and state councils to begin mobilisation against the planned removal of...

Energy

Oando delights vehicle owners with free diagnostics checks, oil change

BusinessDay Dec 30, 2015

As a brand synonymous with safety and customer satisfaction, Oando Marketing organised a free car diagnostic event for automobile owners...

Energy

Crude surplus could extend into 2016

BusinessDay Dec 29, 2015

Crude oil prices could drop even further, down to $20 a barrel, as supply gluts are exceeding expectation, says global...

Energy

Oil above $37 as U.S. supply tightens, still near 11-year low

BusinessDay Dec 29, 2015

Oil edged further above $38 a barrel before retreating as it remained within sight of an 11-year low reached last...

Energy

Nigeria will continue to import fuel – Kachikwu

BusinessDay Dec 29, 2015

Minister of state for petroleum, Ibe Kachikwu, has said Nigeria will continue to import fuel in 2016 and beyond despite...

Energy

Brent traders said market was quiet with many participants away for the Christmas holidays

BusinessDay Dec 29, 2015

Crude gained support from the latest snapshot of U.S. supplies on Wednesday. Crude inventories, which were expected to rise, fell...