Nigeria’s federal government said on Thursday that it had settled the power Generation Companies (Gencos) to the tune of approximately N3.5 trillion from the total invoices of N4 trillion (about

Nigeria has issued $1.250 (N520 billion) billion seven-year Eurobond in the International Capital Market (ICM), being the first African country to access the ICM in 2022. This is just as

The House of Representatives Committee on Public Accounts was on Thursday informed about how the Federal Inland Revenue Service (FIRS) accepted capital allowances claims by tax payers without certificate of

Italian oil major, Eni, has promised to lift the force majeure on the Ogoda/Brass 24 oil pipeline in Bayelsa State this week. Eni in an updated statement issued Tuesday, said

Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasion

Airline Operators in Nigeria on Monday warned that they have only three days left to shut down operations over lingering scarcity of aviation fuel. In their presentation, Airline Operators of

The audit report of the Auditor General for the Federation has revealed that the defunct Nigeria National Petroleum Company (NNPC) failed to account for about 107,239,436.00 barrels of crude oil

Aiteo Eastern Exploration and Production Company (AEEPCO), on Sunday denied reports that a new leak had been discovered at its Nembe Creek Trunk Line (NCTL) pipeline within its OML 29

Nigeria’s earnings from the solid minerals sector climbed to N624.45 billion in the last 13 years, a new report by the Nigeria Extractive Industries Transparency Initiative (NEITI), on Sunday indicated.

A new report by Financial Derivatives Company (FDC) Limited, a research firm which provides insights for investment decisions, has disclosed that Nigeria will require about $100 billion funding spread across

Power Generation Companies (Gencos) under the Association of Power Generation Companies (APGC) on Sunday stated that the power supply situation in the country was worsening because they were owed over

The Nigerian Ports Authority (NPA) has flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu, Lagos State. The Ibeshe-Ikorodu facility is designated as EssLibra Terminal. The EssLibra Terminal

Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day last month, the gap between

Nigeria’s energy transition agenda, in line with global direction received a boost on Thursday at the CERAWeek energy conference in Houston, Texas, as the United States’ Government indicated interest in

Nigeria’s Minister of State, Petroleum Resources, Mr Timipre Sylva, on Thursday called on the United States Government to provide funding support for Nigeria to develop its natural gas resources. The

Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, on Thursday assured Nigerians that the company would work with relevant authorities to ensure that the

As oil prices soar to record levels, many Nigerians, ordinarily, would expect that their country would be raking in billions of dollars and realising accretion in external reserves, as was

Nigeria’s federal government on Wednesday said it was yet to appoint any bidder for the proposed Nigeria Air even as it stated that it had at no time selected nor

The Nigerian Content Development and Monitoring Board (NCDMB) and the Senegalese Petroleum Industry have agreed to sign a Memorandum of Understanding (MoU) on Nigeria’s support for the development of local

On Wednesday, a major development occurred in the aviation industry as Nigerian airlines namely: Air Peace, Azman Air, United Nigeria Airline, Arik Air, Aero Contractors and Max Air announced an