Economy
Oil rises after OPEC warn members to stick to quotas
Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain...
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Non-oil sector contribution to total tax revenue rising — FIRS
The Federal Inland Revenue Service (FIRS) says non-oil tax receipts have consistently contributed 75 to 90 per cent of total...
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EEDC blames vandals for blackout in Umuahia
The Enugu Electricity Distribution (EEDC) has attributed the blackout being experienced in parts of Umuahia, Abia, to activities of vandals....
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Shell MD says energy players need to collaborate for local content
Mr Bayo Ojulari, the Managing Director, Shell Nigeria Exploration and Production Company Ltd., (SNEPCo) says collaboration amongst indigenous players in...
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SPDC’s oil production hits 514,000 bpd – Report
The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per...
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Climate change: AfDB to double financing for Africa to $25bn by 2025
The African Development Bank (AfDB) has committed to double its climate finance for Africa to 25 billion dollars by 2025,...
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DPR warns marketers against exploitation
The Department of Petroleum Resources (DPR) has warned marketers operating in Zamfara not to use petrol subsidy removal as an...
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15 ships laden with petroleum products, other items expected at Lagos Ports–NPA
The Nigerian Ports Authority (NPA) says it is expecting 15 ships laden with petroleum products, food items and other goods...
Read moreOil jumps above $41 as storm hits U.S. output, inventories drop
Oil rose for a second day on Wednesday, gaining more than two per cent, as a hurricane closed U.S. offshore...
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New tariff only affects major electricity consumers – says KEDCO
The Kano Electricity Distribution Company (KEDCO), says the new tariff regime approved by the Nigerian Electricity Regulatory Commission (NERC) will...
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