CATEGORY
Energy
Senate Investigates NNPCL Subsidy Claims
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The Senate has constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL).
This followed the...
Oil Prices Fall, But OPEC+ Cuts Limits Slide
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Oil prices dipped on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week,...
Nigeria To Boost Oil Production To 1.7 Million Bpd
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Nigeria aims to increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, in bid to earn higher...
President Tinubu Okays First Floating Liquefied Natural Gas Project in Nigeria
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President Bola Ahmed Tinubu GCFR has given his support to the execution of the first floating Liquefied Natural Gas (FLNG) project in Nigeria
He also...
Oil Prices Rise As Saudi Arabia Extends Supply Cut
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Oil prices rose on Monday as top exporter Saudi Arabia extended its supply cut through August, overshadowing concerns about a global economic slowdown and...
Federal Competition Commission Investigates Customers Inability to Purchase Ikeja Disco Prepaid Token
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By Moneycentral Reporter.
The Federal Competition and Consumer Protection Commission (FCCPC) has received several complaints from electricity consumers in the franchise area of Ikeja Electricity...
Oil Gears Up For First Monthly Gain in 2023 As Supply Tightens
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Oil prices stayed steady on Friday with Brent poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks...
Egypt Boosts Petroleum Sector With Launch Of EUG Digital Technology
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Egypt’s Ministry of Petroleum and Mineral Resources announced the launch of Egypt Upstream Gateway (EUG), a digital platform to promote oil and gas opportunities...
Uganda’s Tilenga To Commence Oil Production By 2025
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Tilenga oil project in Uganda is expected to start production in the first half of 2025, reported Reuters, citing Uganda National Oil Company (UNOC)...
Oil Prices Rise On Russia War, US Demand Hopes
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Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as US demand hopes...