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Electricity: Tinubu meets chairpersons of GenCos, pledges to resolve longstanding debt

Nigeria, July 26 -- President Bola Tinubu on Friday appealed to power generation companies (GenCos) to give the federal government more time to complete the verification and validation of longstanding... Read More


Vandal attempting to vandalise transmission tower electrocuted in Ebonyi - TCN

Nigeria, July 25 -- The Transmission Company of Nigeria (TCN) on Friday said a vandal was electrocuted while attempting to vandalise transmission tower 34 along the Nkalagu-Abakaliki 132kV transmissio... Read More


Reps committee commences fresh investigation into NNPC's acquisition of OVH

Nigeria, July 24 -- The House of Representatives Committee on Petroleum Resources (Downstream) has commenced a fresh investigation into the acquisition of OVH Energy Marketing's downstream assets by t... Read More


Revoke inactive refinery licences, Dangote urges NMDPRA

Nigeria, July 23 -- On Tuesday, Aliko Dangote, founder and president/chief executive of the Dangote Group, urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to cancel... Read More


US becomes net exporter of crude oil to Nigeria - EIA

Nigeria, July 23 -- The United States exported more crude oil to Nigeria than it received for the first time in February and March 2025, the US Energy Information Administration (EIA) has said. The E... Read More


International oil traders frustrating refineries in Africa - Dangote

Nigeria, July 22 -- Aliko Dangote, founder and president/chief executive of the Dangote Group, on Tuesday said international traders are deliberately frustrating the establishment of new refineries an... Read More


NNPC profit drops to N905 billion in June

Nigeria, July 22 -- Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N905 billion for June, its latest monthly report shows. This represents a drop from the N1.05... Read More


After PREMIUM TIMES report, CAC postpones implementation of new fees, penalties

Nigeria, July 22 -- The Corporate Affairs Commission (CAC) has announced a postponement of the implementation of new fees and penalties for document downloads beyond 7 days, citing ongoing technical i... Read More


Mining, quarrying sector's contribution to GDP drops in Q1 2025

Nigeria, July 22 -- The mining & quarrying sector contributed 4.38 per cent to the overall GDP in the first quarter of 2025, lower than the 5.47 per cent contributions recorded in the same quarter of ... Read More


Nigeria's ICT sector contribution to GDP increases in Q1 2025 - NBS

Nigeria, July 22 -- The Information and Communications sector contributed 10.29 per cent to the total nominal Gross Domestic Product (GDP) in the first quarter of 2025, a report by the National Bureau... Read More