Energy

A former Presidential Candidate and a Chieftain of the ruling All-Progressives Congress, APC, Mr Gbenga Olawepo-Hashim has warned President Muhammadu Buhari to ignore the bait from the International Monetary Fund, IMF and the World Bank to…

The Federal Government has disclosed that the power sector gulped over N1trillion in three years as it subsidized electricity tariffs. This is the gap between the  Cost Reflective Tariff  (CRT) and Allowable Tariff (AT) which peaked at N28…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why it is backing the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2022. IPMAN’s President, Chinedu…

Nigerian lawmakers are bracing for a showdown with their principal officers after uncovering details of how they were grossly shortchanged in the distribution of a multimillion-dollar bribe for the passage of the new petroleum industry law,…

Pascal Oparada Early this year, Rite Foods, makers of Fearless energy drink took soft drinks giant, Cocoa Cola, to court over infringement on its brand identity for the energy drink. Rite Foods said Coca Cola has committed an infraction…

A total of 74 per cent of power users in Nigeria are dissatisfied with the supply of electricity across the country, the World Bank has said. It also stated that while 93 per cent of metered power users paid their bills regularly, 78 per…

Pascal Oparada An aide to President Muhammad Buhari social media, Bashir Ahmad, has denied a report that he was secretly appointed to head a lucrative arm at the Department of Petroleum Resources (DPR) by Buhari, despite still holding…

President Muhammadu Buhari has appointed his junior media aide Bashir Ahmad to supervise a powerful and lucrative division at the Department of Petroleum Resources (DPR) — a role that supersedes his work experience and area of expertise,…

The Nigerian National Petroleum Corporation (NNPC) has said that it achieved a trading surplus of 108.84 million dollars (about N13.43billion) for the month of November 2020. The Corporation disclosed this in its Monthly Financial and…

A Nigerian judge issued an arrest warrant for the managing director of Exxon Mobil Corp’s local unit for failing to appear before the nation’s anti-graft agency investigating what it says is a $213 million fraud. Federal Court Judge Okon…