Archives for ENERGY - Page 56
Caverton PBT Soars by 25.86% to N728m in Q1 2021
Caverton Offshore Support Group Plc, has announced its unaudited results for the period ended 31st March 2021 which showed a growth in Profit-Before-Tax to N728 million from N580 million in…
World Bank ranks Nigeria among gas flaring countries
Nigeria has been named among countries with gas flaring for nine years running. According to World Bank other countries in this category include Russia, Iraq, Iran, the United States, Algeria,…
Petroleum Products: Nigeria loses N15.71bn to vandalism in 2020 – NNPC
Amid continued pipeline vandalism in the country, petroleum products worth were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products…
Fresh electricity tariff hike looms in Nigeria as NERC concludes ‘extraordinary review’
The Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made…
Seplat, Board Chairman win most profitable company, Board Chairman of the year
… As Nigerian Exchange, BusinessDay laud winners at the NIVA Seplat Petroleum Development Company Plc has won the Most Profitable Company (Oil & Gas: Exploration and Production), with Dr. ABC…
AGPC to invest $10million on capacity development initiatives
…partners NCDMB to build centre for skills development ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10million on capacity development initiatives in the oil and…
NNPC Assures No Increase in Pump Price of Fuel, as Subsidy rises to N500bn
The Nigerian National Petroleum Corporation (NNPC) says it will not increase the ex-depot pump price of fuel (PMS – Premium Motor Spirit) also known as petrol in May. The Group…
Outage Pesists as FG Shuts Nine Power Plants
Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had persisted recently across the country. Minister of Power, Sale Mamman, said…
Oil jumps to $66 on signs of rising crude demand
The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a report from the International Energy Agency, followed by US inventory data, boosted optimism about returning…
Power distributors blame allocation shortage as blackout worsens
Minister for power, works and housing, Mr. Babatunde Fashola Two of the nation’s power distribution companies, Ikeja Electric and Eko Electricity Distribution Company, have attributed the drop in power supply…
