Energy
Oil Market: Bonny Light price dips to $62.05 on reopening of Suez Canal
By Udeme Akpan The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez
Seplat issues $650 million 5-year Senior Notes
Seplat Seplat Petroleum Development Company Plc, Seplat, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange, NSE, and the London Stock Exchange, LSE, has priced its
Autogas: LPG cheaper than petrol, diesel — Expert
By Udeme Akpan As consumers groan under the weight of high petrol prices, an expert has urged fuel consumers to convert to gas, arguing that it is cheaper than petrol
GAS: Deepen investment to maximise benefit — Rain Oil
By Udeme Akpan & Sebastine Obasi Investors have been urged to deepen their investments in gas in order to attract maximum benefits to Nigeria’s economy. Speaking on, “Deregulation and Sustainable
LNG train 7 to attract $10bn into nation’s economy — NLNG
By Udeme Akpan THE Nigeria LNG train 7 will attract $10 billion into Nigeria’s economy, according to the Nigeria LNG Limited. In his Goodwill message, presented at the Nigeria International
Electricity: 11 DISCOs indebtedness to NBET hits N510.53bn
By Ediri Ejoh The liquidity situation in Nigeria’s power sector has continued to witness downturn as the indebtedness of the Distribution Companies, DISCOs to Nigerian Bulk Electricity Trading Plc, NBET,
OPEC+ to reconvene to navigate crude market volatility
The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility. “The
NNPC records ₦24.19bn trading surplus in December ― Report
The Nigerian National Petroleum Corporation (NNPC) says it recorded an increase of ₦24.19billion trading surplus in December 2020, compared to the ₦13.43billion surplus recorded in November of the same year.
Upstream: Nigeria’s gas production declines by 3% in one year
By Prince Okafor Nigeria’s gas production witnessed another setback, as the sector recorded a marginal decline by three per cent to 3,004.06 Billion Cubic Feet (BCF) in one year. This
Electricity: TCN completes Ajah transmission tower, increases capacity to 1,200mw
By Prince Okafor The Transmission Company of Nigeria, TCN, has completed the construction and installation of a new transmission tower in Ajah, Lagos. The power company also strung the old
