The Federal Government has explained that the German firm, Siemens AG was chosen for the expansion of Nigeria’s power grid because it was the best qualified company to handle the rehabilitation of the country’s dilapidated electricity infrastructure.

The Minister of Power, Sale Mamman disclosed this on Monday in a series…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River in Angiama area of Bayelsa State in March 2020.

 “The outcome of the government regulator-led Joint Investigation Visit (JIV) into the spill…

A consortium of Western investors has presented their plan to invest over $5bn in Nigeria’s power sector, the Federal Government has said.

Information from the Office of the Minister of Power on Sunday, revealed that the investors would focus majorly on the renewable energy subsector of the industry.

Kariya Energy announced yesterday that it will enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries.

With its technology, the company said it can turn around African small-scale LNG and work with partners in addressing off-grid power generation for industrial and residential…

Oil prices fell by more than 1% on Monday after touching their lowest points since July as Saudi Arabia made the most profound monthly price cuts for supply to Asia in five months and hopes about demand recovery faded amidst the corona virus pandemic.

Brent crude…

Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has advised the Nigeria federal government to take a further step towards full deregulation of the downstream sector to enhance economic growth and development of the nation.

Commending the government for consistently seeking ways to reposition the…

The Presidency has said that despite the fact that subsidy removal has long been acknowledged as the right thing to do, previous administrations for lack of courage failed to take the bold step to end fuel subsidy in Nigeria.

Defending President Buhari over the removal of fuel subsidy, the Senior…

The Nigerian National Petroleum Corporation, NNPC has dismissed the allegation that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project was inflated to the tune of $1.527 billion.

The Group General Manager, Group Public Affairs of the NNPC, Dr Kennie Obateru in a statement described the accusation as false, baseless and unfounded, stating…