Power distribution companies that fail to provide meters for all maximum demand customers on their networks not later than the last quarter of this year will be sanctioned, the Nigerian Electricity Regulatory Commission has said. According to NERC, the resolve to start sanctioning the firms...

The Federal High Court, Lagos Division, has granted an interim injunction against NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim on the application of the Asset Management Corporation of Nigeria (AMCON). Justice Saliu Saidu, while granting the order on the...

The delay in the construction of the multibillion dollar upstream gas supply projects to feed Chevron’s Agura Power Plant, ExxonMobil’s Qua Iboe Power Plant and Total’s Obite Power Plant has delayed the projects, which were conceived by the administration of former President Olusegun Obasanjo...

...Truce gives Buhari time to come up with plan for region The federal government and militant groups in the Niger Delta, including the Niger Delta Avengers (NDA), which has claimed responsibility for a series of attacks on oil and gas installations in recent months, have...

The stock market started the week with a loss of N163bn in market capitalisation at the close of trading on the floor of the Nigerian Stock Exchange on Monday. A total of 33 losers emerged, with Ecobank Transnational Incorporated Plc, Nigerian Breweries Plc, Nigerian Aviation...

The decision of the Federal Ministry of Finance to shut the Nigerian Economic Reconstruction Fund (NERFUND) may have put the organisation’s N7 billion loan disbursed to various customers in jeopardy. The amount, as learnt, represented outstanding loans which were being repaid before the organisation was...