...Says TCN’s wheeling capacity is now 7200MW
The Federal Government has said that it will not approve a fresh electricity tariff hike at least for now, stating that it is still meeting with stakeholders in the country’s electricity sector, including the World Bank to provide...
OPEC oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey has found .
The survey published said the output cut was assisted by attacks on Nigeria’s oil industry and top exporter Saudi Arabia trimming exports.
The...
Nine months after it lost Africa’s top oil producer status to Angola, Nigeria has seen its crude oil production surpass that of the southern African country, data from the Organisation of Petroleum Exporting Countries have shown.
Nigeria had in March lost the top spot to...
Global oil benchmark, Brent crude, jumped above $57 per barrel on Monday after 11 non-members of the Organisation of Petroleum Exporting Countries, including Russia, agreed to cut their production by 558,000 barrels per day.
Brent, against which Nigeria’s oil is priced, soared to $57.89 a...
Crude rose above 55 dollars a barrel as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices.
Monday’s gains take the rally since the Organization of the Petroleum Exporting...
…Kachikwu Negotiates Key Agreement To Ensure Nigeria Is Exempted From The Production Cut
Rising from its 171st meeting held at Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, OPEC reached a landmark deal that will effectively cut production by about 1.2 million barrels...
