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Energy

Electricity, food items prices gallop inflation rate to 18.3% from 17.9% – NBS

NBS

Key household consumables including housing, electricity and food items have dragged Nigeria’s inflationary trend from rising from 17.9 per cent in September to 18.3 per cent in October. This was ...

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Badagry Deep Seaport scheme hangs in balance as community plans resistance

There are palpable fears that the much celebrated Badagry Deep Seaport project may take a longer time than expected; if it will ever be at all, considering revelations by the ...

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NIMASA’s floating dockyard good for Nigeria – Senator Yerima

Nigerian Senate

The Chairman of the Senate Committee on Marine Transport, Senator Ahmed Sani Yerima has said that the floating dockyard being built by the Nigeria Maritime Administration and safety Agency (NIMASA) ...

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Stable forex policy will attract investment in downstream petroleum sector—udoji

An expert in downstream petroleum sector, Dr. Emmanuel Udoji has said that the best bet in increasing local and foreign investment in Nigeria’s downstream oil and gas sector is for ...

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Fashola hits GEJ, says oil prices, not policies, drove economy under him

Considering the growing comments by arch supporters of former administration that ‘thing were better under Jonathan than now’, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has reacted, ...

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Give peace a chance, Kachikwu tells N/Delta militants

Ibe Kachikwu

The observed surge in pipeline bombing in the oil rich region of Niger Delta, at a time credible dialogue is ongoing with the federal government has became a source of ...

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NNPC set for listing on Exchange after unbundling soon—FG

nnpc

The endless plans of the Federal Government to restructure the nation’s oil giant, the Nigerian National Petroleum Corporation (NNPC) and list same at the Nigerian Stock Exchange (NSE) got a ...

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Skye Bank seals off Obat Oil’s depot over N2.1bn non-performing loan

More reasons why have emerged on why serial fuel scarcity may hit the nation early next year. This is because where more depot operators are abandoning the business for retail ...

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Tumbling oil prices may weaken Nigeria’s recovering economy

Ibe Kachikwu

The tumbling on Friday by more than three per cent after the Organisation of the Petroleum Exporting Countries (OPEC) noted that October output had reached another record of 33.64 million ...

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Anxiety as Port Harcourt disco loses N2.2bn

Meters

The Port Harcourt Electricity Distribution Company (PEDC) Friday said it lost N2.2bn in revenue to unpaid bills and electricity wastage by consumers. Managing Director of 4Power, owners of PHED, Mr. ...

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