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Electricity subsidy may hit N2tn amid tariff freeze

The Federal Government may spend about N2 trillion to subsidise electricity this year as it maintains its position against an immediate increase in electricity...

Petrol under-dispensing: NMDPRA cracks down on filling stations

Filling station operators across the country are under pressure to check and recalibrate their dispensing equipment as the Nigerian Midstream and Downstream Petroleum Regulatory...

Shipowners urge Dangote to support local fleet

Indigenous shipowners have called on major cargo owners, including the Dangote Group, among others, to support local fleet development by offering long-term Contracts of...

Perenco on offshore platform electrification quest to power Brazil’s shallow-water fields from shore

In a bid to strike a balance between maximizing asset longevity and curbing greenhouse gas (GHG) emissions, Perenco Brasil, a subsidiary of Anglo-French oil...

TotalEnergies greenlights gas project to feed one-third of Nigeria LNG train expansion

France’s energy giant TotalEnergies and its Nigerian local partner AMNI have decided to move forward with the development of a gas field off the...

Expro lines up 14-well Canadian offshore life-extension campaign

U.S.-headquartered energy services provider Expro has won a multimillion-dollar deal to provide integrated well services for a major life-extension campaign off the coast of...

Banking liquidity slumps N3.86tn as OMO drains cash

Nigeria’s banking system liquidity plunged by N3.86tn on Thursday after the Central Bank of Nigeria conducted a fresh open market operation, tightening cash conditions...

Access Bank appoints new executive director for risk management

Access Bank Plc has appointed Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, following approval by the Central Bank of Nigeria. The appointment, announced by...

Dangote bets cash generation on $45bn expansion

Dangote Group is pursuing a $45bn investment programme to expand its industrial businesses and reach $100bn in annual revenue by 2030, with Dangote Cement...

New gas discovery springs up from India’s frontier deepwater basin

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has made a new natural gas discovery in the deep waters of the Mahanadi...

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