The World Bank, Wednesday, okayed the sum of $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply....
Out of the N1.8tn intervention fund set aside for the power sector, Electricity distribution companies have only accessed N58bn from the Central Bank of Nigeria’s N213bn...
Nigeria loses about $29 billion yearly to irregular and poor power supply, Senate President Ahmad Lawan on Monday. According to the lawmaker, while declaring open an...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency (PPPRA). The agency had...
Nigeria’s senate president has called for the immediate review of power assets sold by the previous administration to private individuals. “I think the time has come...
The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all...
Ayorinde Olajide, a staff of the Ibadan Electricity Distribution Company, IBEDC, was beaten to oblivion by angry youth on Thursday for distributing electricity bills at Isale...
By Jameel Ahmad [Global Head of Market Research and Currency Strategy at FXTM] Ever thought that it could be imaginable to see the price of U.S...
Oil prices in the United States crashed on Monday to a record low amid a collapse in demand caused by the coronavirus pandemic. The U.S. oil...
The Bauchi office of the Department of Petroleum Resources (DPR) said it had sanctioned no fewer than 15 filling stations for failure to comply with safety...
