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BusinessDay learnt that the OKOLOMA gas plant operated by the NNPC gas subsidiary has been shut down since March this year, taking out atleast 1000MW of power generation at atime of surging diesel price. …Says Siemens Project has…
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The capital market is often described as the gauge of any economy. It reflects the health of businesses, the investment climate, and the confidence of both local and international investors. In Nigeria, the capital market has grown…
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The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags:…
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Akinwumi Adesina, President of the African Development Bank (AfDB), has expressed concerns over Africa's escalating debt, particularly highlighting the challenges posed by non-transparent resource-backed loans. These loans, often…
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The Society of Petroleum Engineers (SPE), Nigeria Council, has underscored the need to align operations and investments within the Petroleum Industry Act (PIA 2021) framework, to ensure the sector’s transparency, efficiency and…
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... As Group Endorses Naira-for-Crude Policy According to the EJF, it would be a fatal mistake for the new NNPC Group Chief Executive Officer, Bayo Ojulari and board chairman, Ahmadu Musa Kida to follow the path of Kyari, the…
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Chairman, Board of Directors, Nigerian Independent System Operator (NISO), Dr Adesegun Akin-Olugbade (left); Vice President Kashim Shettima; Director, Transmission, Sule Abdulazizi and Chief Executive Officer, Ikeja Electric, Folake Soetan…
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Renaissance Africa Energy Company Limited, operator of the NNPC/Renaissance/TotalEnergies/NAOC Joint Venture has inducted 37 academia and Research Interns from several universities in Nigeria into its 2025-2026 Sabbatical & Research…
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The Nigerian naira came under renewed pressure in the foreign exchange market as foreign portfolio investors (FPIs) accelerated their exit from local assets, triggering a sharp spike in demand for the U.S. dollar.  Amid this surge,…
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*Heineken Lokpobiri The Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has condemned the recent sabotage of the 18inch Tepidaba-Brass pipeline operated by Oando Plc in Bayelsa State, describing the act as…
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