Oil Profits Fail to Help Nigeria as Trade Balance Returns to Deficit
By Moses Patience Chat
The Central Bank of Nigeria (CBN) has said that profits from oil production did little in helping to lift Nigeria’s trade balance in 2022, even as the country’s balance of trade position returned to deficit!-->!-->!-->!-->!-->…
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Seplat Energy Grows 2022 Revenue to N403.9bn
By Yange Ikyaa
Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, in 2022 grew its revenue by 29.8 per cent to N403.9!-->!-->!-->!-->!-->…
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Africa to Become World’s Fastest Growing Downstream Energy Market in 2023
By Yange Ikyaa
Global energy consulting and market research firm S&P Global Commodity Insights has released its latest report, Africa Energy Review and Outlook 2022-23, stating that the continent is also predicted to!-->!-->!-->!-->!-->…
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Thor Explorations Hits Another High Grade Gold Deposit in Nigeria
By Yange Ikyaa
Thor Explorations Limited has announced the initial drilling results from a reconnaissance drilling program that is currently underway at the Company’s Western Prospects that are located approximately 15!-->!-->!-->!-->!-->…
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2023 African Mining Indaba Sees Record Post-Pandemic Attendance
By Yange Ikyaa
Investing in African Mining Indaba for the year 2023 saw a record post-pandemic turnout in attendance, which is a testament to the ever-increasing appetite for investing on the continent.
The four-day Indaba, held!-->!-->!-->!-->!-->!-->!-->…
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High Security Alert in Maiduguri as Buhari Commissions Power Plant Built by NNPCL
Security measures have been beefed up at the Maiduguri Emergency Power Plant (MEPP) project site in Borno ahead of its inauguration by President Muhammadu Buhari.
The News Agency of Nigeria (NAN) reported that the President will on!-->!-->!-->!-->!-->…
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Nigeria’s Largest Solar Power Plant Becomes Operational in Kano
The Kumbotso solar power plant was recently inaugurated in Kano State by the President of the Federal Republic of Nigeria, Muhammadu Buhari.
The plant has a capacity of 10 MWp.
The 10 MWp solar photovoltaic facility was opened by!-->!-->!-->!-->!-->!-->!-->…
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NNPCL has not Taken Over OML 18, says Eroton
Adaobi Rhema Oguejiofor
Earoton Exploration and Production Company, a major player in the Nigerian upstream oil segment, has said that it remains the operator of Oil Mining Licence (OML) 18 Alakiri Gas Plant and Field Logistics base!-->!-->!-->!-->!-->…
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Nigeria’s LPG Price Rises by Over 25% in 12 Months
By Adaobi Rhema Oguejiofor
The Nigerian Bureau of Statistics (NBS) has said that the average price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, rose by 25.46 percent in 12 months across Nigeria.
This was!-->!-->!-->!-->!-->!-->!-->…
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Fuel Prices Rise in Nigeria as Depots Stop Loading on Election Fears
Adaobi Rhema Oguejiofor
Oil marketers have said that many depots have stopped loading fuel as a result of the uneasiness caused by the collation of the February 25 presidential election results across the country, which the APC!-->!-->!-->!-->!-->…
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