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Abiola Ajimobi, Rauf Aregbesola, others lead APC reconciliation committees

Nigeria’s governing party, APC, has set up six committees to resolve the crises from its primaries across the country.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil price stabilises over supply cut by OPEC

Oil prices rose by one per cent yesterday as traders expected top exporter Saudi Arabia to push the Organization of Petroleum Exporting Countries (OPEC) to cut supply toward year-end.

DMO, oil marketers to meet over payment of subsidy arrears

The meeting, which is at the instance of the DMO is designed to provide an opportunity for the debt management agency to explain the process for the issuance of promissory notes to settle outstanding arrears due to the marketers as well as provide a ‘Status Report.’

Babatunde Fashola: 37 universities to be powered by solar

The Minister of Works, Power and Hosing, Babatunde Fashola, Monday, said the federal government would deploy solar energy systems to 37 universities in the country.

Shell: How we’ve supported infrastructure growth in Rivers

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding.

Alexander Novak: Russia plans to sign OPEC partnership deal

Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday.

Federal government urged to harness energy sector potential

An energy expert, Sam Aiboni, has called for optimal harness of potential in the oil and gas sector of the economy.

Yuletide: DPR assures Nigerians of adequate fuel supply

The Department of Petroleum Resources (DPR) has allayed fears of Nigerians, especially Plateau citizens that there might be scarcity of fuel during the yuletide season.

N800 billion subsidy debt: Banks take over assets of oil marketers

For their inability to service their huge debts, Deposit Money Banks (DMBs) have taken over the assets of some defaulting oil marketers.

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.

How GIS aided EEDC in mapping electricity network in South East

The Enugu Electricity Distribution Company (EEDC) says it has recently mapped the entire electricity network in South-East using Geographic Information System (GIS) to improve its operations.

NERC blames estimated billing on low metering

The Consumer Affairs Commissioner of the Nigerian Electricity Regulatory Commission, Dr Moses Arigu, has identified low metering as a factor responsible for estimated billing by electricity distribution companies.

Federal government renews licences for Seplat’s three oil blocks

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.

DPR cautions depot owners over unlicensed marketers

The Department of Petroleum Resources (DPR) in Cross River, has cautioned depot owners against selling petroleum products to unlicensed marketers.

Official: We will guard against fuel scarcity in Kogi

The Petroleum Products Monitoring Committee in Kogi has assured members of the public in the state of its resolve to guard against fuel scarcity, particularly during festive and electionering periods in the area.

NERC establishes customers complaint office in Bauchi

As part of efforts to enhance service delivery to electricity consumers in Bauchi State and its environs, the Nigerian Electricity Regulatory Commission (NERC) has established a Customer Complaints Forum office in Bauchi metropolis with a charge to customers who are yet to be metered despite paying in advance for their prepaid meters, to properly lodge their complaints at the commission’s forum office rather than vent their anger through violence on electricity workers.

Maikanti Baru lauds Saudi Arabia for crude oil output cut

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Dr. Maikanti Baru, has commended Saudi Arabia’s recent decision to announce daily crude oil production cut by one million barrels per day from December this year.

TCN attributes outage in Benin City to maintenance work

The Transmission Company of Nigeria (TCN) has attributed the outage being experienced by electricity consumers in Benin City to maintenance work being carried out by Benin Electricity Distribution Company (BEDC).

Recent Stories

Police vows to track down killers of DELSU student

The Police in Delta State has vowed to track down killers of the Delta State University (DELSU) student, Elizino Joshualia Ogege who was gruesomely murdered by persons suspected to be ritual killers.

Farouk Lawan demanded $500,000 bribe – Femi Otedola tells court

Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.

Yahaya Bello promises N100 million reward for information on aide’s killers

Governor Yahaya Bello of Kogi has promised a N100 million reward to anyone with information that could lead to the arrest of those that killed Malam Yusuf Adabenege, his Special Adviser on Culture and Tourism.

Kogi: Why we shut telecoms facilities

The Kogi state government on Wednesday countered the claims of the Association of Licensed Telecommunications Operators (ALTON) over the shutting down of facilities in the State, saying the action was based on court orders.
Turkish President Recep Tayyip Erdogan makes a speech during Turkey's ruling Justice and Development (AK) Party’s provincial chairmen meeting at the party headquarters in Ankara on March 30, 2018. - AFP PHOTO - ADEM ALTAN

Recep Erdogan takes aim at George Soros over jailed Turkish philanthropist

Turkish President Recep Tayyip Erdogan on Wednesday accused George Soros of aiding a jailed Turkish philanthropist facing hugely controversial charges of seeking the overthrow of the government, describing the Hungary-born American billionaire as a "famous Hungarian Jew".