Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
A subsidiary of the Nigerian National Petroleum Corporation (NNPC) - National Engineering and Technical Company Limited (NETCO’s) operating profit increased by 130 percent from N2.07 billion in 2017 to N4.75 billion in 2018, its chairman, Mallam Bello Rabiu, has said.
Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.
Oando shareholder Olatunde Okelana warns SEC against abuse of power and not following due process at Okumo Oil annual general meeting.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.
The Pragmatic Shareholders Association of Nigeria has joined Oando PLC, its management team and Board of Directors, in calling the Securities and Exchange Commission (SEC) out for not availing the company with a fair hearing.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to bolster their productivity.
Mr Okey Nwosu, the Chief Executive Officer, Enugu Electricity Distribution Company (EEDC), has expressed concern over the incessant attacks on the company’s operational staff members in Aba.
The Independent Corrupt Practices Commission, ICPC, is set to prosecute the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET), Dr. Marilyn Amobi, for alleged gross abuse of office.
Nigeria earned about N85 trillion, or $236.2 billion from oil between 2014 and 2018, the 54th edition of Annual Statistical Bulletin by the Organisation of Petroleum Exporting Countries (OPEC), has revealed.
Kano Electricity Distribution Company (KEDCO) has launched a Joint Task Force (JTF) for its Katsina State zonal office to safeguard electricity installations and other equipment in the area from vandals.
Rivers State Governor Nyesom Wike has warned that the State Government will not tolerate the shutting down of oil production facilities of operating companies in the state.
A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets - some 20% of the oil-rich nation’s foreign reserves - over an aborted gas project.
1 Division Nigerian Army on Wednesday said, it has killed 24 criminal elements during its operation Harbin Kunama III in Kano, Kaduna and Niger states within one month of operation.
The Deputy Speaker of the House of Representatives, Mr Idris Wase, has urged workers in the National Assembly to create an enabling working environment for members of the federal parliament.
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked Senate President Ahmed Lawan to stop misleading Nigerians, adding that senators earn N15m monthly and not N750,000 as claimed by the Senate President.
The United Nations on Drug and Crime (UNODC) said cannabis is the most widely used drug globally with an estimated 188 million people having used the drug in the previous year.
Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.
Germany became the first team to secure their place in the last eight of the Women’s World Cup after Lea Schueller’s late strike completed a hard-fought 3-0 win over underdogs Nigeria on Saturday.
The Federal High Court in Lagos has issued a bench warrant for the arrest and production in court of Chief Executive Officer, CEO, of Innosson Nigeria Ltd, Innocent Chukwuma, and two others, over alleged fraud.
The United Nations High Commission for Refugees (UNHCR) has said that Cross River alone was hosting 75 per cent of the over 36,000 Cameroonian refugees in Nigeria.
Leadership of Afenifere and Yoruba leaders met with President Muhammadu Buhari on Tuesday, demanding that he recruits policemen, deploy same to all 774 local government areas to tackle insecurity in the country.
Seven people have died in a crash between a truck and a group of motorbikes on a rural two-lane road in the US.