Energy
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14N6.2 trn Debt: GenCos Raise Alarm as Nigeria’s Electricity Crisis Worsens
BY BONNY AMADI A debilitating debt of N6.2 trillion owed the Power Generating Companies (GenCos) in Nigeria, for eleven years is currently...
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22AfDB Powers Eight Nigerian Universities with 36.5 MW Solar Hybrid Stations
At Nigeria’s Federal University in Lafia, in the north-central part of the country, a new solar hybrid project financed by the African...
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18CMAN Lauds Tinubu’s Executive order on oil/gas revenue
The Capital Market Academics of Nigeria (CMAN) has commended President Bola Ahmed Tinubu, for what it termed as” his bold and historic...
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27Tinubu Mandates Direct Oil, Gas Revenue Remittance to Federation Account
BY BONNY AMADI President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation...
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29Naira Strengthens Amid CBN FX Sales; Oil Prices Dip on Lower Demand Outlook
The Nigerian naira strengthened against the U.S. dollar last week, gaining 0.80% in the official market to N1,355.42 and 2.69 per cent...
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22Nigeria’s 1.45m bpd Crude oil production largest in Africa….OPEC
BY BONNY AMADI Nigeria retained its position as the largest crude oil producer in Africa after an increase in the country’s January...
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35Transcorp Power Revenue Peaks @ N398.27bn, 30% Y/Y Growth in 2025
Proposes N4.00 Final dividend Transcorp Power Plc (“Transcorp Power”) one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc...
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50Foreign Firms only, have capacity to work in offshore exploration —Lokpobiri
Heineken Lokpobiri, minister of state for petroleum resources (oil), says local companies cannot do any work in offshore exploration. Lokpobiri said only...
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46Oando Reports Profit-After-Tax Up 10% to N241.3 billion
As Upstream Production Rises 32% in FY 2025 Oando PLC, Africa’s leading indigenous energy solutions provider, has published its unaudited results for...
