Energy

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  NNPC’s Port Harcourt Refinery Company nets N11.2bn profit

  The Port Harcourt Refining Company (PHRC), a subsidiary of the Nigerian National Petroleum Corporation...

  • Posted January 17, 2015
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  Fitch: Nigeria, others risk downgrade if oil doesn’t recover

  There are likely to be credit rating downgrades for Nigeria and other oil producing...

  • Posted January 17, 2015
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  Power: FG to buy one million meters

  President Goodluck Jonathan has approved funds for the procurement of one million electricity meters....

  • Posted January 17, 2015
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  SEPLAT Petroleum refinances existing debt facilities

  Few days after its crude oil production was impacted by the recent acts of...

  • Posted January 17, 2015
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  Banks reduce lending to oil firms, airlines

  Companies in major sectors of the Nigerian economy are in for a tougher year...

  • Posted January 16, 2015
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  Oil prices will start rising mid-year – EIA

  By mid-year, oil prices are expected to start rising owing to a more balanced...

  • Posted January 16, 2015
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  NNPC refutes alleged N152bn expenditure on four refineries

  The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it did not budget or...

  • Posted January 15, 2015
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  Budget: Reps suggest $40-$45 oil benchmark

  Some members of the House of Representatives on Tuesday suggested that the crude oil...

  • Posted January 15, 2015
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  Crude oil prices near six-year low at $45 per barrel

  Oil prices on Tuesday dropped to nearly a six-year low with the prices of...

  • Posted January 15, 2015
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  Budget: Senate may propose $40 oil benchmark

  Strong indications emerged on Monday that the Senate would propose that the oil benchmark...

  • Posted January 14, 2015
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