Nse Anthony

He noted that with crude oil reserves of more than 37 billion barrels and the 6th largest world producer, the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the north eastern part of the country will only accentuate the prosperity and growth of Nigeria in the comity of nations.

The Rural Electrification Agency, (REA), has disclosed that it spent a total of N28.7 billion for the implementation of capital projects in 2023.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the approval of the divestment deal between Oando and Nigerian Agip Oil Company (NAOC) followed due process and was done in compliance with existing regulations.

The Nigerian National Petroleum Company (NNPC) Limited and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL) is targeting an oil production rate of 165,000 barrels per day (bpd) by December 2024.

Electricity Distribution Companies (DisCos) in the country are now seeing an increasing improvement in their billing efficiency, after the removal of subsidy for Band A customers, thus allowing them to charge cost-reflective tariff

NBA Africa has unveiled the list of 10 startup companies from seven African countries selected for the Demo Day at the NBA headquarters in New York City slated for Wednesday, September 25.

Stakeholders have rallied in support of the Nigerian Bulk Electricity Trading (NBET) Plc as it seeks the renewal of its trading licence.

The Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Refinery have sharply disagreed over the pricing of Premium Motor Spirit (PMS) produced from the Refinery.

Nigerians' hopes of some relief from the cost of living crisis in the country have been dashed as petrol from the newly launched Dangote Refinery is being sold at prices higher than expected, as the Nigerian National Petroleum Company Limited (NNPC) fixed new estimated petrol pump prices across all states.

The federal government, in collaboration with the World Bank, has deployed an advanced Supervisory Control and Data Acquisition (SCADA) system, a significant step towards enhancing the stability and reliability of the national power grid.