Energy

Oil prices to average $62.50 in 2020 as oversupply to persist

Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply…

Chevron puts two Nigerian offshore blocks up for sale

Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen…

Nigeria saves 30% of petrol use, says Customs CG

Nigeria’s fuel consumption has reduced by 30 per cent since the stoppage of petrol sale at towns/villages within 30 kilometres…

Discos reject 8,848MW of electricity in one week

Power distribution companies in the country left a total of 8,848.24 megawatts of electricity unused in one week, latest data…