Energy

Nigeria meter assets providers must accommodate 40 percent local content, says electricity market regulator, NERC

Nigeria's electricity market regulator, the Nigerian Electricity Regulatory Commission (NERC), has issued directive that every investment made in the meter…

Nigerian firm, Oranto Petroleum, wins oil exploration deal in Uganda

Nigeria’s Oranto Petroleum has signed two production-sharing agreements with Uganda to explore for oil and gas around Lake Albert, the…

Nigeria made N118trn from crude production in 53yrs – NBS

The National Bureau of Statistics (NBS) says Nigeria has realised more than N118 trillion from crude oil production and refining…

Indigenous oil and gas companies have capacity to achieve 80 percent of engineering design – NCDMB

Simbi Wabote, executive secretary of Nigerian Content Development and Monitoring Board (NCDMB), says Nigerian oil and gas companies have the…

Oil surges 2.5 percent, soothes cyber nerves

A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a…