Energy
Oil sets new seven-month low on trade tensions
Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for...
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Crude Oil Trade: Nigerian liftings up in July as the USA strengthen their share
August didn't start well for the West African crude oil producer. Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),...
Read moreDetailsNigeria’s oil producing states stuck in debt trap
The oil-producing states are the most indebted across the country despite the huge derivation revenue accruing to them, Daily Trust...
Read moreDetailsOil prices drop as U.S.-China trade war fuels growth concerns
Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trump vowed to escalate the...
Read moreDetailsElectricity generation drops to 2,492MW
Electricity generation in the country fell below 2,500 megawatts on Saturday amid low load demand by the distribution companies. Total...
Read moreDetailsNigerian oil union suspends industrial action planned over Chevron dispute
One of Nigeria’s main oil and gas trade unions said on Friday it had suspended planned industrial action related to...
Read moreDetailsNUPENG threatens industrial action in Chevron dispute
One of Nigeria’s main oil and gas trade unions on Thursday threatened to take industrial action over a staffing dispute...
Read moreDetailsNigeria’s Oando oil production profits slide 16% in six months
JSE-listed Nigerian oil company Oando plc saw its profits after tax declining by 16percent in the six months to end...
Read moreDetailsDangote refinery sets sail from China -Sinopec
A piece of equipment that will process crude oil for Nigeria’s Dangote refinery set sail on Monday from China, oil...
Read moreDetailsOil gains on prospect of U.S. interest rate cut
Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed...
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