![]({"jaw_blog-16_9-small":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/10\/Afam-Fast-Power-project-170x95.jpg","width":"170"},"jaw_blog-16_9-middle":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/10\/Afam-Fast-Power-project-270x152.jpg","width":"270"},"jaw_blog-16_9":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/10\/Afam-Fast-Power-project-475x267.jpg","width":"475"}})
Review privatization of power sector, group tells Nigerian government
President Muhammadu Buhari-led administration should review the privatisation of the power sector to prevent the collapse of the economy, the Senior S...
Energy
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Nigeria’s finance minister okays IMF advice on subsidy removal
Finance Minister, Mrs. Zainab Ahmed, on Thursday, described the International Monetary Fund’s (IMF’s) advice to the Federal Government on the need to ...
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Squeezed by US shale, Nigerian oil propped up by Asian demand
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressu...
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Nigeria lost N205bn worth of petroleum products to vandals in 10 years
Between 2008 and 2017, Nigeria lost a total of N205.4 billion worth of petroleum products to vandals who hacked into petroleum products pipelines of t...
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Nigerian government to commence mass electricity metering May 1
The Nigerian Electricity Regulatory Commission (NERC) says it will begin mass metering for electricity consumers by May 1. Usman Arabi, NERC General M...
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Nigeria’s generated electricity further drops to 3,522 megawatts
Electricity Generation Companies (GenCos) say they released 3,522 megawatts of electricity into the national grid on April 7. GenCos made this known i...
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Oando sells 25% stake in Nigerian gas company to private equity firm Helios
Oando has sold its 25 percent stake in Nigerian gas and power company Axxela to majority investor Helios Investment partners for an undisclosed amount...
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Theft, sabotage responsible for hike in oil spill in Nigeria – Shell
Royal Dutch Shell last year experienced a sharp rise in the number of oil spills caused by pipeline theft in Nigeria, which the company said were the ...
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Saudi Aramco becomes world’s biggest profit producer, generating a net income of $111.1bn
Saudi Aramco has for the first time disclosed the financial performance it has kept secret for three-quarters of a century, revealing that the kingdom...
Oil-rich Equatorial Guinea to host OPEC summit despite lack of oil refinery
AFP news agency has reported on the irony of Equatorial Guinea hosting a summit for petrol-producing nations while the country itself rations supplies...