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Nigeria imported 4.79 billion litres of petrol in second quarter 2018
The National Bureau of Statistics (NBS), said that 4.79 billion litres of Premium Motor Spirits (PMS) was imported into the country in the second quar...
Energy
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South Africa’s Eskom reaches “in principle” wage deal with unions
South African power utility Eskom and trade unions reached an “in principle” wage deal, the company said late on Wednesday, potentially ending weeks o...
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Nigeria recovers 693 power equipment containers abandoned at ports for 15 years
The Transmission Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at ports due to ...
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How oil exports, controlled imports aided Nigeria’s exit from recession
Nigeria’s recovery from economic recession slowly began in the second quarter of 2017 (Q2 2017) mainly because of oil exports and controlled imports, ...
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Nigeria’s crude oil production may rise by 180,000bpd next year
Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the devel...
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Transcorp to begin exploration of oil from OPL 281 in 2019
Transnational Corporation of Nigeria Plc has unfolded plans to convert its Oil Prospecting Licence (OPL) 281 asset (located in Delta state) to Oil Min...
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Nigerian DisCos distributed 93,219 prepaid meters within three months
Nigerian electricity distribution companies (DisCos) distributed 93,219 prepaid meters between January and March, according to data from the power sec...
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President Buhari promises to look into 13 percent derivation for oil states
President Muhammadu Buhari says his administration will look into the 13 percent derivation benefit to the Niger Delta region. Buhari gave the promise...
![]({"jaw_blog-16_9-small":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/11\/Oil-Pipeline-170x95.jpg","width":"170"},"jaw_blog-16_9-middle":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/11\/Oil-Pipeline-270x152.jpg","width":"270"},"jaw_blog-16_9":{"file":"https:\/\/bizafricadaily.com\/wp-content\/uploads\/2017\/11\/Oil-Pipeline-475x267.jpg","width":"475"}})
Nigerian Government renews 25 oil block licences, approves 16 field development plans
The Department of Petroleum Resources (DPR) says the federal government approved the renewal of 25 oil block licences and approved 16 new field develo...