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Energy
Electricity Act: Manufacturers Predict a Sharp Decline in the Cost of Alternative…
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET)…
The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for…
Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has…
FG Disconnects Discos from National Grid Over Debt.
Millions of electricity consumers could be plunged into darkness in the coming weeks as the federal government,…
Nigeria Loses Contracts for Gas Export Due to Inadequate Investment.
Nigeria has lost gas export contracts worth billions of dollars due to a lack of investment in the sector. It was…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
…
FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia's invasion of Ukraine is altering global oil supplies is that U.S. and Canadian…
NNPCL Releases 515.99 ml of Petrol Each Week.
The 33 depots evacuated 515.99 million liters of Premium Motor Spirit (PMS) or gasoline between March 25 and March…
In March, Nigeria earned N1.8 trillion from oil exports.
Nigeria's earnings from crude oil export rose by N337 billion in March to reach N1.8 trillion. This occurred when…
As OPEC+ Reduces Output, the Price of Oil Increases.
After the voluntary production reduction by Organization of Petroleum Exporting Countries (OPEC) members and OPEC…
Removal of Subsidies Will Enable N7trn’
Dr. Muda Yusuf, the chief executive officer of the Center for the Promotion of Private Enterprise (CPPE), listed…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year…
$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.
Operators and regulators in Nigeria's oil sector have been charged with extensive acts of sabotage in the…
NNPCL to Increase Oil Reserves to 50 billion Barrels.
The Nigerian National Petroleum Corporation Limited declared on Tuesday that continued oil exploration in the…
NNPC Releases 418 million More liters of Gasoline.
Even while the year-to-date daily average maintained at 64.94 million litres over the time period, the data…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy…
The acquisition of the whole stake in Africa's wind power platform Lekela Power has been finalized by Infinity…
IBL Group-Led Partnership To Acquire Majority Interest In Equator Energy
Among its most recent initiatives are the sale of a majority share in Equator Energy Ltd. by Maris Ltd. and…
A Weekly Reduction in Natural Gas Prices is Anticipated.
The price of natural gas was trading up to $2.191 (+1.81%), however prices are falling week over week.The price of…
NNPCL Projects N674bn in Yearly Profit After PIA
The Nigerian National Petroleum Corporation Limited forecasted on Thursday that its profit for the 2022 fiscal…
Petrol Price Increased By 54.76% In One Year – NBS
The average retail price of a litre of gasoline rose from N170.42 in February 2022 to N263.76 in February 2023,…
Despite a Rise in February’s Crude Production, Nigeria’s Oil Rig Count…
Nigeria's oil rig count remained constant at 13 during the month of February despite an increase of around 48,000…
In Nigeria, 75% of the Power is Produced by Generators.
According to the most recent assessments from the Society for Planet and Prosperity, GCA Capital Partners, and…
Anger as NNPCL Hiring an Expatriate to Lead a Subsidiary
The nomination of Jean-Marc Cordier as the head of the Nigerian National Petroleum Corporation Limited's oil…
Inflation Can’t Reduce With High Fuel Price – Abuja chamber
According to the Abuja Chamber of Commerce and Industry, the price of Premium Motor Spirit, more commonly known as…
Eroton Remains OML 18 operator, MD Declared.
Eroton Exploration and Production Company Limited, on Wednesday, insisted that it remained the operator of OML-18…