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Energy
Oil And Gas Is Best Performing Index In HY 2022 With 58% Gain
Russia’s invasion of Ukraine has led to a sharp rise in global oil prices; amounting to more than 100 dollars per…
OPEC Faces Critical Oil Production Decision As Nigeria Gets 1.826m Bpd August…
The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current…
Nigeria Lost N500.6Bn Crude Oil In Five Months – Investigation
Revenues accruable to Nigeria from the sale of crude oil crashed by about N500.6bn between January and May this…
FG Approves Reforms To Boost Non-Oil Revenue To N3.8 Trillion Annually.
The Federal Government through the Federal Executive Council (FEC) has approved reforms to boost Nigeria’s non-oil…
Oil Prices Take Breather After Three-Day Rally
Oil prices fell on Wednesday after rising in the previous three sessions, but it a limited loss on the view that…
Fuel Subsidy, Refinery Rehabilitation Gulped N1.3tn In Five Months – NNPC
The amount spent on petrol subsidy monthly has been depleting the revenues accruable to the Federation Account.…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that could…
As Russia Cuts Gas, German Industry Grapples With Painful Choices
The German companies that drive Europe's biggest economy are contemplating painful cuts to their output and…
Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand
Oil prices dropped by nearly $2 a barrel after another round of remarks from Federal Reserve Chair. Jerome Powell…
Kerosene, Gas Prices Rise 88% In One Year – National Bereau Statistics(NBS).
Primary cooking fuels, kerosene and Liquefied Petroleum Gas, otherwise referred to as cooking gas, recorded; 88%…
MTNN, OANDO Lead Giners By Value, With NGX Market Cap Up By N130 Billion.
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank.
The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022. As…
Nigeria Rallies Support For $13bn Trans-Saharan Gas Pipeline
The Federal Government charged all parties Nigeria, Niger and Algeria involved in the construction of the $13bn…
Cost Of 12.5kg Cooking Gas Hits N9,400 In May 2022, Highest In 3 Years
The cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria has increased from N7,000 in…
FG, NEXIM Sign $40m Women In Oil Sector Fund
The Federal Government and the Nigerian Export-Import Bank have signed a $40m intervention fund for women in the…
Schneider Electric develops micro grid solutions to boost energy transition
As part of efforts to support Nigeria’s commitment towardsnet-zero carbon emission, Schneider Electric has…
Blending off-spec fuel near completion, says MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says its members are close to the completion of blending…
UK to fund £10m energy projects in Nigeria
The United Kingdom announced on Monday its plan to inject £10m worth of aid to invest in energy access projects and…
Seplat, Sahara Group, others bid to buy Shell’s joint venture assets in Nigeria
Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development…
Europe Plan Production Of Green Hydrogen
Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will…
Jos Electricity Laments N115bn Owed By Consumers
The Managing Director, Jos Electricity Distribution Plc, Engr. Hashim Ibrahim Bakori has said post-paid customers…
IEA Chief Criticizes ‘Artificial Tightness’ In Energy Markets, Says Some Failed To…
The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful…
Nigeria’s 2060 Net-zero Projection
For Nigeria, it was revealed that the nation plans to zero out carbon emissions by 2060 through its Energy…
FG Raises Power Tariff December, Begins Free Meters Purchase
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to…
Search Engine “Ecosia” Launch $405 Million Venture Capital Fund For Climate Crisis
Ecosia, the search engine that uses its ad revenue no to plant trees, has launched a 350 million euro ($405…
French Development Agency Staked $70 Million To Bridge Nigeria Power Needs
To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD)…
Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as…