50 New Power Generation and Metering Licenses are Issued by NERC.
The Nigerian Federal Government granted 50 new power generation and metering permits in the last quarter of last year, according…
Category: Energy
According to NBS, Discos made N480 billion in Six Months.
According to the National Bureau of Statistics’ latest Electricity Report for the first quarter of 2023, despite a 1.74 percent…
States start the process of establishing utility commissioners under the Electricity Act of 2023.
There are significant signs that the state governments, which are considered to be federating units under the constitution, may have…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection Efficiency Increases.
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the collection efficiency of the…
Electricity Act: Manufacturers Predict a Sharp Decline in the Cost of Alternative Energy.
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp decrease in the…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET) inked a power purchase…
The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for commissioning.
Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has been finished, emphasizing that…
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, through Nigeria’s transmission…
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…
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 were not…
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 national grid…
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…
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 standard cubic feet of domestic gas…
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 installed for customers…
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 refiners have…
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 31.…
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 the…
As OPEC+ Reduces Output, the Price of Oil Increases.
After the voluntary production reduction by Organization of Petroleum Exporting Countries (OPEC) members and OPEC allies, collectively known as 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 the advantages…
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 2021.…
$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 industry, according to…
NNPCL to Increase Oil Reserves to 50 billion Barrels.
The Nigerian National Petroleum Corporation Limited declared on Tuesday that continued oil exploration in the country’s border basins will increase…
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 revealed that 59…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy Deal
The acquisition of the whole stake in Africa’s wind power platform Lekela Power has been finalized by Infinity Power, a…
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 year will exceed N674…
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 Stagnates.
Nigeria’s oil rig count remained constant at 13 during the month of February despite an increase of around 48,000 barrels…