Ex-Depot Gasoline Prices Have Increased By 100% In The Last Four Months.
The ex-depot price of Premium Motor Spirit, also known as gasoline, had increased by 110%. According to the information, the…
Category: Energy
Nearly 800 Billion Euros Are Spent In Europe On The Energy Crisis
Researchers said on Monday that the cost for European nations to protect people and businesses from rising energy costs has…
Distribution Of Crude Oil Database From NMDPRA And CBN
The Central Bank of Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and other pertinent organizations are required to…
500 MW Power To Be Supplied To National Grid By Second Quarter.
GE Gas Power has said it is looking forward to pushing close to 500 megawatts (MW) of additional power into…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1 Billion.
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring…
Diesel prices rise 182.6% in a year as a result of high energy costs.
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of…
26 Power Plants Experience a Capacity Decline.
Out of the 29 power plants in the nation, 26 saw a 26% reduction in capacity, and three were completely…
Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and second…
Exxon is Getting Ready to Begin a $2 billion Texas Oil Refinery Expansion.
Exxon Mobil Corp (XOM.N) set to significantly increase the production of gasoline and diesel at its Beaumont, Texas, refinery, completing…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum sector, leveraging possibilities made…
Nigeria Selects 139 Companies to Commercialize Gas Flaring.
Nigeria, the largest economy in Africa, has been attempting to capture the gas emitted from its oil fields for export.…
EU Provides Solar Grid Facility Worth $3.4 Million to 76,000 Nigerians.
The Nigerian company Okra Solar has been given permission by the European Union (EU) to utilise a $3.4 million working…
Discos in Nigeria Increase the Price of Electricity Covertly, and Consumers Pay.
The rate paid by power consumers across the nation has been surreptitiously hiked by electricity distribution corporations. However, the Disco…
Nigeria: Power Generation Declines by 990MW, Costing Gencos N1.8 trillion.
According to the most recent data on the energy generating trend witnessed in Abuja, the available generation capacity in Nigeria…
Gas Supply Constraints Caused a 61% Revenue Loss for Geregu Power in The Third Quarter of 2022.
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of…
Afreximbank’s FEDA Purchases A Stake In Geregu Power Plc To Boost The Power Sector
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced that it has obtained…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen…
Flight Difficulties are Looming as the Shortage of Aviation Fuel Grows.
Domestic airlines operating under the auspices of the Airline Operators of Nigeria have alerted Nigerians to anticipate delays in regularly…
Gas Reserves: Nigeria FG Solicits Funding of N4 trillion
According to the Federal Government, N4 trillion will be needed in 10 years to fund the gas expansion plan. The…
Nigeria FG Starts 11 Power Projects and Plans to Generate 3,750MW.
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were finished, the…
After Weeks of Negotiations, EU Nations Agree on a Gas Price Cap.
The energy ministers of the European Union approved a gas price cap. The price ceiling was set at 180 euros…
Oil Increases on Anticipation for China’s Economy.
Oil prices increased as hopes that China would relax its Covid-19 restrictions outweighed worries that a global recession would reduce…
NEMSA Certifies 10,692 Power Projects and Inspects 15,931.
After reviewing a total of 15,931 projects across the nation, the Nigerian Power Management Services Body, a Federal Government safety…
Nigerias Power Sector Debt to NDPHC is at N100 billion.
According to Chiedu Ogbo, the managing director of NDPHC, the electricity industry owes the company more more N100 billion at…
Nigeria: Minister Says Buhari will Leave 22,000 Megawatts of Electricity by 2023.
Abubakar Aliyu, the Minister of Power, estimates that by 2023, the administration of President Muhammadu Buhari would have installed 22,000…
Energy Crisis Worsens in South Africa as Nation Experiences more Severe Power Outages.
Eskom has implemented higher stages of planned power cuts due to ongoing infrastructure failures at power generation facilities. The troubled…
Dangote Refinery Valuation to Soar Past $13.8bn on Completion
The European Union is looking for alternative sources of refined products as a result of the sanctions imposed on Russian…
Nigeria would Add 1 GW by 2027 Despite the Growth of Renewable Energy Globally.
Nigeria’s growth in renewable energy would reach 1 gigawatt (GW) by 2027, according to the International Energy Agency’s (IEA) 2022…
US and UK Promise to Keep LNG Trade at High Levels.
The UK has been affected by rising prices, but it is less dependent on Russian gas than the EU, and…
Nigeria FG Creates a Trading Platform for Consumers and Power Companies.
The Federal Government has announced that starting in 2023, electricity transactions will be conducted through an automated energy trading platform…