Energy

Divestment to hit Nigeria's oil sector in 2022

expect to see more divestment by oil majors from selected assets because things are not working as they should be

TCN Upgrades 330kV Transmission Line Between Kaduna and Jos To 1500MW

TCN has made plans to continue supplying bulk energy to Jos Distribution load centres in Jos via the Makurdi 330kV lines 1 and 2, minimizing the impact of the capacity enhancement and ensuring that the project is completed on December 15th, as planned.

Nigeria intends to increase oil production by 310 % to 4 million barrels per day

According to the most recent official figures from OPEC, Nigeria presently produces little under 1.3 million barrels per day.

NNPC sales are being squeezed due to subsidy payments, according to FAAC.

Nigeria has laid out plans to end petroleum subsidization, but progress has been slow.

Payment of Fuel and Electricity Subsidies to End in June - FG

lifeline tariffs and other relief initiatives are sufficient to shield poorer households from rising energy costs

Nigerians owe N273.42bn electricity debt in 2020

sales deficit of N273.42 billion in 2020, compared to N230.96 billion in 2019

Less than 72 Hours After Celebrating Electricity in Borno, Terrorists Bomb Power Supply Again

incident which occurred at about 5.56 a.m. on March 27

Nigerian Government to Reduce Fuel Price Below N100 Per Litre

Ita Enang, the President's Senior Special Assistant on Niger Delta Affairs, announced this at a press conference in Abuja on Tuesday.

Yola DisCo, Other Refineries Set For Sale to Fund 2021 budget – BPE

document shows that the government would receive from the energy department the maximum amount of N484.4 billion.

Nigerian villagers Defeated Shell in Oil Pollution Case

Royal Dutch Shell said in a statement on Friday that it was "disappointed" with the ruling.

60MW Dadin Kowa hydropower plant Connected to National Grid by FG

As of 6am on Sunday, total power production in the country stood at 4,482.55MW, down from 4,658.90MW on Saturday.

BREAKING: Buhari Signs Agreement To Import Petrol From Niger Republic

Sylva expressed delight over the development, describing it as another huge step in developing trade relations between both countries.

Nigeria needs $2 billion to provide 80 million people with electricity - REA

The concern of the agency is not just to have electricity but a consideration of the transformation of economies with the provision of power

Nigeria receives $200m loan for NEP to address energy access deficit

Nigeria has already implemented one of the most comprehensive regulatory frameworks for off-grid development in Africa and has attracted preliminary interest from both large international companies and local firms.

Fuel scarcity looms as govt bans big-capacity trucks

NARTO is particularly concerned about the sudden and prompt nature of the ban.

Fuel scarcity looms as govt bans big-capacity trucks

NARTO is particularly concerned about the sudden and prompt nature of the ban.

Gombe partners Energy Commission of Nigeria to create hub in the State

The disposition of the governor towards making Gombe the energy hub of the northeast is very positive

Despite Warning by OPEC to Members to stick to quotas, Oil rises

The Saudi Arabian energy minister said it would hurt those who bet on oil prices "like hell."

NNPC Releases Latest Financial & Operations Report

The Nigeria National Petroleum Corporation (NNPC) has released its monthly Financial & Operations Report for April 2020.

NNPC Justifys How They Selected Over 1,000 New Recruits

During the exercise, the former chief operating officer, upstream, Roland Ewubare was re-deployed as COO to the directorate of ventures and business development.

Algeria set to build $3bn solar power plant

Solar energy, for which the country has plenty of capital, only supplies 2 per cent of the country's electricity produced.

In one year, Nigerians spent around 2,5 trillion on petrol

NNPC earns ₦211.62 billion from products’ sales

BREAKING: U.S. crude prices down to $0 per barrel

As the world's factories and machines are grinding to a halt, demand for oil as notified amid falling prices.

FG offers N200bn to power sector to boost supply

We are very confident that this will get the desired result

Protesters block roads in the capital of South Darfur over fuel crisis in Sudan

The fuel crisis led to a rapid increase in public transportation tariff, which prompted a protest that locked the Nyala-Kass Road on Thursday

Nigeria will start generating 1,412 to 1,579 million bpd, Minister says

This is in addition to condensate production of between 360-460 KBOPD of which are exempt from OPEC curtailment

Nigeria lost nearly 240 billion to electricity companies because of unused capacity

Nigeria entered the avoidable financial trap by inadvertently signing what industry observers described as the 'Take or Pay Agreement,'