Mass metering first phase to gulp N60bn, says FG The Central Bank of Nigeria (CBN) is providing N60 billion for one million electricity...
Nigeria begins construction of its $7bn NLNG Train 7 project Nigeria has flagged off construction of its Nigeria LNG Limited’s (NLNG) Train 7 project...
Brent price surpasses $74 per barrel to trade 32-month high Crude oil prices have jumped on growing demand optimism as Brent crude trades over...
FCMB boosts renewable energy support with N20.9bn credit First City Monument Bank (FCMB) said it has executed credit enhancement agreements worth N20.9 billion to support...
Solmont Technologies commits fresh $70m to solar panel manufacturing in Nigeria Targets 1,000 Megawatts annual generation In a bid to bridge the age-long electricity...
Nigeria ranks low as 1bn people gained access to electricity in 10 years Despite annual budget allocations to the power sector, the World Bank...
NIPCO controls 35% Nigeria’s LPG supply market – MD NIPCO supplied 35 per cent of Nigeria’s Liquefied Petroleum Gas (LPG) in 2020, as a...
Conoil posts N424m profit in Q1 2021 Conoil Plc, chaired by Nigeria’s business mogul, Mike Adeuga has published it financial scorecards for the first...
Oil rises on bullish API inventory report The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 439,000 barrels...
OML 118: NNPC signs deep-water agreement to unlock $10bn investments The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract partners have executed...
Global green bonds hit $1.1tn, says report A report by Climate Bonds Initiative, an international non-profit organisation dedicated to climate change solutions and promoting...
Nigeria imports 1.68 billion litres of petrol in January – NNPC Latest figures in the financial and operations report of the Nigerian National Petroleum...
Electricity consumers condemns proposed tariff hike Electricity consumers in Nigeria, on Sunday, “outrightly rejected” plans by the Nigerian Electricity Regulatory Commission (NERC) to review...
Shell records 73 oil spills across Niger Delta in 6 months The Shell Petroleum Development Company of Nigeria Limited (SPDC) experienced 73 oil spill...
OPEC+ to relax oil production cuts by 600,000bpd in May The Organisation of Petroleum Exporting Countries and its allies (OPEC+) seem set to ease...
Rising oil price, falling naira rate push petrol landing cost to N216.31 The twin factors of rising global oil prices and depreciation of the naira...
Nigeria: Electricity generation plunges below 4,000 megawatts Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle,...
We’ve invested $1bn in power sector – Tony Elumelu Tony Elumelu, Chairman of Transcorp Group and United Bank for Africa (UBA) Plc has disclosed...
FG begins installation of 100kWp power plant in Cross River community The Federal Government has begun the installation of a 100 Kilowatts Peak (KWP)...
Discos failed to pay N510.53bn in 2020 – NERC Power distribution companies (Discos) in Nigeria failed to pay a total of N510.53bn for the...