The Transmission Company of Nigeria (TCN) has attributed the power grid collapse to gas constraints at Ibom Power Plant, feeding Eket, Ekim, Itu and Uyo transmission...
The Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria will meet and surpass the 2024 crude oil production budget benchmark of 1.7 million...
The Board of Directors of the African Development Bank Group (AfDB) has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and...
The Nigerian energy sector underperformed in the second quarter of the year as the sector witnessed a decline in electricity and crude oil production due to...
The Presidential Compressed Natural Gas Initiative says N100 billion has been earmarked to facilitate the deployment of CNG buses across the nation. This information was contained...
By Umar Suleiman Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery. This is as the much-anticipated project begins...
About 3,000 barrels of crude oil were lost to the November 15 oil spill from offshore Egina Floating Production Storage and Offloading (FPSO) vessel of TotalEnergies....
The Federal Government of Nigeria on Monday finally emerged victorious in its legal case against Process & Industrial Developments (P&ID) Limited in a United Kingdom (UK)...
The Federal Government, on Sunday, announced that it attracted over $2bn in investments in the renewable energy sector over the past decade. It announced this through...
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has signed two contracts with Kent, the leading engineering company in oil and gas...
A new partnership deal between the National Agency for Science and Engineering Infrastructure (NASENI) and the Rural Electrification Agency (REA) has been targeted at crashing the...
After many years of global talks around diversifying from fossils to reduce carbon emission, fossil fuels have continued to constitute over 80% of global energy mix....
The Government of Korea and the African Development Bank (AfDB) on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The financing deal...
By Umar Suleiman A fall in Nigeria’s oil production below its allowable quota by over four million barrels in July has led to loss of potential...
Major and independent petroleum product marketers in Lagos State have shut down their dispensing outlets over speculation of possible hike in pump price of Premium Motor...
Efforts are on top gear by the Nigerian Communications Commission (NCC) to introduce a policy to encourage green energy usage in the country’s $75.6 billion-worth telecommunications...
The Central Bank of Nigeria (CBN) has said Nigerians can receive naira for diaspora remittances. The CBN gave the directive in a circular no TED/FEM/PUB/FPC/001/004 to...
By Sandra Orim Canadian energy firm, WATT Renewable Corp. is working towards raising about $100 million by the end of 2024 to expand its business of...
Nigeria’s electricity export has earned the country a total of $369.22 million in the last two years, BUSINESS METRICS has gathered. Data obtained from the Central...
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488...