Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country. BUSINESS METRICS gathered that this development was triggered by...
Simon Echewofun Sunday Nigeria continues to suffer from chronic shortage of electric power. The country has an installed electricity generation capacity of around 13,700 megawatts (MW)...
By Onikepo Braithwaite It is our hope that one thing the incoming administration will prioritise, is attracting Foreign Direct Investment (FDI). FDI is a must, for a...
Rising operation costs of Total Energies Marketing Plc have eaten into the its bottomline for the full year ended December 31, 2022 despite impressive rise in its...
Telecommunications companies in South Africa have been battling to survive due to electricity power supply challenges which has prompted the regulatory authority to introduced load-shedding. Helios...
Rosemary Iwuala Eroton Exploration and Production Company Limited has assured that it remains the Operator of Oil Mining Lease 18 (OML-18) in line with the provisions...
The Nigerian Communications Commission (NCC) has concluded arrangements to host an event to mark the 2023 World Consumer Rights Day (WCRD) in Abuja with spotlight on...
TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit...
By Sandra Orim Peter Herweck, the chief executive officer of AVEVA is billed to participate in the World Economic Forum 2023 (WEF 2023) in Davos, Switzerland...
In Niger, 14326 households (including 1719 women-led households) have benefited from solar energy infrastructure for domestic water supply, irrigation and livestock watering contribution of solar energy...
The management of Eko Electricity Distribution Company (EKEDC) has lamented that it is being owed over N116 billion by Ministries, Departments and Agencies (MDAs) of governments...
By Umar Suleiman The House of Representatives has asked the Federal Government, through the Nigerian Petroleum Development Company (NPDC), to suspend the planned auction of Oil...
Renewvia Energy and its local partner, Incremental Energy Solutions Limited, have signed a long-term power supply contract with United Bank for Africa to supply their branches...
Geregu Power Plc and Africa Export and Import Bank (Afreximbank) have started discussions on possible acquisition of the shares of the electricity power generating company (Genco),...
As REA Celebrates 1 million solar home systems connections The Rural Electrification Agency (REA) has inked a Memorandum of Understanding with CarbonA1 Inc, an Alberta-based solar...
By Dele Castro Ogun State Governor, Dapo Abiodun has disclosed that Gasoline Integrated International, expressed its readiness to build a N3bn refinery in Tongeji Island, Ipokia...
The Federal Government has disbursed a total of $64.8m and committed $392m for the development of off-grid electrification projects in the 36 states of the federation...
In line with its strategic intent to always provide solutions and business support for its customers, leading financial institution, Fidelity Bank Plc, has announced plans to...
Nigeria and other African countries will require an average of $200 billion power grid investments in tranches of $40 billion annually for about five years to...
By Umar Suleiman The Nigerian National Petroleum Company Limited and Addax Petroleum Company signed an asset transfer agreement on Tuesday to bring an end to the...