By Ahmed Ayanfe To execute the first phase of the Presidential Power Initiative (PPI), the Nigerian government would need €2.3 billion, equivalent to N991.99 billion, using...
By Ahmed Ayanfe Nigeria’s custodian of data, the National Bureau of Statistics (NBS) has said the average retail price paid by consumers for petrol increased to...
The African Development Bank Group recently held a two-day workshop for electricity sector regulators and utilities on its annual flagship report, the Electricity Regulatory Index for...
By Ahmed Ayanfe Nigeria has lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245...
Nigerians are groping in darkness as the national electricity grid collapsed to a an infinitesimal nine megawatt on Sunday. Figures obtained on Monday from the Nigeria...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation...
African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of...
Officials of the Nigerian National Petroleum Corporation (NNPC) have been implicated in a series of corrupt deals involving bribery of the officials by a Swiss firm...
It was a harvest of praises by representatives of Nigerian shareholder groups who were at Seplat Energy Plc 9th Annual General Meeting (AGM) which held in Lagos...
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a 1.53% decline compared to 1.238mbpd recorded...
The Board of Directors of the African Development Bank (AfDB) has approved two loans amounting to $180 million to co-finance a major energy project that will...
Nigerians have had to deal with prolonged darkness a total of 2,495.3 megawatts of electricity not utilised nor distributed by power distribution companies in one week....
The Federal Government is planning to withdraw tariff shortfall, averaging N200 billion yearly, in the power sector by the end of the year. Between 2015 and...
The Federal Government through the National Oil Spills Detection and Response Agency (NOSDRA) has confirmed and regretted an oil leak from a 12-inch Benisede-Brass Creek Delivery...
The ongoing war by Russia in Ukraine is making the global oil market highly volatile, the Organisation Petroleum Exporting Countries (OPEC) declared on Monday. Speaking at...
The rising cost of crude oil will increase the cost of Nigeria’s gasoline subsidy by nearly ten times what it had originally budgeted, Nigeria’s President Muhammadu...
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request the just and equitable winding up of Lekoil Cayman...