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AfDB, GEF, others partner to invest $55m in off-grid energy

A consortium comprising the African Development Bank Group (AfDB), Nordic Development Fund (NDF); multilateral donor trust fund, Global Environment Facility (GEF); and investors, Calvert...

NNPC vows there’ll be no fuel scarcity

The Nigerian National Petroleum Corporation, NNPC, on Tuesday assured Nigerians that there would no longer be fuel scarcity which had caused unbearable queues for...

Nigeria’s export of LNG, LPG amounts to ₦398 billion – NBS...

Nigeria earned N397 billion from the export of Liquefied Natural Gas, (LNG) and Liquefied Petroleum Gas (LPG), also known as cooking gas, in the...

Escravos-Lagos pipeline resumes gas supply leading to recovery of 1143Mw

The Escravos-Lagos Pipeline (ELP). damaged by fire last week, has been fixed, resulting in gas supply to customers on the line, including power generating...

Britain outlines plans for 2025 coal-power phase out

Britain will set an emission limit on coal-fired power generators from Oct. 1, 2025, forcing them to close unless they are fitted with carbon...

Exxon Mobil Corp. discovers oil in deep ocean waters off Guyana

Exxon Mobil Corp. is reporting another significant oil discovery in deep Atlantic Ocean waters off Guyana. The company says its Ranger-1 well hit a major...

FG collaborates GuarantCo on ₦10 billionn infrastructural bond

More avenues to tackle the nation’s epileptic power supply were unveiled yesterday as InfraCredit, a top-rated infrastructure credit enhancement facility, established by the Nigeria...

Full assessment begins on Escravos-Lagos pipeline fire, restoration of line

The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has ordered an immediate assessment of the damage caused by a fire...

Power generation drops by 3,182MW causing nationwide blackout

Power generation has dropped by 3,182 megawatts (mw) throwing most parts of the country into darkness. The drop has left the country with current generation...

10 modular refineries at advanced stages in Niger Delta – Osinbajo

Vice President Yemi Osinbajo has confirmed that 10 modular refineries were at advanced stages of development in the Niger Delta. According to his Special Assistant...

NEITI charges NNPC to account for $16.8bn dividends from NLNG

The Nigerian Extractive Industries Transparency Initiative (NEITI) has tasked the Nigerian National Petroleum Corporation (NNPC) to fully account for $16.8 billion dividends derived from...

Kaduna refinery loses ₦14.43 billion in 4-month due to inactivity

One of the nation’s refineries, Kaduna Refining and Petrochemical Company, did not process any crude oil from June to September this year and made...

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