Energy
Oil & Gas and Power Sector related news
FG directs 9,000 filling stations to install gas facilities
The DPR ordered the filling stations to begin immediate installation and also update licenses.
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FG gives reason oil marketers are not yet importing petrol, stops monthly price fixing
The PPPRA added that the price of petrol will be determined by the forces of demand and supply.
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FG to provide solar energy to 5 million Nigerians within 12 months
This means that more Nigerians will have access to electricity via a reliable and sustainable solar system.
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Only customers with minimum of 12 hours electricity can have tariff increase – FG
The FG said it will protect Nigerians who can’t afford to pay cost-reflective tariffs from increases.
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Buhari says there is no provision for fuel subsidy in revised 2020 budget
President Buhari has today reiterated the need to do away with fuel subsidy.
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Deregulation: In whose interest?
Subsidy removal would free up the much-needed funds to be channeled into critical sectors of the economy.
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Petrol pump price increased to N151.56 per litre
The Pipeline and Product Marketing Company made the disclosure through an internal memo.
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Consortium of Western investors to inject upwards of $5 billion in Nigeria’s renewable energy sector
The group intends to deliver 1000MW capacity of Hybrid solar power within 24 Months.
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BUA Group chooses French giant, Axen, for its multibillion dollar refinery project
The new refinery is expected to be operational in 2024.
Read moreDetailsFG discloses when Nigeria will start exporting petroleum products
DPR announced that the importation of petroleum products would reverse when the new refineries resume.
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