Energy

Fuel queues hit Lagos, Abuja amid Dangote refinery-PENGASSAN standoff

Nigerian crude oil prices fall as OPEC+ signals output hike, Iraq restarts exports

PENGASSAN to call off strike after FG mediation in Dangote Refinery dispute

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Energy

Oil & Gas and Power Sector related news

IFC to provide $20 million debt finance to Nigerian off-grid power firm

April 27, 2021

This investment reflects IFC’s launch of the Climate Change Investment Program for Africa (CIPA).

GencosArnergy secures $9 million from investors, Electricity poles, Transmission Company of Nigeria, TCN to ban Ikeja Electric Eko Discos and Enugu Discos, Discos, power supply in Nigeria, Association of Nigerian Electricity Distributors,ANED, PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector, GenCos to shut down over NBET's administrative charge , DisCos fail to distribute 8,848.24 megawatts of electricity - TCN , Crisis rocks SSAEAC as association leaders accuse each other of sabotaging power grid, Power: No solutions yet

Electricity tariff to increase again as NERC seeks to conclude extraordinary review

April 27, 2021

The review, which is a minor one, began in the first quarter of 2020 and has remained inconclusive.

My Government Will Clean Up Ogoniland – Buhari

Muddying the waters: Okordia-Rumuekpe spill and Shell’s recalcitrance

by Caleb Adebayo

April 27, 2021

With a plethora of laws and regulations in Nigeria, it is inconceivable how big oil companies continue to pollute the...

BOC Gases Nigeria Plc records a 40% dip in profit to N60.2 million in Q1 2021.

by Chidi Emenike

April 26, 2021

BOC Gases Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021). Revenue for the...

Youth investment fund, FG disburses MSMEs Survival Fund in Lagos, Kano, FCT and 9 other states, Buhari gives reason for silence on Lekki Tollgate shooting, President Buhari approves N10 billion for National Census

FG says World Bank report on Nigeria’s daily electricity supply is inaccurate

by Abiola Odutola

April 26, 2021

The data from NERC is that 55% of citizens connected to the grid are in tariff bands D and E...

Total Nigeria caught in the oil demand and lockdown saga

Business News

Total suspends Mozambique $20 billion LNG project indefinitely, declares force majeure

April 26, 2021

The suspension follows an escalation of violence in the area, which includes jihadist attack by Islamic State-linked militants.

Abuja, Ikeja Discos top list in collection efficiency in Q1 2020- NERC, Estates in Lekki increase electricity tariff to N105/kWh, Eko Electric, Ikeja and 5 others to face NERC sanction for non-compliance, CBN reveals framework for financing National Mass Metering Programme (NMMP), Nigeria ranks eight African country with well-developed electricity regulatory frameworks, as Uganda tops.

World Bank: 62% of Nigerian power consumers believe sector is inefficiently managed

by Abiola Odutola

April 25, 2021

About 82% of consumers are unaware of tariff band classifications.

DISCLAIMER: Ex-Cavendish MD distances self from alleged statement on OML 110

Reversal of Addax lease revocation: victory against arbitrariness

by Ifeanyi Onuba

April 25, 2021

Addax has significantly reduced spending on the blocks and has been consistent in requesting for fiscal and/or commercial incentives to...

FG to begin online registration, monitoring of petrol stations, depots

Business

Why President Buhari overruled DPR and restored 4 oil blocks to NNPC/Addax

April 24, 2021

The decision to return the operating license on the 4 oil blocks was taken by the President to avoid any...