Energy
Oil & Gas and Power Sector related news
FID on $25 billion Nigeria-Morocco gas pipeline to be taken in December
The Group CEO of the Nigeria National Petroleum Company Ltd (NNPCL), Mr. Mele Kyari has stated that the Final Investment...
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AEDC’s case against FIRS over N5.3bn tax debt stalls due to failure to comply with court order
The legal proceedings between the Abuja Electricity Distribution Company (AEDC) and the Federal Inland Revenue Service (FIRS) have hit a...
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CBN Intervention Funds: DisCos receive N53.3 billion for meters under NMMP
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank...
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Savannah Energy acquires 49% stake in Stubb Creek oil and gas field in Akwa-Ibom
Savannah Energy has finalized agreements valued at $60 million to acquire Sinopec International Petroleum Exploration and Production Corporation (SIPC) 49%...
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CBN Intervention Fund: Power Sector gulps N2.3 trillion as of 2023
Nigeria's power sector has gulped an estimated N2.3 trillion in intervention fund since it was first initiated in 2015.
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Chinese President Xi Jinping sets to invest in post-oil Angola
Chinese President Xi Jinping said he would support Chinese firms investing in Angola’s agriculture and manufacturing sectors as Angola seeks...
Read moreDetailsFG begins mass metering program across Army formations nationwide
The federal government has launched the mass metering program for Nigerian Army facilities nationwide, committing to eliminate estimated billing in...
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Nigeria oil margins hit $37 a barrel as Brent Crude sell for $85 a barrel
Brent crude oil futures increased by 40 basis points to $85.66 a barrel.
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Port Harcourt refinery resumes operations in 2 weeks, gets 450,000 barrels of crude
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has revealed that the Port Harcourt...
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FG eyes LNG-CNG transition for NRC locomotives to boost sustainability
The Federal Government, through the Ministry of Transportation, is considering the transition of the Nigerian Railway Corporation’s (NRC) locomotives to...
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