Energy
Oil & Gas and Power Sector related news
BPE announces plans to sell 5 Integrated Power Project GenCos
The BPE has invited investors who plan to purchase 100% of power generation companies from the NIPP to declare their...
Read moreDetails2021 Q1 Results: Arbico Plc reports a 94% decline in profit to N56.7 million in Q1 2021.
Arbico Plc released its unaudited results for the first quarter of the year (Q1, 2021). Revenue for the period was...
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Electricity: FG to inject 700MW to grid through Zungeru Hydroelectric – Minister
The Federal Government has announced that 700 MW will be injected into the National Grid by December 2021.
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Power Supply: Minister says ‘No’ to significant electricity tariff hike
The Federal Government has assured Nigerians that there is no plan to significantly raise electricity tariff.
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Oando court case: SEC says no AGM, as status quo remains
According to SEC, the Federal High Court Nigeria lacks the jurisdiction to entertain the dispute as the jurisdiction lies with...
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Gas Flaring: Nigeria and 6 others are top gas flaring countries – World Bank
Nigeria and 6 others have been listed by the World Bank as top gas flaring countries in the world in...
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Saudi Arabia to sell part of its stake in Aramco – world’s biggest oil company
The Saudi Crown Prince, Mohammed bin Salman, has revealed that Saudi Arabia is in discussions to sell a 1% stake...
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PIB: Bill on final journey to Senate, House of Reps for consideration – Lawan
The bill is expected to be signed before the end of May.
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IFC to provide $20 million debt finance to Nigerian off-grid power firm
This investment reflects IFC’s launch of the Climate Change Investment Program for Africa (CIPA).
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Electricity tariff to increase again as NERC seeks to conclude extraordinary review
The review, which is a minor one, began in the first quarter of 2020 and has remained inconclusive.
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