Energy
Oil & Gas and Power Sector related news
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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Muddying the waters: Okordia-Rumuekpe spill and Shell’s recalcitrance
With a plethora of laws and regulations in Nigeria, it is inconceivable how big oil companies continue to pollute the...
Read moreDetailsBOC Gases Nigeria Plc records a 40% dip in profit to N60.2 million in Q1 2021.
BOC Gases Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021). Revenue for the...
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FG says World Bank report on Nigeria’s daily electricity supply is inaccurate
The data from NERC is that 55% of citizens connected to the grid are in tariff bands D and E...
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Total suspends Mozambique $20 billion LNG project indefinitely, declares force majeure
The suspension follows an escalation of violence in the area, which includes jihadist attack by Islamic State-linked militants.
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World Bank: 62% of Nigerian power consumers believe sector is inefficiently managed
About 82% of consumers are unaware of tariff band classifications.
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Reversal of Addax lease revocation: victory against arbitrariness
Addax has significantly reduced spending on the blocks and has been consistent in requesting for fiscal and/or commercial incentives to...
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