AfDB Group approves $6 million grant to kick off Desert-to-Power West Africa energy program

Akinwunmi Adesina, Afdb, Africa’s GDP could fall by 3.4% in 2020 if COVID-19 continues – AFDB

The West Africa Regional Program will contribute to the overall target of 10,000 MW of new solar generation capacity, providing ...

Weak earnings by banks halt Nigerian stocks upside

by Olumide Adesina

November 22, 2020

Twenty-one (21) equities appreciated at price during the week, lower than sixty-nine (69) equities in the previous week.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

Crude oil prices drop, as OPEC+ meet today

by Olumide Adesina

August 19, 2020

Brent crude futures dropped about, or 0.75%, to trade at $45.12 a barrel by 05.37 am GMT.

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent Crude price trades at $45 per barrel, as fuel demand picks up

by Olumide Adesina

August 13, 2020

Brent crude held most of it gains from the previous trading session.

AfDB partners DFID to unveil $80m infrastructure financing for Africa, ADB launches $3 billion “Fight COVID-19” Social Bond, US calls for an independent probe of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to step down as Obasanjo says the bank risks being hijacked

AfDB invests $600 million in Africa’s renewable energy, discloses de-risk plan

by Fakoyejo Olalekan

January 24, 2020

About $600 million has been invested by the African Development Bank (AfDB) in Africa for the development of renewable energy in the ...

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

Russia indicates interest in Nigeria’s energy sector

by Chidinma Nwagbara

January 13, 2020

The Russian Federation has disclosed plans to enhance bilateral co-operation between with Nigeria to develop the latter's energy sector.

Nigeria, others secure AfDB’s $20m to improve renewable energy

by Chidinma Nwagbara

January 8, 2020

Nigeria and others have secured $20 million investment in the Metier Sustainable Capital International Fund II from AfDB.

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

Buhari votes for African energy corp’s $1 billion recapitalisation

by Chidinma Nwagbara

December 13, 2019

The Council of Ministers of APPO has been urged by President Muhammadu Buhari to support the $1 billion recapitalisation of ...

Tag: energy