The African Development Bank (AfDB), World Bank Group and key development partners have unveiled an initiative to connect 300 million Africans to electricity by 2030. Dubbed...
The land cost of premium motor spirit popularly known as petrol has declined by ₦32.35 from ₦955 per litre to ₦922.65 per litre. The adjustment reflects...
Africa’s largest crude oil producer, Nigeria, oil production is nearing its 1.5 million-barrel-per-day (bpd) quota set by OPEC+. This turnaround follows years of declining production driven...
The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval of a licence for MRO Energy Limited to construct a new...
Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo). Transgrid Enerco Limited...
Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s metering gap continues to widen with more than seven million electricity...
The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at its retail outlets. This increase is in response to rising global...
Oil prices remained steady on Wednesday as investors assessed the potential impact of U.S. President Donald Trump’s newly announced energy policies. Brent crude oil, against which...
Justice Adamu Turaki Mohammed of the Federal High Court, Port Harcourt, Rivers State, has ordered the arrest of 440 cargo of 150,000 metric tonnes of crude...
Nigeria may be better position for higher gains following the projections of the Organisation of the Petroleum Exporting Countries (OPEC) that global oil demand will increase...
