Natural gas has been described as a transition fuel that is ‘environmentally friendly, affordable, reliable, accessible and flexible.’ As countries face mounting pressure to reduce carbon emissions, natural gas...
NNPC tasks PETAN, others on gas, greenhouse emission
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged members of Petroleum Technology Association of Nigeria (PETAN) to focus more on gas development...
Electricity metering gulps N11 billion in four states as MAP scheme drags
No less than N11 billion has been invested in metering electricity consumers in Kogi, Abuja, Nasarawa and Niger States as part of efforts to bridge the shortfall in metering gap and reduce estimated billing of consumers in the country.
Moving Nigeria’s mining sector to maturation beyond hydrocarbons
Nigerian mining offers considerable potential gains as it is regarded as home to abundant, untapped reserves. While its tin, columbite and coal export industries, were central to the economy many years ago...
‘$81m cash, $123m loan invested in Abuja DisCo’s acquisition’
CEC Africa yesterday, in Abuja, said the company paid $81 million cash and raised $123 million loan security before acquiring Abuja Electricity Distribution Company (AEDC).
Investment in renewables drops in emerging markets
New energy investment in emerging economies slipped last year to US$133 billion, far from the 2017 record of US$169 billion, mostly due to a slowdown in China, BloombergNEF has said in its annual Climatescope report.
Imperatives of fixing the weak link in Nigeria’s power sector
For potential investors in Nigeria’s electricity value-chain, the challenge remains how to recoup their investments after service has been provided.
‘Oil prices may drop further on potential glut’
Global oil supply could continue to rise at a rapid pace in 2020, surpassing the increase in demand.
‘Rising population in Nigeria, others not proportionate with electricity supply’
African countries need to invest four times more in electricity than they are investing now in order to expand reliable supply to the whole continent, the International Energy Agency has warned.