Energy
18 Oct 2023
The challenges facing pipeline infrastructure in Nigeria and Africa at large will be the priority as stakeholders in the petroleum industry converge in Nigeria in the coming week. The conference is expected to among other issues address challenges of regulations, technology and security of Asset at the 2023 Nigeria International Pipeline Technology and Security conference,…
18 Oct 2023
An African-oriented energy security approach that would provide sustainable energy for the development is sacrosanct, stakeholders said at the 12th Emmanuel Egbogah Legacy Lecture Series in Port-Harcourt. Amidst push away from fossil fuel into renewable energy sources, the stakeholders noted that buying into a global agenda at the detriment of available natural resources may guarantee…
18 Oct 2023
Robert Dickerman is the Chief Executive Officer of Pinnacle Oil & Gas Limited. In this interview with Waliat Musa, he speaks on a wide range of issues in the downstream segment of the Nigerian oil and gas industry. Excerpts What is your take on pricing, investment and infrastructure in the downstream petroleum industry in Nigeria? The issues are…
13 Oct 2023
ARM-Harith Infrastructure Fund (ARMHIF) has unveiled an investment of $18.75 million into Elektron Power Infracom (EPI), a Mauritius incorporated decentralised energy platform dedicated to the delivery of hybrid energy solutions across West Africa, anchored with existing assets in Nigeria. EPI, sponsored by Elektron Energy Development Strategies Limited, comprises brownfield and greenfield power assets, will supply…
11 Oct 2023
Experts in the oil industry have said that gas availability may be hindered due to high production costs as the tariff paid by operators is denominated in dollars.
11 Oct 2023
Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering seven regulations that would aid the implementation of some fragments of the Petroleum Industry Act, especially contracts, commercials, revocation of oil and gas licenses.
11 Oct 2023
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) is optimistic that oil and gas production in Nigeria will experience a significant increase in the coming months.
11 Oct 2023
Shell companies in Nigeria have awarded contracts amounting to $1.9 billion to registered Nigerian contractors within a year. According to a 2023 Shell Briefing Note obtained by The Guardian, the oil multinational also paid $1.36 billion...
10 Oct 2023
With the completion of the construction and equipping of the West African Power Pool (WAPP) Information and Coordination Centre (ICC), the organisation is finalising arrangements to commence day-ahead electricity trading in the regional market. In a statement made available by General Manager, Public Affairs, Transmission Company of Nigeria (TCN), Ndidi Mbah, the firm said the…
4 Oct 2023
Industry stakeholders have expressed worry about over-reliance on the importation of solar panels in Nigeria, insisting that manufacturing the components locally remains more sustainable. International Renewable Energy Agency Following the consistent naira depreciation, the average cost of installing solar systems in the country reportedly rose by 120 per cent to N550,000 in 2023, from N250,000…
4 Oct 2023
A move by Nigerian Navy Holdings, through its subsidiary, Admiralty Exchange Limited in partnership with AYM Shafa Holdings, promises to curb the gas explosion in Nigeria and enhance domestic utilisation of the commodity. The development will also reduce the supply gap in the country as the government seeks to boost LPG supply to three million…
4 Oct 2023
While Africa is yet to find its path in the geopolitical landscape of renewable energy, China dominates the sector as jobs in the industry reached 13.7 million in 2022. The International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO) in the latest edition of ‘Renewable Energy and Jobs: Annual Review 2023’, released on…
Latest
6 mins ago
A Federal High Court, Abuja, on Tuesday, fixed May 10 for ruling on an application by former Governor of Kogi, Alhaji Yahaya Bello, seeking an order of setting aside the April 17 arrest warrant issued against him. Justice Emeka Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Kemi Pinheiro,…
12 mins ago
A 31-year-old Chinese tourist died after falling into an acidic crater lake in Indonesia’s East Java province, local media reported. The tourist was taking a selfie with her husband when she slipped and fell into the 75-metre-deep Ijen Crater in Banyuwangi district , Kompas.com reported on Tuesday. The couple’s tour guide said the woman had…
15 mins ago
The Nigerian government has said that every Nigerian borrower who goes for made-in-Nigeria product would get better terms on their credit facility. This was revealed by President Bola Tinubu's spokesperson Ajuri Ngelale during in an interview on TVC. "The president has put in a stipulation that we are going to be giving through the Consumer…
23 mins ago
The Federal High Court in Abuja has rejected the request made by a former governor of Kogi State, Yahaya Bello, that his order of arrest should be discharged. The court rejected the request on Tuesday after Bello who was absent at his arraignment said he is ready to make an appearance but he is afraid…
27 mins ago
Former Governor of Kogi, Alhaji Yahaya Bello, on Tuesday, prayed a Federal High Court, Abuja to vacate the arrest warrant order issued to the Economic and Financial Crimes Commission (EFCC) against him on April 17. Bello, through his lawyer Adeola Adedipe, SAN, made the application following an order by Justice Emeka Nwite, directing the EFCC…
39 mins ago
At least 16 people are dead and 28 missing in a new migrant boat disaster off the coast of the Horn of Africa nation of Djibouti, the UN's International Organization for Migration said on Tuesday. The accident occurred about two weeks after another boat carrying mainly Ethiopian migrants sank off the Djibouti coast, claiming several…
48 mins ago
The management of Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in some parts of Lagos and Ogun states over the recent power disruption. Mr Babatunde Lasaki, General Manager, Corporate Communications, EKEDC, made the appeal in a statement in Lagos. Lasaki said the problem was caused by a fault on Badagry Express…
55 mins ago
A Taiwanese father and son were each sentenced to eight years in prison for collecting confidential military information and trying to develop a spying "organisation" for China, a court said on Tuesday. Beijing claims self-ruled Taiwan as its territory and has ramped up military and political pressure on the island in recent years. The two…
1 hour ago
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…
1 hour ago
A Dana Air aircraft with registration number 5N BKI, flying from Abuja to Lagos on Tuesday morning, veered off the runway during landing operations at the Murtala Mohammed airport in Lagos. A statement signed by Mr. Kingsley Ezenwa, Head of Corporate Communications of the airline, said all the 83 passengers and crew members onboard were…