International Energy Agency
Nigerian automakers struggle with electric vehicle evolution
Despite the challenges bedevilling Nigeria’s automotive sector, some assemblers have expressed interest to invest in the production of electric vehicles (EVs) in the country.Experience has shown that Nigeria usually turned out to be a dumping ground for a variety of banned products.
Investment in oil, gas essential over declining production
In the longer-term, investment in oil and gas remain essential to meet demand and replace declining production, according to the latest report by the International Energy Agency (IEA).
Nigeria loses out on global energy investment chart
A source said the Minister of Power, Works and Housing, Babatunde Fashola, received report on the debt in his office on Wednesday, adding that the Debt Management Office (DMO) had initiated a pay-off plan.
IEA says oil glut remains a major dampener on prices
The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-OPEC production, the International Energy Agency said on Wednesday.