Energy

FEC okays $1.9bn to increase power supply from 5,000 to 7,000 megawatts

The Federal Executive Council (FEC) has approved $1.9 billion for the procurement of equipment for the nation’s power sector to…

4 years ago

Intelligent World 2030 report: More food, renewable energy, no traffic globally by 2030

“Mankind will live a better life in 2030, with more food, larger living spaces, renewable energy, digital services, and no…

4 years ago

Kyary: NNPC working hard to crash high cooking gas prices

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Malam Mele Kolo Kyari, on Monday explained that the…

4 years ago

Nigeria regains top crude oil production spot in Africa – OPEC report

Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging…

4 years ago

NNPC moves from N37.46bn trading deficit to N141.96bn surplus

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion recorded in June 2021, compared…

4 years ago

BPE endorses UBA’s interim management team for AEDC

The Bureau of Public Enterprises (BPE) has endorsed the five persons nominated by UBA to serve as members of the…

4 years ago

Oil sector requires $11.8trn investments before 2045 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says that investments of $11.8 trillion will be required between 2021 and…

4 years ago

FG: Why UBA appointed interim management for Abuja DisCo

The Federal Government has explained the circumstances surrounding Tuesday’s appointment of an interim management for the Abuja Electricity Distribution Company (AEDC).…

4 years ago

Nembe Oil Spill: Aiteo shuts leaking well

The leaking well at Oil Mining Lease (OML) 29, operated by Aiteo Eastern Exploration and Production Company in Nembe swamps…

4 years ago

UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s floating LNG project

UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion for…

4 years ago

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