KEY POINTS Geregu Power Plc has failed to make a scheduled payment on its N40.09 billion Series 1 senior unsecured bond, raising concerns about the company’s ability to meet its …
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KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has dissolved the board of directors of Kaduna Electricity Distribution Company, KAEDCO, over its failure to meet its financial obligations to the …
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KEY POINTS A major fire has broken out at Libya’s Zawiya oil refinery after a drone attack, prompting the country’s National Oil Corporation, NOC, to warn that it could stop …
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KEY POINTS The National Union of Mineworkers, NUM, has criticised President Cyril Ramaphosa’s approval of a task team to oversee the restructuring of Eskom, saying the plan may not serve …
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In the NewsMarketsOil & Gas
NNPC Rejects Allegations Against Bayo Ojulari, Highlights Growth in Nigeria’s Oil and Gas Output
KEY POINTS The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed allegations of poor performance and impropriety levelled against its management, insisting that available production figures show measurable improvements …
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KEY POINTS The Pipeline Infrastructure Nigeria Limited, PINL, has disclosed that the Nigerian National Petroleum Corporation, NNPC, secured more than $20 billion in gas sale and purchase agreements over the …
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Energy TransitionIn the News
Four Municipalities Hand Electricity Management to Eskom Under Transitional Agreements
KEY POINTS Four municipalities in South Africa have entered into agreements allowing Eskom to take responsibility for managing their electricity distribution businesses, in a move aimed at addressing financial, operational …
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KEY POINTS The Pan Niger Delta Forum,PANDEF, has commended President Bola Ahmed Tinubu for approving a 15-year gas supply framework for UTM Offshore Limited, describing the decision as a significant …
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Energy TransitionIn the News
Eskom Records Six-Year High in Power Availability, Cuts Diesel Costs by 83%
KEY POINTS Eskom has recorded its strongest year-to-date Energy Availability Factor, EAF, performance in six years, marking a significant improvement in the reliability of South Africa’s electricity generation fleet and …
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In the NewsMarkets
NNPC to Undergo Reform, Join Capital Market as Nigeria Targets $1trn Economy – Tinubu
KEY POINTS President Bola Tinubu has announced plans to reform the Nigerian National Petroleum Company (NNPC) and eventually list the state-owned energy company on the capital market as part of …