Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.
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The Nigerian House of Representatives has opened an investigation into British officials for reportedly ignoring court decisions that cleared businessman Benedict Peters. These officials from the National Crime Agency, the …
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Energy TransitionIn the News
Federal Government Advances Clean Energy with Focus on Electric Vehicles and Renewables
In a response to global calls for energy transition, the Nigerian federal government announced intentions to tap into cleaner energy. They aim to develop and expand industries like renewable energy, …
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The Oil Producers Trade Section (OPTS), affiliated with the Lagos Chamber of Commerce and Industry, revealed Nigeria’s outstanding $1.3 billion debt to gas producers for supplied products. They urged the …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) cautioned companies supplying crude oil to private refineries. They must adhere to regulations or face serious repercussions for economic sabotage. As more private …
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To address energy concerns, German Chancellor Olaf Scholz initiates discussions with Nigeria and other West African nations. The focus is on importing more oil and gas. Scholz, on his third …
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In a significant move, AITEO, Nigeria’s leading oil producer, introduced a revolutionary oil transport method. The strategy supports President Bola Tinubu’s goal of increased oil production. Oil mogul Benedict Peters’ …
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In the changing landscape of global finance, oil refiners confront a significant challenge: securing funding. With environmental concerns reshaping fiscal policies, banks worldwide are retracting their financial support for fossil …
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In a stark reminder of the complexities of energy security, Ghana faces a significant setback as a gas supply shortage triggers a 550MW plunge in electricity generation, casting parts of …
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In a vigorous response to recent corruption allegations, Frontiers Healthcare Services (FHS) dismissed claims about its involvement in any fraudulent activities related to the Airport COVID-19 testing project. The company …