KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …
© 2024 Energy News Africa Plus. All Rights Reserved.
In the News
-
-
KEY POINTS Nigeria’s crude oil exports are projected to fall by about 14 per cent in March, with scheduled loadings for four major crude grades estimated at roughly 793,000 barrels …
-
Energy TransitionIn the News
South Africa Approves 35% Power Tariff Cut for Struggling Ferrochrome Smelters
KEY POINTS South Africa’s energy regulator has approved an application by state-owned power utility Eskom to reduce electricity tariffs by 35 per cent for two distressed ferrochrome producers battling high …
-
In the NewsMarkets
Nigeria Raises ₦501bn in Fully Subscribed Power Sector Bond to Clear Legacy GenCos’ Debts
KEY POINTS The Federal Government of Nigeria has successfully raised ₦501 billion through its inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), achieving 100 per …
-
Energy TransitionIn the News
Voltage Disturbance at Gombe Substation Responsible for Partial National Grid Collapse
KEY POINTS The Nigerian Independent System Operator, NISO, has traced Tuesday’s national grid disturbance to a voltage fluctuation at the Gombe Transmission Substation, clarifying that the incident did not amount …
-
In the News
Niger State, Islamic Development Bank Partner on $163m Solar Plant to Power Agriculture and Industry
KEY POINTS The Niger State Government has entered into a partnership with the Islamic Development Bank (IsDB) to develop a $163 million solar electrification project aimed at boosting electricity supply …
-
KEY POINTS Nigeria’s energy conversation has long been dominated by a familiar promise from the Dangote Group: once local refining begins at scale, fuel will become cheaper, scarcity will disappear, …
-
Energy TransitionIn the News
Nersa Queries Eskom’s Smelter Tariff Relief Plan as Funding Gap and Legal Hurdles Loom
KEY POINTS Members of South Africa’s energy regulator, the National Energy Regulator of South Africa, Nersa, have expressed uncertainty over Eskom’s request for an interim electricity tariff for Samancor and …
-
KEY POINTS The Nigerian Railway Corporation, NRC, has announced plans to deploy Liquefied Natural Gas, LNG-powered trains and expand Nigeria’s rail network to 10,000 kilometres within the next five years, …
-
Energy TransitionIn the News
Built for Yesterday: Why Nigeria’s Power Grid No Longer Fits Today’s Economy
KEY POINTS When much of the national transmission infrastructure was conceived decades ago, Nigeria’s economy was smaller, less industrialised, and far less digitally connected. Today, Africa’s largest economy is powered …