featured

KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …

KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …

KEY POINTS The Transmission Company of Nigeria, TCN, has demolished residential and commercial structures encroaching on the corridor of a 330kV transmission line in the Kudenda area of Kaduna State, …

KEY POINTS The Federal Government has reopened petrol importation, issuing fresh licences to six oil marketers following supply concerns triggered by geopolitical tensions in the Middle East. The move represents …

KEY POINTS Mayors from several Democratic Alliance-led, DA, municipalities have mounted a coordinated challenge against Eskom’s latest electricity tariff increases, calling on the National Energy Regulator of South Africa to …

KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Bayo Ojulari, has said the company’s collaboration with the Dangote Refinery has strengthened Nigeria’s fuel …

KEY POINTS The Central Bank of Nigeria, CBN, has approved full repatriation of export proceeds by international oil companies, granting them unrestricted access to 100 percent of their foreign exchange …

KEY POINTS Oil producers operating in Nigeria are now receiving significantly faster approvals to revive idle wells, as authorities move to boost crude output and strengthen the country’s position in …

KEY POINTS The Dangote Refinery has raised concerns over a major shortfall in crude oil allocations under the Federal Government’s crude-for-naira programme, revealing that it is receiving far fewer shipments …