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Energy
FG To Clear Debts Owed To GenCos, Gas Suppliers In April
The Federal Government has said it would begin paying part of the debts it owes power generating companies and gas suppliers from April.
Minister of Power, Adebayo Adelabu, made the disclosure when he was on a working visit to Egbin…
Another Grid Collapse Plunges Nation In Darkness
Nigeria experienced another system collapse, throwing the country thrown into a total blackout, the fourth in three months.
The country's central electricity grid is managed from Osogbo in Osun State, and it collapsed around 4:30 pm on…
UCH Denies Owing IBEDC N495m Electricity Bill
University College Hospital (UCH), Ibadan, has said it did not owe the Ibadan Electricity Distribution Company (IBEDC) N495 million bill, as being insinuated.
UCH’s Public Relations Officer (PRO), Mrs Funmilayo Adetuyibi, stated this in…
University College Hospital, Ibadan, Battles IBEDC Over ₦495m Electricity Debt
A conflict has ensued between the University College Hospital (UCH), Ibadan, and the Ibadan Electricity Distribution Company (IBEDC) over ₦495 million in electricity debt accumulated over a span of three years.
The accumulated debt has…
Indian Refiners Buy More US Crude As Russia Sanctions Tighten
More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
India, the world's third-biggest…
Oil Benchmark Brent Nears $86 On Heightened Supply Concerns
Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East.
Brent crude futures climbed 44 cents to $85.87 a barrel by 1321 GMT while U.S. crude futures gained…
NNPCL Mulls Gas To Trigger Power Generation, Industrialisation
The Nigerian National Petroleum Company (NNPC) Ltd, has said it is shifting focus to move from predominantly a player concentrated on oil to gas, mentioning the focus is to use gas for power generation, and for industrialization, as well as…
Energy Transition Very Difficult Subject For Countries In sub-Saharan Africa – Kyari
.....Says FID On $25bn Nigeria Morocco Gas Pipeline To Be Taken In December
Energy Transition: Kyari Joins Global Energy Leaders At CERAWeek 2024
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, (NNPC Ltd) , Mr Mele Kyari will be at the 2024 CERAWeek Conference scheduled to be held in Houston, United States from 18th to 22nd March 2024.
The…
High Energy Cost Inducing Hike In Cement, Other Locally Manufactured Products – CPPE
The Center For The Promotion Of Private Enterprises (CPPE) has said that high energy costs have made local production in the Country expensive and uncompetitive, especially in the cement industry.
The Centre noted that high energy costs…