The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and…
The National Oil Spill Detection and Response Agency (NOSDRA) and the Nigeria Extractive Industries Transparency Initiative (NEITI), have reiterated commitments to reduce gas flaring in Nigeria. The stakeholders stated this at the National Extractives Dialogue 2024, in Abuja on Friday.…
The House of Representatives said that it would ensure that Federal Universities were removed from the Band A electricity tariff plan to lessen the huge electricity bill. Rep. Abubakar Fulata, the Chairman, House Committee on University Education, said this in…
Operatives of the Tafawa Balewa Divisional Police Headquarters (C) of the Bauchi State Command have arrested a 30-year-old man, Aminu Mohammed, for allegedly impersonating personnel of the Nigerian Army for two years. The arrest occurred on July 22, 2024, following…
UTM FLNG Limited, the developer of Nigeria’s first floating liquefied natural gas facility, has targeted the fourth quarter of 2024 to achieve a Final Investment Decision (FID) on its floating liquefied natural gas project. The Board of Directors of the…
Oando Plc, Nigeria’s leading Indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange had announced that Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for the sale of 100…
By Seun Ibiyemi The owners of Ughelli and Afam power plants, Transcorp Power Plc has posted a pre-tax profit of N51 billion, representing a 214% year-on-year growth from the N16.2 billion posted in H1 2023. The power generation company which…
The Chairman of the Nigerian Electricity Regulatory Commission, NERC, Sanusi Garba, has announced that the Commission has established regulatory frameworks to support investors in renewable and distributed energy generation. Speaking at the Summit on Accelerating Scale-up of Renewable and Distributed…
By Seun Ibiyemi Despite blackouts in some parts of the country, the electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024. This was even as the nation lost 673 megawatts of power generation capacity…
Seplat Energy Plc has canvassed for adequate management of oil and gas assets in Nigeria in the country’s drive for growth of the energy sector and encouraging expansion. The Chief Executive Officer, Mr. Roger Brown, gave this insight at the…
