Major global oil companies are upscaling investment in gas development stressing that the transition to a green future will require much more natural gas. Shell Gas revealed its plans to increase gas investment and would be spending about 25 per…
Global appetite for fossil fuel is still growing despite intensive and sustained investment in the renewable energy space. Record increases in solar and wind installations in 2022 has failed to cut into the massive 82 per cent share of fossil fuels…
By Akinyemi Precious The Nigerian Electricity Regulatory Commission (NERC) has warned that a decline in crude oil production in Nigeria will result in reduced availability of natural gas for power plants, leading to an impact on electricity production. This was…
The Ukrainian agricultural sector continues to play an important role in ensuring global food security Ukraine has partnered with the Lagos Free Zone company to build a grain terminal at the Lekki Port in Nigeria, the Ministry of Agrarian Policy…
Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore; its suite of renewable energy-powered transportation solutions. Qore will offer the purchase and financing of electric vehicles (EVs), EV charging stations, conversion of…
The Manufacturers Association of Nigeria (MAN) said it spent about N144.5 billion on alternative energy in 2022 as against the N77.2 billion it spent in the preceding year of 2021. The president of the association, Otunba Francis Meshioye disclosed this…
By Akinyemi Precious The Abuja Electricity Distribution Company (AEDC) has clarified that it has not raised electricity tariffs, contrary to media reports. Reports surfaced on some media platforms that AEDC had announced an impending tariff increase despite not being approved…
The recent fuel subsidy removal has significantly increased the cost of transportation in the country. As a result, employees are now finding it very difficult financially to travel to the office. To reduce the effect of the fuel subsidy removal,…
Four people have sustained different degrees of injuries after some gas cylinders exploded in Ijaiye, Agege area of Lagos State yesterday. The explosion occurred in the early hours of Monday in a shop stored with gas cylinders. The Permanent Secretary of…
…To generate almost one-third total national load Egbin Power Plc, the largest power generating station in Nigeria, recorded a record-breaking 1000MW power generation peak on Sunday, June 25, 2023, and also generated nearly one-third of Nigeria’s total power load on yesterday.…
