The Federal Government says Nigeria requires $410 billion to achieve its energy transition plan by 2060 to address challenges and policy flexibility in the sector. The Minister of State for Petroleum Resources, Timipre Sylva, said this at the 7th Meeting…
Nigeria’s oil sector contributed 5.66 per cent to the country’s total real gross domestic product (GDP) in Q3 2022. This is according to the Nigerian GDP report for Q3/2022, released Thursday, November 24 by the National Bureau of Statistics (NBS).…
A Nigerian firm has entered into partnership with the Chinese digital energy sector, Techen Group to set up research centres in Nigeria and analyse Nigeria’s energy challenges and proffer solutions. Mr Ayomide Ketiku, CEO of Macosine Nig. Ltd, Nigeria’s lead…
A Nigerian firm has entered into partnership with the Chinese digital energy sector, Techen Group to set up research centres in Nigeria and analyse Nigeria’s energy challenges and proffer solutions. Mr Ayomide Ketiku, CEO of Macosine Nig. Ltd, Nigeria’s lead…
As long queues resurfaced in Lagos, motorists has groan for spending hours at filling stations to buy Petroleum Motor Spirit (PMS), popularly known as petrol. The situation was worse on Ikorodu road, Maryland, Ikeja, Anthony, Bariga, Ilupeju and Gbagada areas…
The government of Niger on Wednesday urged the Nigerian National Petroleum Company Ltd. (NNPCL) to establish truck transit parks some strategic parts of the state to reduce traffic on highways. The government identified towns such as Tafa, Suleja, Mokwa, Bida,…
The National Bureau of Statistics (NBS) says the average retail price of Automotive Gas Oil (Diesel) paid by consumers in October was N801.09 per litre. The NBS stated in its “Diesel Price Watch’’ for October 2022 that the average price…
President Muhammadu Buhari on Tuesday inaugurated the Kolmani Integrated Development Project at Kolmani River II Oil Field located at a border community between Bauchi and Gombe States. Buhari expressed joy over the discovery of over one billion barrels of oil…
The National Bureau of Statistics (NBS), says consumers paid N195.29 for a litre of Premium Motor Spirit (Petrol) on the average in October 2022. It stated in its “Premium Motor Spirit (Petrol) Price Watch” for October 2022 that the average…
Nigeria’s Rural Electrification Agency (REA) says it has achieved 1 million solar home systems connections between 2019 to 2022. This is according to the agency’s official Twitter account on Tuesday, November 22. According to the agency’s statement, the milestone was…
