The further rise in global crude oil prices has pushed the daily subsidy on Premium Motor Spirit, also known as petrol, to N6.07bn. Petrol subsidy, which was removed in March 2020, re-emerged earlier this year as the government has left…
The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, has said the Nigerian economy is currently being driven by the non-oil sector. Ahmed said this when she led officials of her ministry to hold a meeting with the…
The Federal Government says it is working conscientiously to ensure that the country meets the global demands on cleaner energy. Vice President, Yemi Osinbajo said this on Tuesday at the opening of the 2021 Nigeria Oil and Gas Conference holding…
The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned as the President Muhhamdu Buhari’s administration is determined to resuscitate the power plants to put…
By Matthew Denis, Abuja The Nigerian National Petroleum Corporation (NNPC) generated N1.09trillion revenue in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is N396.8 billion…
By Uthman Salami The Kano Electricity Distribution Company (KEDCO) has warned that meter deployment and installation by its field officials remains free and not for sale. This was contained in a statement signed by KEDCO Head of Communications, Mr Ibrahim…
By Uthman Salami Total Energies has disclosed that it has invested over $60 billion in exploration and other projects in Nigeria, as it plays a significant economic and social role in the country, contributing about 15% of the nation’s production. This was…
By Uthman Salami Fenix International, a pay-as-you-go (PAYGo) solar industry player, has announced the change of its name to ENGIE Energy Access Nigeria. ENGIE Group, a global independent electricity producer, Fenix International started operations in Nigeria in 2018, as part…
Ikeja Electricity Distribution Company, Ikeja Electric (IE), has successfully inducted 20 young Engineers into its 12 months comprehensive developmental programme targeted at young, dynamic, self-motivated and highly driven young talent to improve their capacity and practical field practice experience. The…
Engie Energy Access Nigeria, has disclosed a strategic investment initiative that will see a phased deployment of Mini Grid power stations across underserved rural communities around Nigeria. The Energy company which was formally known as Fenix International, a leader in…
