The Transmission Company of Nigeria, on Tuesday, said that power supply has been restored to areas affected by arcing on the Benin-Egbin 330 Kilo Volt (kV) isolator at about 6:10 pm on Monday. Arcing is an electrical discharge that occurs when…
Again, the Nigeria’s electricity grid has collapsed for the seventh time in 2024, as the total generation on the grid read 00:00:00 at 1:33 pm on Monday. The total system collapse which led to total blackout in most parts of…
By Esther Agbo The 47th Nigeria Annual International Conference and Exhibition (NAICE), organised by the Society of Petroleum Engineers (SPE) Nigeria Council took place on August 5, 2024. The event, themed, “Petroleum Industry Value Chain Optimisation: The Inevitability of Midstream…
The total banking sector credit to the Nigerian economy more than doubled year-on-year rising to about N53 trillion at the end of the first quarter of 2024. This is according to the latest data from the Central Bank of Nigeria…
…Dissolve committee amid internal strife By Seun Ibiyemi The House of Representatives has dissolved the existing ad-hoc joint downstream and midstream committee, which it set up to investigate the importation of contaminated petroleum products, the lack of crude oil for…
By Seun Ibiyemi Again, the Nigeria’s electricity grid has collapsed for the seventh time in 2024, as the total generation on the grid read 00:00:00 at 1:33 pm on Monday. The total system collapse which led to total blackout in…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market. The NNPC Ltd. said from Oil Mining Lease (OML) 13, fully operated by…
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream Committee probing activities of the Nigeria National Petroleum Company Ltd.(NNPCL), and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Rep. Akin Rotimi, spokesperson of the…
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu. On December 14, 2023, the World Bank approved the $750…
President Bola Tinubu has disclosed that his administration is on course towards revamping the nation’s oil sector. Tinubu, in a nationwide broadcast to pacify the EndBadGovernance protesters said the nation’s once declining oil and gas industry was witnessing a resurgence…
