The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy Committee (MPC) meeting of the bank, which began…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector will still supply over 50 per cent of the global energy needs by 2045. Barkindo made that assertion while presenting…
The National Engineering and Technical Company (NETCO), has facilitated the training of 17 unemployed graduates from Iru Community, Iru -Victoria Island Local Council Development Area of Lagos State with vocational skills. The beneficiaries graduated on Wednesday after a three-month residential…
The ongoing trial of Abubakar Ali Peters, chairman, Nadabo Energy, for an alleged N1.4 billion oil subsidy fraud, continued on January 26, 2021 with Justice C.A. Balogun of a Lagos State High Court, Ikeja admitting in evidence more documents against…
As part of government efforts in improving accessibility to off-grid electricity in Lagos State, Governor Babajide Sanwo-Olu has signed a memorandum of understanding (MoU) with the British Government funded Africa Clean Energy Technical Assistance Facility (ACE TAF). The four-year programme…
The production policies of the non-member countries of the Organisation of Petroleum Exporting Countries (OPEC+) and pandemic’s path will continue to drive global oil prices in the year and result in global oil demand declining marginally in the first quarter…
A Renewable energy will be a critical driver of Africa’s post- COVID-19 growth recovery and economic prosperity, panelists at this year’s ‘United Kingdom (UK) Africa Investment Summit’ said. They called for a stronger partnership between the UK and Africa. The…
President Muhammadu Buhari has declared that Nigeria will strengthen its position as regional leader in the oil and gas industry. Speaking at the virtual inauguration of the National Oil and Gas Excellence Centre (NOGEC) at the Department of Petroleum Resources…
At least 10 Community Development Associations (CDAs) in the Ikorodu area of Lagos State have petitioned Ikeja Electric (IE) Plc. over outrageous estimated billings. The CDAs are also outraged at the alleged fraudulent activities of Ikeja Electric’s officials and the…
The Enugu Electricity Distribution Company (EEDC) has commenced free mass meter roll-out to electricity consumers in South-East, under the National Mass Metering Programme (NMMP), according to Mr Emeka Ezeh, Head, Corporate Communications, EEDC. In a statement made available to journalists…
