Former Minister of Power, Professor Barth Nnaji, has said that Nigeria has the potential to attain a $1 trillion economy if it makes targeted, strategic investments in its energy sector—particularly in natural gas. He made this assertion on Thursday during…
The Enugu State Electricity Regulatory Commission (EERC) has granted an electricity generation licence to Tempo Power Solutions Ltd for a five-megawatt gas-powered plant set to operate in the state. Described as a pioneering project in terms of technological sophistication, the…
By Seun Ibiyemi The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the…
By Matthew Denis The Minister of State Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, has charged the new leadership of the Nigerian National Petroleum Company Limited (NNPC Ltd.) to prioritize the completion of the Ajaokuta-Kaduna-Kano (AKK) and Obiafu-Obrikom-Oben (OB3) projects and…
By Seun Ibiyemi The Federal Government and China Machinery Engineering Corporation (CMEC) on Wednesday signed a contract agreement aimed at improving power supply across the country. The contract, valued at $328,819 million dollars covers Engineering, Procurement, Construction, and Financing for…
By Seun Ibiyemi Global oil prices plunged to their lowest levels since early 2021 on Wednesday, amid growing concerns over a supply glut and weakening demand from major economies. The sharp downturn comes just as U.S. President Donald Trump unexpectedly…
Dangote Petroleum Refinery says it has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade…
By Seun Ibiyemi The Federal Ministry of Finance has restated the government’s unwavering commitment to the Crude and Refined Product Sales in Naira initiative during an update meeting held in Abuja today. The session, presided over by the Honourable Minister…
The Federal Government has ordered illegal miners to immediately vacate all mining sites in Zamfara following the confirmation of an outbreak of lead poisoning in Bungudu Local Government Area. The Minister of Solid Minerals Development, Dr Dele Alake, gave the…
By Seun Ibiyemi Vice President Kashim Shettima on Tuesday inaugurated the Board of the Nigerian Independent System Operator (NISO) Limited at the State House in Abuja, marking a significant step in the federal government’s ongoing effort to restructure and strengthen…
