Nigeria has won its bid to host the $5 billion African Energy Bank, which aims to address funding crisis for energy infrastructure on the continent. Rising from over four hours of meeting
Nigeria has intensified its efforts to host the African Energy Bank headquarters as the country is lobbying 18 African oil producers under the African Petroleum Producers Organisation (APPO). Hosting the ambassadors of
According to the World Bank, Nigeria had about 174 individual flare sites as of 2022. Late last year, the Nigerian Upstream Petroleum Regulatory Commission, through the Nigerian Gas Flare Commercialisation Programme (NGFCP),
The Major Energy Marketers Association of Nigeria (MEMAN) has called for the implementation of proper procedures to ensure the safe and permanent adoption of Compressed Natural Gas (CNG) as a fuel source in Nigeria.
The Minister of Power, Adebayo Adelabu, has said that the government is working through the Presidential Power Initiative (PPI) on expanding the transmission grid to ensure it can handle the increased load
Minister of Power, Mr Adebayo Adelabu, stated that the introduction of band A with a higher tariff has reduced the electricity subsidy to N1 trillion from about N3 trillion. The minister made
Oando Plc has announced the successful closure of a $925m accordion arranged and coordinated by African Export-Import Bank (Afreximbank) for Project Gazelle. The accordion arrangement saw a contribution of $550m by Oando
The Federal Government has announced plans to acquire no fewer than 3.5 million electricity meters by the end of 2024, aiming to boost revenue in the financially strained power sector. Minister of
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have set Nigeria’s crude oil production quota at 1.5 million barrels per day (mbpd) until December 2025. According to a report