STATES TO LOSE N19BN IN OIL, GAS REVENUES IN 2022 – WORLD BANK
The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federat...
Power Sector News
NSIA PLANS TAKEOVER OF POWER PLANTS
Reports indicate that Nigeria’s Sovereign Investment Authority (NSIA) is planning to take over underperforming government assets such as power ...
NIGERIA, OTHERS NEED $25B TO DELIVER UNIVERSAL ENERGY ACCESS
A yearly investment of $25billion is needed to deliver universal energy access in Nigeria and other African countries by 2030, the Africa Energy Outl...
NEITI SET TO UNVEIL STATUS REPORT ON PETROLEUM INDUSTRY ACT
Dr. Orji Ogbonnaya Orji, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday said the agency will in th...
NIGERIANS STILL PAYING HEAVILY FOR DARKNESS, WITH PRIVITISATION FLOP – LABOUR WARNS
President of the Nigeria Labour Congress(NLC) Ayuba Wabba has continued to criticise the privatisation policy of the Federal Government, especially i...
ALL EYES ON OPEC+ AS OUTPUT CUTS EXPIRE IN AUGUST
All eyes are now on the Organisation of Petroleum Exporting Countries (OPEC) as the production cuts it embarked upon in 2020 is set to expire in Augu...
ABIA APPROVES N30M FOR COMMUNITY ELECTRICITY PROJECT
Abia State Government has approved N30 million for electricity project in Obingwu community in Ukwa West Local Government Area. Member represen...
EKO DISCO PLEDGES IMPROVED SERVICE DELIVERY AS CUSTOMERS LAMENT POOR POWER SUPPLY
The Eko Electricity Distribution Company (EKEDC) has responded to the complaints by its customers in Surulere over poor power supply and other operat...
AFRICAN REFINERS ALERT ON IMPENDING IMPACT OF FUNDING WITHDRAWAL FOR OIL PROJECTS
Oil and gasoperators under the African Refiners and Distributors Association (ARDA), have said that unless a far-reaching decision on the future fund...
$13BN TRANS SAHARA GAS PIPELINES, HUGE OPPORTUNITY TO TAP INTO EUROPEAN MARKETS – SYLVA
Chief Timipre Sylva, Minister of State Petroleum Resources, said the project presents a huge opportunity for the countries to tap into the European m...