Energy News

SUB-SAHARAN AFRICA MAY PLAY A CRUCIAL ROLE IN GLOBAL LNG GLUT cpeel-admin Wed, 11/30/2016 - 11:11

According to BMI research, Sub-Saharan Africa holds the highest potential to become a "niche" market for liquefied natural gas to feed power plants as the world faces a growing surplus of the fuel.

REPRESENTATIVES DEMAND A FUEL PRICE OF N70 PER LITRE cpeel-admin Wed, 11/30/2016 - 10:30

On Tuesday, The House of Representatives faulted the current pricing template for Premium Motor Spirit, better known as petrol, saying that a realistic pump price should not be above N70.04 per litre and therefore, asked the Petroleum Products Pricing Regulatory Agency and Ministry of Petroleum R

ELECTRICITY, A VITAL ASPECT OF NIGERIA'S QUEST FOR INDUSTRIALIZATION cpeel-admin Tue, 11/29/2016 - 10:21

The chairman of the Board of Directors, Jos Electricity Distribution Company Plc, (JED) Alh. Mahmud Yayale Ahmed disclosed that electricity is an essential aspect of Nigeria’s quest for industrialisation, job creation, enterprise development, and national security.

ANNOUNCEMENT OF NEW INVESTMENTS IN NIGERIA'S OIL SECTOR cpeel-admin Mon, 11/28/2016 - 10:03

The minister of Industry, trade and Investments, Okechukwu Enalamah stated that International Oil Companies are set to announce new significant investments into Nigeria’s oil and gas sector to plug the funding gap, following talks by stakeholders on how to revamp that very critical industry.

FEDERAL GOVERNMENT CURRENTLY SUBSIDISING PETROL cpeel-admin Mon, 11/28/2016 - 09:53

At a stakeholders consultation on the Draft National Oil Policy held recently in Abuja, Oil marketers and critical downstream stakeholders revealed that NNPC which supplies more than 70% of fuel consumed in the country is doing so at a loss under the current foreign exchange regime and the federa

CURRENT SITUATION OF CRUDE OIL PRODUCTION IN NIGERIA cpeel-admin Mon, 11/28/2016 - 09:29

The Minister of State for Petroleum Resources, Mr. Emmanuel Ibe Kachikwu, stated that Nigeria’s crude oil output is about 1.9 million barrels per day following the militant attacks on oil facilities in the country.

SOLAR STREET LIGHTING MARKET TO HIT $15BN BY 2024 cpeel-admin Tue, 11/22/2016 - 13:11

By the year 2024, it is expected that Solar Street Lighting Market size exceeds $15 billion.

NIGERIA NEEDS OIL REVENUES TO SAVE THE ECONOMY

The Vice President, Prof. Yemi Osibanjo is of the opinion that revenues from crude oil will still be needed in Nigeria to rebuild the economy, diversify it and overcome oil dependency.

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Renewables to drive FG’s target of 30 GW on-grid power capacity by 2030

President Muhammadu Buhari, while speaking at the Africa Day in Marrakech, Morocco on the sidelines of COP22, has announced plans to increase Nigeria’s on-grid power capacity to 30 Giga Watts  by 2030 from the current level of about 5 Giga Watts adding that 30% of the capacity would be generated

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Mini-grids best for electrifying rural commodities in Nigeria, others

Experts have said that rural electrification can improve the quality of life by increasing economic activity necessary for rural economic development in sub-Saharan Africa, Vanguard reports.

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