About 1.5 billion people across the globe lack electricity supply, half of which live in Africa, with Nigeria accounting for 90 million of such people, Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola said on Monday.
Dr Olusanya Olubusoye, a Statistician and Faculty at the Centre for Petroleum Energy Economics & Law, has advised the Federal Government to adopt administrative census, rather than the current decennial, to gauge the nation’s po
Central Bank data showed on Tuesday that Nigeria’s foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan. 20 from a month ago, climbing to the highest level since April.
The Federal Government has concluded plans to boost electricity generation in the country with two small hydro power plants capable of adding 2,000 kilowatts of electricity to the country’s energy capacity.
Minister of Science and Technology, Dr. Ogbonnaya Onu has said that the Federal Government has concluded arrangements to generate at least 2000 megawatts of solar energy.
An acute shortage in the supply of diesel and kerosene has hit filling stations nationwide, a situation which may fuel inflation on foods and other consumables if not averted quickly.
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.
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
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.
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.