Energy News

FEDERAL GOVERNMENT CURRENTLY SUBSIDISING PETROL

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

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CURRENT SITUATION OF CRUDE OIL PRODUCTION IN NIGERIA

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.

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SOLAR STREET LIGHTING MARKET TO HIT $15BN BY 2024

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

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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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Advancing Electricity Beyond Seasons!

Nigerians have managed to live their lives around the avoidable anomaly of darkness, over the years, by individually powering their lives and livelihood just so as to maintain a semblance of civilization!

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Nextier Power Wednesday: Join Rahila Thomas (Country Director, EMRC) on Twitter to Assess Nigeria’s Power Sector Reform

Ms. Rahila Thomas, Country Director, Energy Market and Rates Consultants (EMRC) Limited, will be our guest on Nextier Power Wednesday to discuss “Assessing Nigeria’s Power Sector Reform”. EMRC is a global leader in energy markets, regulation and transactions.

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Global Clean Energy Deployment Still Low

International Energy Agency (IEA) has said that global clean energy deployment is still overall behind what is required to meet the 2°C goal.

It added that the recent progress on electric vehicles, solar PV and wind is promising.

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Nigeria Lost 3,000 Megawatts of Electricity in the Last Six Months

The Minister of Power, Works and Housing, Babatunde Raji Fashola, has attributed a colossal loss of 3000 megawatts in the last six months (between April and September) to consistent vandalisation and sabotage of the country’s pipelines and assets.

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