Energy News

Nigeria lags behind Africa’s top oil exporter as Asians increase demand for Angolan crude

A recoil in buying of Nigerian oil as a result of force majeure and uncertainty in the country have led to a firm rise in demand for Angolan oil from major crude buyers China and India for July, a Reuters survey of

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Nigerian economy lost N1.0trn in six months to attacks on oil facilities

About N1.0 trillion may have been lost to production shortfalls due to the resurgence of attacks on oil and gas facilities in the Niger Delta, between January and June 2016 as well as various facility related repairs and leakages, 

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NNPC Aims to Supply 20% of Nigeria’s Petrol Demand as Refineries Come Onstream

Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC) hopes that its domestic refineries can cover 20 percent of Nigeria’s petroleum product needs, the head of refining recently said.

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CPEEL Director Presents at Energy Access Dual Plenary Session of the 2015 IAEE Conference

The Centre's Director, Prof. Adeola Adenikinju was invited to present at the Dual Plenary Session on Energy Access of the International Association of Energy Economics (IAEE) 2015 Conference in Antalya, Turkey.

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Nigerian Government Signs MOU with Milhouse Engineering to Generate Power from Coal

In a bid to increase the amount of power Nigeria generates over the next five years, the Federal Republic of Nigeria and its Ministry of Power have signed a memorandum of understanding (MOU) with Milhouse Engineering & Construction, Inc. to create energy from coal.

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Electricity DISCOs Declare Force Majeure over Tariffs, Insurgency

Nigeria’s Bureau of Public Enterprises (BPE) has said that some electricity distribution companies (DISCOs) in the country have declared force majeure over tariffs and insecurity.

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Nigeria Reduces Electricity Tariff by Fifty Percent

Nigerian government on Tuesday announced a reduction in electricity tariffs by 50 per cent. It explained that the reduction which came barely two months after it cut the pump price of petrol by N10 followed a series of complaints by electricity consumers.

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eTransitional Electricity Market (TEM) Initiative in Nigeria: Keping Electricity Firms on their Toes

With the commencement of the Transitional Electricity Market (TEM) stage on February 1 by the Nigerian Electricity Regulatory Commission, there is a fresh wave of tension among the DISCOS following threat by the commission to punish errant operators in the electricity industry.

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African Energy Leaders Group Inaugurated in Davos, Switzerland

The Sustainable Energy for All Initiative (SE4ALL), the UN secretary-general’s project, has launched the African Energy Leaders Group (AELG) at the 2015 World Economic Forum (WEF), in Davos Switzerland.

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Nigeria Awaits New Budget Benchmark as Oil Prices Dip to Six-year Low

A new oil price benchmark is being awaited in Nigeria in view of the continuous fall in price of the commodity as the price of Organization of Petroleum Exporting Countries (OPEC) basket of 12 crudes stood at $45.19 a barrel on Monday, compared with $45.68 the previous day.

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