News

REPRESENTATIVES DEMAND A FUEL PRICE OF N70 PER LITRE

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

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ELECTRICITY, A VITAL ASPECT OF NIGERIA'S QUEST FOR INDUSTRIALIZATION

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.

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Report on 2016 USAEE Conference

Ayooluwa Adewole, a graduate research assistant was sponsored by the Centre to attend and present at the 34th United States Association for Energy Economics/International Association for Energy Economics (USAEE/IAEE) North American Annual Conference which was held from October 23-26, 2016 at the

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Report on 2016 NES Conference

Ayooluwa Adewole, a graduate research assistant was sponsored by the Centre to attend and present at 56th Annual Conference of the Nigerian Economic Society which took place between 27th and 29th September 2016 at NICON Luxury Hotel, Abuja.

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ANNOUNCEMENT OF NEW INVESTMENTS IN NIGERIA'S OIL SECTOR

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.

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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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