News

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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Orientation Programme Held for New Students of CPEEL

The Orientation Programme for new students which held between 2nd March and 6th March, 2015 was a deliberate effort to make the transition into the University life and studying at the Centre for Petroleum, Energy Economics and Law as smooth as possible for the new intakes.

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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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Powering Rural Communities: CPEEL and DAERD Meet to Explore Strategies for Energy Community Intervention Project

Energy is indeed central to the success of agribusiness and poverty alleviation in rural communities.

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New Masters and Ph. D. Candidates Complete Refresher Classes

New intakes of the Centre for Petroleum, Energy Economics and Law’s (CPEEL) academic programmes who resumed on the 19th of January, 2015 recently completed their refresher classes.

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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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New Masters and Ph. D. Candidates Resume at the Centre

New intakes of the Centre for Petroleum, Energy Economics and Law’s (CPEEL) academic programmes resumed on the 19th of January, 2015.

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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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Oil Rebounds above $62, as Funds Wager on Rally

Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became confident there would be no further substantial price loss in the run-up to the new year. Consequently, hedge funds increased bets on rising prices to the highest in four months.

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Afren Gets Preliminary Offer from Nigeria's Seplat

Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc .

Afren said Seplat has until Jan. 19 to make a firm offer.

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