News

Nigeria's daily gasoline intake has reached a new high of 93 million litres.

The cost of keeping Nigerians addicted to cheap fuel subsidized by the government is putting additional strain on the federal government's already strained and shrinking budget. 

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SOLAD has provided safe, affordable electricity to its 10,000th small company.

Solad Power Group announced that through its portfolio of mini-grids in Nigeria, it has linked its 10,000th small business to affordable and reliable power, marking a significant milestone in the company's growth and development. 

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Oil prices are rising as the US relaxes travel restrictions and the EU considers expanding access. cpeel-admin Thu, 05/06/2021 - 09:42

Oil prices rose on Tuesday as more US states relaxed travel restrictions and the EU sought to draw tourists, helping to alleviate concerns about fuel demand in India as Covid-19 cases continue to rise. 

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The operations of a solar panel manufacturer based in the United Arab Emirates are expanding in Nigeria. cpeel-admin Thu, 05/06/2021 - 09:32

Trina Solar, a multinational PV and smart energy complete solution provider headquartered in the United Arab Emirates (UAE), has signed a distributor agreement with Solar Power Etal to supply Trina Solar's products and solutions in Nigeria. 

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NNPC is falling behind as national corporations invest in renewables. cpeel-admin Thu, 05/06/2021 - 09:24

Saudi Arabia announced last year that it expects to spend more than $20 billion in renewables over the next decade, with a target of producing 30 GW from renewables by 2025 and 60 GW by 2030. 

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Exploring the Potentials for Small Hydro Power in Nigeria (Small Water, Big Power) cpeel-admin Thu, 05/06/2021 - 09:18

The use of renewable energy to supply grid and off-grid electricity has increased dramatically over the last few decades. 

In Nigeria, the situation is not completely different. 

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Unusual Situation where States that are Less Viable use more Petrol.

States along Nigeria's land borders are consuming more refined petroleum products, especially Premium Motor Spirit (PMS), than states with higher economic activity or Internally Generated Revenue (IGR), a trend that calls into question the country's efforts to combat petrol smuggling to neighbori

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Corruption and cross-border smuggling are causing havoc. The FG's attempt to stabilize fuel supply cpeel-admin Fri, 04/30/2021 - 22:27

States along Nigeria's land borders consume more refined petroleum products, especially Premium Motor Spirit (PMS), than states with higher economic activity or Internally Generated Revenue (IGR), a trend that calls into question the country's efforts to combat petrol smuggling to neighboring cou

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Nigeria's electricity market will be closer to cost-reflective tariffs as a result of the planned review. cpeel-admin Fri, 04/30/2021 - 22:21

According to analysts, the Nigerian Electricity Regulatory Commission's (NERC) planned minor electricity tariff review might drive the market closer to tariffs that guarantee commercial returns.

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Oil prices have risen to near $68 due to a brighter economic outlook, but Nigeria has yet to reap the benefits. cpeel-admin Fri, 04/30/2021 - 22:15

After closing at a six-week high, oil is continuing to rise, but the benefits will elude Nigeria, where petrol subsidy payments eat up any boost in oil proceeds.

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