In order to tap into Nigeria’s huge gas reserves, OMAA, an indigenous energy firm has unveiled the country’s first locally assembled natural gas-powered buses along with generators that would run on gas.
Oil rose beyond $75 a barrel on Wednesday as investors weighed the possibilities for a global economic rebound. Stocks were divided as investors weighed the prospects for a global economic recovery.
Pentagon Plastic Industries Ltd (PPIL), a manufacturer of high-quality, cost-effective plastic housewares for home and industrial use, despite challenges, says it’s working to strengthen Nigeria’s position as a leading exporter of finished plastic products across the African continent.
As travel demand improves, oil prices might rise to $100 a barrel next year, according to Bank of America Corp., the firmest prediction yet among major forecasts for a return to triple digits.
The International Finance Corporation (IFC), the World Bank Group's private sector arm, and The Rockefeller Foundation have formed a collaboration to mobilize up to $2 billion in private sector investment in distributed renewable energy in Nigeria and other African countries.
The Nigerian National Petroleum Corporation (NNPC) and its other major partners in the Bonga terminal, Nigeria's first deepwater export terminal, lost one million barrels of crude oil worth $64 million due to a power outage.
According to the African Refiners & Distributors Association (ARDA) and other major global players in the energy sector, Africa's attempt to move to cleaner energy sources as part of initiatives aimed at achieving the UN Sustainable Development Goals (SDGs) and mitigating deforestation could
Saudi Arabia plans to save at least $200 billion over the next decade by replacing liquid fuel used for domestic use with gas and renewable energy sources, in contrast to Nigeria's lip service to renewable energy.
Electricity has become an increasingly important part of our lives over time. Because of the comfort it provides, people's reliance on electricity is gradually increasing.
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.