News

FG to target 2000mw from Solar Energy

Minister of Science and Technology, Dr. Ogbonnaya Onu has said that the Federal Government has concluded arrangements to generate at least 2000 megawatts of solar energy.

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Scarcity of Diesel, kerosene may worsen Nigeria’s inflation admin Thu, 01/26/2017 - 09:34

An acute shortage in the supply of diesel and kerosene has hit filling stations nationwide, a situation which may fuel inflation on foods and other consumables if not averted quickly.

SUB-SAHARAN AFRICA MAY PLAY A CRUCIAL ROLE IN GLOBAL LNG GLUT cpeel-admin Wed, 11/30/2016 - 11:11

According to BMI research, Sub-Saharan Africa holds the highest potential to become a "niche" market for liquefied natural gas to feed power plants as the world faces a growing surplus of the fuel.

REPRESENTATIVES DEMAND A FUEL PRICE OF N70 PER LITRE cpeel-admin Wed, 11/30/2016 - 10:30

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

ELECTRICITY, A VITAL ASPECT OF NIGERIA'S QUEST FOR INDUSTRIALIZATION cpeel-admin Tue, 11/29/2016 - 10:21

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.

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 cpeel-admin Mon, 11/28/2016 - 10:03

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.

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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