A €70 million financing for businesses for green energy projects provided by the French Development Agency (AFD) and the European Union Infrastructure Trust Fund (EU-ITF) will help to make manufactured products in Nigeria competitive, some manufacturers have sa
The price of Brent, the benchmark of Nigeria’s crude oil has fallen to $39 as bearish factors mount and sentiment shifts add another wrench in the recovery for oil prices still reeling from the pandemic-driven blow to consumption.
Operators in Nigeria’s oil and gas space have often pointed to the high unit cost of production as one of the major factors eroding value, particularly in a low oil price environment.
The Central Bank of Nigeria (CBN) on Monday introduced the Solar Connection Intervention Facility to complement the Federal government’s effort of providing affordable electricity to rural dwellers through the provision of long term low interest credit faciliti
There is a huge prospect for improvement in power supply networks as additional 126 megawatts (MW) of electricity are set to be added to the national grid in two months following the completion of work on the second gas turbine of the Gbarain Power Station in Y
Prolonged low oil prices environment is making oil companies speed up the digitalisation of processes to push down operating costs, save billions of dollars, promote transparency and optimise value creation.
Leading meter asset provider, MOJEC Meter Assets Management Company (M3AC), a subsidiary of MOJEC International Limited has so far been able to the install over 32,000 prepaid meters in August 2020, despite the restrictions necessitated by the Coronavirus (COVID-19 pandemic).
Mele Kyari, the Group General Manager of the Nigerian National Petroleum Corporation, NNPC late Wednesday said the federal government has advanced conversation in adoption the NLNG model in the rehabilitation of the three major refineries in the country,emphasising a three year
The Port Harcourt Electricity Distribution Company (PHED) may be swimming in fresh turmoil on both ends as its workers began picketing of its offices in four states at the same time the Afam community, its host community in Rivers State, staged a demonstration.
Agusto & Co, an indigenous African credit rating agency is forecasting a revenue fall of about N4.3 trillion by oil marketers in Nigeria due to the economic impact of Coronavirus pandemic on fuel consumption.