News

SUNREF £70m Green Energy Financing Will Make Manufactured Goods Competitive-MAN

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

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Oil Prices Below $40: What it Means for Nigeria, Local Oil Companies, Banks

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.

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Nigeria's $10 Per Barrel Production Cost Target Requires New Process

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.

 

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CBN Releases Guidelines for Solar Connection Intervention Facility

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

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National Grid to Get Additional 126MW to Enhance Power Supply Network

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

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Oil Companies Eye Billions in Savings on Process Digitalisation

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.

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Despite COVID-19, MOJEC Installed Over 32,000 Meters in Agust

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).

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NNPC to Adopt NLNG Model in Refinery Rehabilitation, Sets 3 Years Target

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

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PH DisCo in Fresh Turmoil as Workers, Afam Community Stage Separate Demonstrations

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.

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Oil Marketers' Revenue to Drop by N4.3trillion in 2020- Agusto& Co

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.

 

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