British independent energy company, Savannah Energy Plc, has announced its financial results for the year ended 31st December 2024, with a total income of $393.8 million, marking a significant increase …
Category:
Energy
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Crude oil refiners in Nigeria have raised alarm over their inability to access crude oil locally, blaming the situation on oil producers’ preference to sell crude to international traders in …
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BusinessDevelopmentELECTRICITYEnergyEnvironmentInfrastructureNigeria
Off-Grid Power in Lagos Now Bigger Than Nigeria’s National Grid, Says AFC Report
A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
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AgricultureEconomyEnergyPolitics
Peter Obi Slams Tinubu’s Economic Reforms as ‘Haphazard’, Says Fuel Subsidy,
Former Labour Party presidential candidate, Peter Obi, has criticised the Bola Tinubu administration for what he described as the disorganised and poorly executed removal of fuel subsidy and the floating …
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Local crude oil refiners in Nigeria have raised alarm over their inability to access crude oil for their operations, accusing oil producers of prioritising sales to international buyers who pay …
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Dangote IndustriesEconomyEnergyNigeriaOil & GasPoliciesUncategorized
IPMAN Says Dangote Should Sell Petrol Below N825, Cites Naira Deal and Local Refining
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …
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ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
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EconomyELECTRICITYEnergyGOVERNMENTInfrastructure
Power Sector Crisis: DisCos Lose Over N202bn in Q1 2025
Nigeria’s electricity distribution companies, popularly known as DisCos, are once again in the spotlight as revenue shortfalls continue to haunt the sector. In the first quarter of 2025 alone, the …
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BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
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BusinessEnergyInnovationMarketsNigeriaOil & GasTechnology
PETROAN Endorses Petroleumprice.ng as Official Digital Platform for Petroleum Pricing and Market Intelligence
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the recognised digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria. …