Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …
Category:
Energy
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
- AfricaBusiness and EconomyEconomyEnergyNigeriaOil & GasWestern Africa
FG Panel Reconvenes Monday Over Naira-for-Crude Oil Controversy
Abuja — The Federal Government’s investigative panel set up to unravel the controversial “naira-for-crude oil” swap deal is expected to reconvene on Monday, March 25, amid growing public concern over …
In a move that has sent shockwaves through South Africa’s renewable energy sector, Eskom, the nation’s primary electricity supplier, has introduced stringent regulations targeting homeowners with rooftop solar installations. These …
- AfricaAFRICA NEWSEconomyEnergyEnvironmentNigeriaWestern Africa
Nigeria Firms Launch $500m Fund to Boost Renewable Energy Projects
In a bold move to tackle the nation’s persistent power woes and reduce dependence on fossil fuels, a coalition of Nigerian firms has unveiled a massive $500 million fund targeted …
- AFRICA NEWSBusinessBusiness and EconomyEconomyEnergyNigeriaOil & GasUncategorizedWestern Africa
Sale of SPDC, ExxonMobil Assets to Deepen Local Content – Experts
Industry experts have described the ongoing sale of Shell Petroleum Development Company (SPDC) and ExxonMobil assets as a golden opportunity to deepen local content in Nigeria’s oil and gas sector. …
- AfricaEconomyEnergyGOVERNMENTNigeriaOil & GasWestern Africa
Rivers Pipeline Explosion Triggers $35.3 Million Daily Losses Amid State of Emergency
Nigeria faces a staggering economic setback following a pipeline explosion in Rivers State, potentially leading to losses exceeding $35.3 million daily. The incident, which significantly hampers oil exports from the …
- AfricaAFRICA NEWSBusiness and EconomyEnergyGOVERNMENTNigeriaOil & GasPoliticsSecurityWestern Africa
Tinubu Declares State of Emergency in Rivers, Suspends Fubara’s Deputy
President Bola Tinubu has officially declared a state of emergency in Rivers State, Nigeria, following escalating political instability and governance challenges in the region. The move comes after mounting tensions …
- Business and EconomyEconomyEnergyNigeriaOil & GasPoliticsSecurity
Pipeline Explosion Disrupts Nigerian Oil Exports Amid Rivers State Political Crisis
A pipeline explosion in Rivers State early tuesday has disrupted Nigeria’s oil exports, creating serious concerns for the economy. The damaged infrastructure connects onshore production sites to key export terminals. …
- AfricaAFRICA NEWSEnergyINVESTMENTOil & Gas
Federal Government of Nigeria witnesses deal inked for the investment, development, and financing of the $20B Ogidigben Gas Project
ln a significant step toward advancing Nigeria’s industrialization ambitions, Alpha Grip Management Company (AGMC), a subsidiary of UAE-based Alpha Group, has partnered with China National Chemical Engineering International Corporation Ltd. …