Nigeria now ranks seventh on Organization of the Petroleum Exporting Countries’ crude oil production list, according to the organization’s Monthly Oil Market Report for November, which examined oil production performance …
Category:
Energy
- BusinessEconomyOil & GasSouth Africa
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could …
The Federal Government has identified about 213 gas blocks that are open for investments. A document obtained by The PUNCH titled, “Nigeria’s Cretaceous Basins: The Potentials for Gas,” put together by the …
- BuildingEconomyFood ProductionNigeriaOil & Gas
foreign exchange scarcity and fuel price push inflation to 21.09%
The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in …
Despite being a traditional energy import market, Morocco has worked on building competitive renewable energy infrastructure which contributed to boosting the attractiveness of the domestic market among foreign investors. This …
- BusinessEconomyFinance & ServicesNigeriaOil & Gas
Investors dump shares in exchange’s alternative Securities Market board
Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …
- BusinessEconomyEnergyNigeriaUncategorized
Hossana foundation to train 10,000 of FCT youths with solar energy skills
A non-governmental organization, the Hope Hossana Foundation, is collaborating with the DG-Integrated Energy services, to train 10,000 youths in the Federal Capital Territory in the energy sector. The training project, …
- BusinessEconomyEnergyNigeriaSpotlightUncategorized
Nigeria pushes for $400bn energy transition plan funding
The Federal Government is pushing for funding to the tune of $400bn to help implement Nigeria’s Energy Transition Plan. The Minister of Environment, Mohammed Abdullahi, said the push was being …
The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and …
Finance Minister Enoch Godongwana and Public Enterprises Minister Pravin Gordhan met with World Bank president David Malpass on Saturday to finalise funding to convert the recently decommissioned Komati coal power station …