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 …
Tag:
ENERGY
- 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. …
- AfricaBusinessEconomyEnergyInternational RelationsOil & Gas
Nigeria’s Walcot Group wins three oil blocks in Angola
Walcot Group, a well-known Nigerian energy company, has signed a production sharing contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG). The signing took place last …
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …
- EnergyNigeriaTechnology
MMNL- Owned StarPlus Holds Technical Seminar in Asaba to Equip Installers with Advanced Energy Solutions
In a bid to enhance the technical skills of installers and technicians across Nigeria, Metal Manufacturing Nigeria Limited (MMNL) owned StarPlus, the nation’s largest producer of tubular batteries, recently organized …
- EnergyNigeriaTechnologyWestern Africa
Seplat witnesses a profit jumps 9-month by 144% to N34 billion amid oil price boom
Nigeria’s biggest quoted oil and gas company Seplat Energy Thursday posted a net profit of N34 billion ($618.6 million) for the year to September, 144 per cent stronger than the …
- AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
Shell acquires Nigeria’s Daystar power in first Africa power buy
Energy giant Shell Plc has acquired Nigeria-based hybrid solar power solutions provider Daystar Power, in its first acquisition of a power firm in Africa. Founded in 2017, Daystar Power is …
- AfricaBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt’s energy sector represents 13% of GDP
The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …
- AfricaAFRICA NEWSBusinessEnergyNewsOil & GasScienceSouth AfricaSouthern AfricaTechnology
South African court stops energy giant Shell from seismic survey along wild coast
A South African court has delivered a judgement putting an end to the use of seismic waves by energy giant Shell to explore for oil and gas off the Wild …
- AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyNewsNigeriaWestern Africa
Nigeria signs deal with Turkish firm to increase energy supply
The Nigerian Bulk Electricity Trading (NBET) Plc says it has signed a partnership deal with Energy Exchange Istanbul (EXIST), a Turkish energy firm, to ramp up energy generation and supply. Over the …
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