Energy
Oil & Gas and Power Sector related news
Senate raises alarm over $1.5 billion spent on Port Harcourt refinery in 2021 with no results
The Nigeria Senate has raised concerns over the $1.5 billion approved in 2021 for the turn-around maintenance of the Port...
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Dangote Refinery: Sales of crude oil in Naira has not started, says Association of Nigeria Refineries
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said that none of their members have begun receiving the sales...
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Nigeria’s crude output rises to 1.7 million bpd amid crackdown on oil theft – Chief of Naval Staff
Nigeria’s Chief of Naval Staff, Emmanuel Ikechukwu Ogalla, stated that crude oil production has risen to between 1.6 million and...
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Why Shell refused to buy stake in Nigeria’s refineries when I offered – Obasanjo
Former Nigeria’s President, Chief Olusegun Obasanjo has explained the reason why Shell refused to buy equity stake in Nigeria’s refinery...
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TCN denies collapse of national grid, says power failure caused by line tripping at Egbin Substation
The Transmission Company of Nigeria (TCN) has refuted claims of a national grid collapse on Monday, clarifying that the incident...
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Nigeria’s electricity regulator transfers electricity market oversight in Oyo to state regulator
The apex regulator of the electricity industry in Nigeria- Nigeria Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the...
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House of Reps dissolve committee to probe adulterated petrol imports, non-availability of crude oil for local refineries
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream that was probing the activities of...
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Nigeria’s oil and gas sector holds 28% of bank credit in Q1 2024
The total banking sector credit to the Nigerian economy more than doubled year-on-year rising to about N53 trillion at the...
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Why Nigeria needs to ramp up crude oil production to 4 million barrels per day – Atiku Bagudu
The Minister of Budget and Economic Planning, Atiku Bagudu, has outlined the necessity for Nigeria to ramp up its oil...
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CNG will save Nigeria over N2 trillion used in petrol, diesel imports – Tinubu
President Bola Tinubu has stated that the Compress Natural Gas (CNG) initiative will save the country over N2 trillion in funds...
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