By Oke Peter Power generation in the country plunged to 2,390.20 megawatts on Monday, as the number of idle power plants rose from seven to 15, according to the latest data from the Federal Ministry of Power, Works and Housing. Total electricity generation has been hovering below 4,000MW in recent months and stood at 3,741.30MW…
Esther Abiola with Agency Report Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Nigeria has remained a home for dirty fuels (with sulphur), which results in vehicle…
The narration of estimated billings and unreliable power supply in Nigeria has for years been a source of concern for electricity consumers. Estimated billings are bills that do not reflect the correct status of energy consumed. Such bills far exceeding what a customer could have consumed within the billing period. Hence, consumers are often reluctant…
By Irina Slav Crude oil prices have gone up high enough to begin hurting demand for the commodity, the chief of the International Energy Agency, Fatih Birol, said as quoted by Reuters on the sidelines of an industry event in Singapore. Birol noted the adverse effect of higher oil prices on large emerging economies in…
