Fresh from his comfortable re-election, Nigerian President Muhammadu Buhari faces a huge hurdle to keep his vow to end the economy’s addiction to oil: win a lasting peace in the crude-rich Niger River delta. The 76-year-old former military ruler will have to score a breakthrough that’s eluded previous governments in an area where armed groups…
Eight months after the signing of the Front End Engineering Design contract for Train 7 of the Nigeria LNG Limited, there is still uncertainty as to when the shareholders will take the final investment decision on the project. The Punch newspaper has reported. The Nigeria National Petroleum Corporation (NNPC), which is one of the shareholders,…
Being a text of an address by Mr. Siim Kiisler, President of the fourth UN Environment Assembly and Ms. Joyce Msuya, Acting Executive Director of UN Environment at the opening plenary of Fourth United Nations Environment Assembly in Nairobi, Kenya. Honourable Minister Siim Kissler, Minister of Environment for Estonia and President of the fourth UN…
Access to clean energy in the Gambia is set to be transformed under a new €142 million initiative to harness solar power and supply clean energy across the country, backed by the European Investment Bank, World Bank and European Union. Once operational the scheme will increase energy supply in the Gambia by one fifth and…
By Oke Peter The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 percent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell to 64.06 million barrels last year from a five-year high of 112.92 million barrels in…
EnergyNet Limited has announced that the co-located ‘Africa Energy Forum: Off the Grid’, and ‘Regional Energy Co-operation Summit’ meetings taking place in Addis Ababa, Ethiopia between 27 and 29 March will welcome the launch of the updated version of Ethiopia’s National Electrification Program (NEP 2.0), presented by the Government of Ethiopia. According to a statement…
By Oke Peter Power distribution companies in the country failed to remit a total of N325.54bn to the Nigerian Bulk Electricity Trading (NBET) for the electricity sold to them from January to October last year. The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to…
Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries (OPEC), a new survey has shown. OPEC and 10 non-OPEC countries agreed in December to cut oil production by 1.2 million barrels per day effective from January for an initial period of six…
Azuri Technologies, a leader in pay-as-you-go solar in Africa and crowdfunding platform, Energise Africa yesterday announced the latest phase of debt financing from United Kingdom (UK) impact investors to deliver affordable, clean energy and help solve the energy crisis in Nigeria and other sub-Saharan Africa countries. The Azuri and Energise Africa collaboration plans to raise…
Esther Ajibola – Lagos The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote has said that next two years promises to be bright for operators in the Nigerian oil and gas industry with an investment opportunities of $25 billion underway. Addressing journalists in Lagos yesterday, Wabote revealed that within the past…
