Fuel queues disappearing, electricity supply improving as Buhari summons Ministers, others
The president had earlier expressed his concern over frequent power outages, apologising to Nigerians and assuring of prompt solution to the challenges.
Year: 2022
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REA signs deal with ENGIE Energy Access
The Rural Electrification Agency of Nigeria (REA) and ENGIE Energy Access have extended their partnership through a supplement to the existing output-based fund (OBF) agreement.
We don’t know exact daily petrol consumption —FG
As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.
FG is determined to end crude oil theft, says Sylva
The Minister of State Petroleum Resources, Chief Timipre Sylva, said this on Wednesday at Bonny Island, Rivers, while addressing officers of the 146 Battalion and other security agencies represented in the fight against oil theft.
Oil rich, electricity poor. What will it take to solve Nigeria’s energy crisis?
Yet Nigerians have continued to battle poor power supply with the situation worsening last week when the country’s power grid collapsed twice causing a huge black out across most parts of the country.
2022 Africa Oil Week holds October 3 in Cape Town
Under the theme ‘Sustainable Growth in a Low Carbon World’, Africa Oil Week will advocate the importance of developing hydrocarbons in Africa and the sustainable development of oil and gas.
FG advocates for a multi-track energy transition programme
Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognisance of the current global energy transition in the direction of renewable energy.
High price of diesel
Today, it is dispensed at about N720-N730 per litre. This is a dilemma for Nigerian manufacturers who had hitherto been operating under a most inclement business climate. Indeed, this is the essence of the manufacturers’ plea to government for help.
Electricity Crisis: Three reasons Nigeria is in darkness —Barth Nnaji, former Power Minister
“If we are going to be a mid-level economy, then we should clearly be talking about having the sort of power supply that Brazil has, which is over 100, 000 megawatts. If we are going to have 100, 000 megawatts of power supply, then we need to have transmission lines to match that capacity, but we don’t have it”.
Subsidy deduction: Allocation Committee meets today as NNPC action threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation Committee is scheduled to meet on Tuesday (today).