Nigerians to pay more for petrol as naira-for-crude talks crumble
Immediately after the announcement, the cost of loading petrol at private depots in Lagos jumped to about N900/litre. It was less than N850/litre before the announcement.
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Global growth in demand for electricity accelerated drastically
Despite the risk of global economy slowdown, the global growth in demand for electricity accelerated substantially: in 2023, global electricity consumption grew by 2.5%, and in 2024 – by 4.3%. In absolute terms, the growth reached 1,080 TW*h exceeding the total annual electricity consumption in France and Germany.
Nigeria courts Chinese investment as interest booms in oil, gas and bigger opportunities
Abuja pushes for shift towards value-added exports amid increasing concern about trade imbalance that favours Beijing
NDPHC boss seeks Federal Government’s intervention over power sector N4tn debt
The intervention should begin with the settling of over N4tn owed to power-generating companies and facilitating funding for ongoing projects to enhance electricity access nationwide
Shell CEO seen focusing on LNG as key part of growth strategy
The company in recent months spun off its UK North Sea business, sold its onshore Nigeria exploration and production arm and suffered drilling setbacks off Namibia.
Egbin Power boosts human capital development with Learning Academy
This strategic initiative directly aligns with our long-term goals of fostering innovation and ensuring sustainable growth,
Americas LNG Summit & Awards 2025 returns to Lake Charles, USA October 19
The 21st Americas LNG Summit & Exhibition will welcome over 2,000 attendees from 50+ countries, 100 regional and international exhibitors, 150 speakers and 40 conference sessions.
Germany: TotalEnergies pursues growth in electricity by launching six new battery storage projects
This storage capacity will allow TotalEnergies to contribute to the resilience of the German power system, by reducing congestion and adding flexibility in order to quickly boost the country’s renewables sector.
FG to offset N4.7tn debt to save power generation companies from collapse
The debt to the Gencos rises every day. Every time you see power on, it is naira and kobo.
Naira-for-crude policy will affect Nigeria’s foreign exchange stability and FDIs, DAPPMAN cautions
If crude oil transactions are linked to the Naira, these issues will only worsen, potentially triggering capital flight and causing foreign investors to seek alternative markets.