Nigeria spends $3.3bn annually on metals importation —Minister
The Minister of Mines and Steel Development, Olamilekan Adegbite, stated on Monday that
Nigeria spends about $3.3bn every year on the importation of metals.
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Electricity tariff reviews’ll now follow service-based principles —NERC
NERC explained in a media statement that “under these service-based principles Discos will only be able to review tariff rates for customers when they consult with customers, commit to increasing the number of hours of supply per day and quality of service. In all cases poor and vulnerable Nigerians will not experience any increase.”
Filling stations’ll dispense gas in vehicles from September, says FG
Documents obtained from the Federal Ministry of Petroleum Resources in Abuja on Friday stated that the Committee on National Gas Expansion Programme had been assigned to ensure the effective implementation and take off of this initiative.
Adesina re-elected as president of the AfDB Group
The announcement was made on Thursday, August 27, 2020 by the Board of Governors of the Bank. As the newly re-elected President, Dr Adesina will begin his new term on September 1, 2020.
Petroleum ministry vehicles to run on autogas, says Sylva
It was gathered on Tuesday that the Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave the directive in Abuja, had already submitted all his vehicles to be converted to run on gas, as opposed to petrol.
Pandemic heralds new world order for energy
Changes forced by Covid-19 may mean the global energy mix has permanently shifted in favour of lower-carbon fuels—if governments decide to support the progress, says Engie’s Laurent Nery
Renewable energy remains one of America’s most attractive investment options
In ACORE’s new analysis, Expectations for Renewable Energy Finance in 2020-2023, both investors and developers reported confidence in the continued growth of the renewable energy sector over the next three years.
Schneider Electric launches products to reduce Nigeria’s US$29 billion annual power disturbances cost
Based on figures from World Bank, the Nigerian economy annually loses as much as US $29 billion to power disturbances across its various sectors of its activities.
NPDC targets 600mmscf/d of gas supply to domestic market
The managing director of NPDC, Engineer Mansur Sambo, made this known during a facility tour of the company’s Oredo Gas Handling Plant by the NNPC Group Managing Director, Mallam Mele Kyari, in Benin City, Edo State.
PIB Passage will attract investments, develop energy sector —Neconde Energy Head of Gas Ventures, Chichi Emenike
Emenike stressed further that the speedy passage of the PIB will encourage more investors in the oil and gas space to see Nigeria as a choice investment destination where their stakes will be protected.