President Bola Tinubu has given the green light to a ₦3.3 trillion payment plan designed to finally settle long-standing debts in Nigeria’s power sector, a move officials say will bring much-needed stability to electricity supply across the country. The approval follows a comprehensive verification of legacy debts that have plagued the sector for over a […]Read More
The Rural Electrification Agency (REA), in its latest disbursement of funds for renewable energy projects nationwide, has allocated N7.95 billion to Havenhill to support the procurement of critical equipment for four mini-grid projects spanning Taraba, Kwara, and Kogi States. Similarly, N1.056 billion was released to Faraday & Otstred Limited for mini-grid deployments across three sites […]Read More
April 4, 2026 The Labour Party’s 2023 presidential candidate, Peter Obi, has called on Nigerians not to re-elect President Bola Tinubu in the upcoming 2027 general election, over what he described as failure to fulfill a 2023 campaign promise to improve power supply if elected. He made a call in a statement posted on his […]Read More
April 03, 2026 China plans to phase out some of its outdated petrochemical plants by 2029 and upgrade others, under new directives issued by the authorities on Friday. The Chinese authorities will review which facilities will be upgraded and which will be closed, using lists of outdated petrochemical plants compiled by local governments in recent […]Read More
April 03, 2026 President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has […]Read More
April 03, 2026 Operations at the Habshan gas facilities, the biggest gas processing site in the United Arab Emirates, were suspended early on Friday following a fire that erupted after an attack, Abu Dhabi Media Office said. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated […]Read More
April 3, 2026 Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed. He expressed his satisfaction, noting, “It is encouraging to hear that production has reached 1.84 million barrels per day. This is excellent progress and aligns perfectly with President Bola Tinubu’s directive.” […]Read More
Adeleye Falade has officially assumed office as the Managing Director and Chief Executive Officer of NLNG. He took up the role on Wednesday at the company’s Corporate Head Office in Port Harcourt, succeeding Philip Mshelbila, who was recently appointed Secretary-General of the Gas Exporting Countries Forum (GECF). General Manager, External Relations and Sustainable Development, Sophia […]Read More
April 02, 2026 Crude oil price moved higher today, adding some 5% from Wednesday, following President Donald Trump’s address to the nation, in which he said the United States would continue attacking Iran. Brent crude was trading at $107.49 per barrel at the time of writing, up by over 6% from Wednesday. WTI was up […]Read More
April 02, 2026 India on Thursday temporarily abolished the import tax on 40 key petrochemicals to provide relief to a range of industries as domestic petrochemical output is now diverted to the production of liquefied petroleum gas (LPG), the primary cooking fuel in the country. India’s Ministry of Finance said today it is providing full […]Read More
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