• June 7, 2023
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UNDP, NGO Partner to Global Address Plastic Pollution, Behavioural Changes

UNDP, NGO Partner to Global Address Plastic Pollution, Behavioural Changes

June 6, 2023

The United Nations Development Programme (UNDP) and Rare have partnered to globally tackle plastic waste management and behaviour change, according to a statement by the UNDP. The statement added that the Global Environment Facility Small Grants Programme (GEF SGP) implemented by the UNDP and the Rare’s Center for Behavior and the Environment (BE.Center) are collaborating […]Read More

NLC, TUC Call Off Strike, Demand Fixing Refineries, Others

NLC, TUC Call Off Strike, Demand Fixing Refineries, Others

June 6, 2023

The Nigerian Labour Congress and the Trade Union Congress have agreed to suspend the planned nationwide strike scheduled to begin on Wednesday. The strike was suspended after hours of talks between the government and labour unions. The government, led by Speaker of the House of Representatives Femi Gbajabiamila, agreed to review the unions’ demands. The […]Read More

EU Invests £32M to Boost Energy in West Africa

EU Invests £32M to Boost Energy in West Africa

June 6, 2023

The European Union (EU) is expanding the sum of £32 million as part of the ongoing effort to boost the energy sector in Nigeria and neighbouring West African countries. The AGoSE-AO program, which seeks to Improve governance of the energy sector in West Africa, was commissioned through the 11th European Development Funds and is to […]Read More

Nigeria’s Oil Revenues to Plummet as OPEC Caps Output

Nigeria’s Oil Revenues to Plummet as OPEC Caps Output

June 5, 2023

The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed on Sunday to cut global oil production by 1.393 million barrels per day. The decision, which was made during a virtual meeting, will reduce Nigeria’s oil production quota by 20.7 percent. Under the new production schedule, Nigeria’s quota will decrease to 1.380 million barrels […]Read More

NNPC to Pay Cash for Petrol Imports, Ends Oil Swap Contracts

NNPC to Pay Cash for Petrol Imports, Ends Oil Swap

June 5, 2023

The Nigerian National Petroleum Company (NNPC) Limited has announced that it will end its oil swap contracts with traders and will instead pay cash for petrol imports. The move is part of a broader plan to deregulate the petrol market and reduce the burden on government finances. Under the current oil swap arrangement, the NNPC […]Read More

Renewable Power To Shatter More Records As Countries Speed Up Deployment, Says IEA

Renewable Power To Shatter More Records As Countries Speed Up

June 2, 2023

With the global energy crisis as a catalyst, solar PV and wind are set to lead the largest annual increase in new renewable capacity ever, a new report by the International Energy Agency has shown. Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher […]Read More

Subsidy Removal: NLC To Begin Nationwide Strike Wednesday

Subsidy Removal: NLC To Begin Nationwide Strike Wednesday

June 2, 2023

The Nigeria Labour Congress will commence a nationwide strike Wednesday, EnergyPlanets reports. The strike will be embarked upon if the government fails to reverse the new pump price for Premium Motor Spirit, also known as petrol. Joe Ajaero, national president of the NLC, made this known during a press briefing in Abuja on Friday. This […]Read More

Petrol Subsidy Removal To Boost Nigeria’s Sovereign Wealth Fund – NSIA

Petrol Subsidy Removal To Boost Nigeria’s Sovereign Wealth Fund –

June 1, 2023

Nigeria’s Sovereign Investment Authority (NSIA) said scrapping fuel subsidies would increase the amount of money available to the country’s sovereign wealth fund, which is expected to receive between $100 million and $200 million from the government this year, according to a statement by Reuters. In a panel at the Sovereign Wealth Fund Institute conference in […]Read More

NNPC Officially Adjusts Petrol Pump Amid Concerns Over Subsidy Removal

NNPC Officially Adjusts Petrol Pump Amid Concerns Over Subsidy Removal

June 1, 2023

The Nigerian National Petroleum Company (NNPC) Limited has adjusted the prices of premium motor spirit (PMS), also known as petrol, at all of its branches, the company said in a statement. he pump price of petrol at the state-owned company in Lagos stood at N488 per litre since on Wednesday, May 31, 2023, noon. According […]Read More

Global Wind Turbine Order Intake Sets Q1 Record, Increases 27% YOY

Global Wind Turbine Order Intake Sets Q1 Record, Increases 27%

May 31, 2023

Global wind turbine order intake hit a new first quarter record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie. Activity was driven by a new Q1 record set in China (15.2 GW), record Q1 growth in Latin America (1.7 GW) and the US jumping […]Read More

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