According to the latest report from the International Energy Agency(IEA). The global electricity demand is growing at a record rate and projected to grow at an average annual rate of 3.6 per cent between 2026 and 2030. The report attributes this growth to rapid industrialization, the increasing adoption of electric vehicles, rising air conditioning needs, […]Read More
February 13, 2026 During the just-concluded 39th Session of the Executive Council of the African Union, Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance. A major highlight of the session was the Council’s agreement to grant Nigeria a permanent seat on the […]Read More
The Rural Electrification Agency (REA), in collaboration with the Government of the Republic of Korea, has officially launched a clean energy infrastructure featuring a combined capacity of 1MW for two communities as part of the Korean Energy Project (KEP). This initiative includes a 900 kWp solar hybrid facility in Rubochi and a 100 kWp system […]Read More
February 12, 2026 Crude oil production from the OPEC+ alliance slumped by as much as 439,000 barrels per day in January compared to December as a major supply disruption in Kazakhstan added to lower output from Iran and Venezuela, OPEC data showed in its Monthly Oil Market Report (MOMR). Total OPEC+ crude oil production averaged […]Read More
February 12, 2026 Hundreds of business executives from European companies have demanded that the European Union authorities take steps to lower energy prices, warning that failure to act would cause an investment outflow and further harm European companies’ competitiveness. “EU electricity prices in Europe still remain higher inside Europe than in competing countries. Carbon costs […]Read More
February 12, 2026 Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000 bpd expected last month. All the 850,000 bpd growth this year is poised to come from developing economies, with China leading […]Read More
Seplat Energy Plc, a partner in a Joint Venture with NNPC Ltd and a key provider of natural gas to the NNPC Gas Infrastructure Company (NGIC) pipeline system, has initiated a planned maintenance operation on its gas production facilities from February 12 to February 15, 2026. This maintenance is part of routine procedures focused on […]Read More
February 12, 2026 Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country. “This year, we can drive a dramatic increase in Venezuelan oil production, in Venezuelan natural gas production and Venezuelan electricity production,” Wright said, as quoted by […]Read More
February 10, 2026 President Bola Tinubu has appointed Hon. Magaji Da’u Aliyu as the Managing Director of the Sheda Science and Technology Complex, Abuja. The Sheda Science and Technology Complex (SHESTCO) is responsible for conducting research and development in technology and for operating a nuclear research facility. President Tinubu also appointed Engr. Adesayo Olusegun Michael […]Read More
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has identified shared infrastructure, policy alignment, coordinated investment frameworks, cross-border knowledge and technology exchange, integrated gas market development, and sustained regional diplomacy among National Oil Companies (NOCs) as key pillars for securing Africa’s energy future. Ojulari disclosed this during a fireside chat with […]Read More
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