The Nigerian power grid collapsed once again on Monday, 19 October 2024, marking the sixth time this year that the entire country has been plunged into total darkness. According to data from the Nigerian System Operator’s portal (niggrid.org), by 7:00 pm and at the time this report was filed, the grid had registered an unprecedented […]Read More
A consortium led by the U.S. oil giant ExxonMobil has completed the initial exploration phase southwest of the Greek island of Crete and has opted to proceed to the second stage, according to Greece’s state-owned Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) on Thursday. ExxonMobil and Helleniq Energy are collaborating on these exploration studies […]Read More
Nigerian Electricity Distribution Companies (DisCos) generated N431.16 billion in revenues from customers during Q2 2024, reflecting a collection efficiency of 79.31%. This information is detailed in the quarterly report of the Nigerian Electricity Regulatory Commission (NERC) for the second quarter of 2024. The revenue was based on a total billing of N543.64 billion, marking a […]Read More
Alhaji Aliko Dangote, President of Dangote Group, revealed on Tuesday that the Dangote Refinery was constructed without any government incentives. Dangote made this remark during his keynote speech at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit held in Lagos, which was themed “Making Nigeria a Net Exporter of Petroleum Products.” Represented by […]Read More
The Nigerian federal government has announced that the Dangote Refinery has been designated as the sole supplier of jet fuel, or Jet A1, to aviation companies operating within the country. This was revealed by Festus Keyamo, the Minister of Aviation, during an interview with Channels TV on Tuesday. According to Keyamo, airline operators have agreed […]Read More
Mohamed Ibn Chambas, a distinguished diplomat and the African Union High Representative for Silencing the Guns, has hailed the Dangote Refinery, with its capacity of 650,000 barrels per day, as a transformative initiative that could help lift Africa out of poverty. The Chairman of the African Union High-Level Panel on Sudan made this remark during […]Read More
The Federal Government is preparing to supply up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under a naira-for-crude agreement, according to a report by Bloomberg on Monday. The report stated that this significant development is expected to occur within the next two months, amounting to 24 million barrels of Nigerian […]Read More
A Nigerian waste management firm has signed a €40 million export agreement with two German companies for the delivery of three waste treatment plants and waste collection trucks to Nigeria. Zoomlion Nigeria finalised the deal with FIMA Industries Germany and FAUN Umwelttechnik GmbH during the German-Nigerian Business Forum held in Lagos on Monday. Lucas Dörr, […]Read More
The Federal Government has revealed that crude oil sales to Dangote Refinery and other local refineries in naira commenced on October 1, 2024. This was confirmed by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, in a statement released on Saturday. The Federal Executive Council (FEC) had approved the sale of […]Read More
The International Energy Agency (IEA) has expressed concerns about possible gas supply challenges due to rising global consumption and ongoing geopolitical tensions as winter approaches. In its latest report, the IEA highlighted that industrial demand, particularly from Asia, is driving a significant increase in gas consumption. The agency predicts that global gas demand will rise […]Read More
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