November 14, 2025 NCP: The National Council on Privatisation on Thursday approved the request by the Bureau of Public Enterprise to follow through on the engagement with Transcorp Power Consortium to secure execution of the Performance Agreements (PAs) on the sale of Afam Power Plc and Afam III Fast Power Limited. The target is to […]Read More
October 22, 2025 Crude oil inventories in the United States decreased by 1 million barrels during the week ending October 17, after gaining 3.5 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 422.8 million barrels according to […]Read More
October 21, 2025 Portugal’s largest energy company, Galp Energia, is ramping up exploration across Africa and Latin America as global oil demand remains resilient and the energy transition proves slower than anticipated. “The world has changed,” said Executive Board Member Nuno Bastos on Tuesday, noting that the war in Ukraine and renewed energy security concerns […]Read More
October 17, 2025 China’s incredible pace of clean energy spending has made the world’s second-largest economy the single-largest producer of clean energy by a long shot. This dominant position in global energy markets doesn’t just stem from domestic production capacity, but from increasingly significant control of global supply chains for clean energy technologies and materials, […]Read More
October 7, 2025 The Eko Electricity Distribution Company Plc (Eko DisCo) has announced the formal registration of Excel Electricity Distribution Company Limited as a 100 percent subsidiary. In a statement signed by the management of Eko Distribution Company, the new company will oversee electricity distribution operations within Lagos State in line with state regulatory requirements. […]Read More
6th October 2025 The attention of Eko Electricity Distribution Company (EKEDC) has been drawn to news report circulating on various media platforms, titled “New electricity distribution firms take over from Eko, Ikeja Discos.” While the report acknowledges recent regulatory developments in the Lagos electricity market, it contains certain inaccuracies that require clarification in the interest […]Read More
September 18, 2025 The prices of key seaborne thermal coal grades rebounded in September from four-year lows in June and July as China ramped up coal imports amid higher summer demand and falling domestic production. After months of declining coal imports earlier this year, with July arrivals down by 23% from a year earlier, China’s coal imports […]Read More
September 14, 2025 Britain and the United States are set to sign a sweeping agreement to accelerate nuclear power development during U.S. President Donald Trump’s state visit this week, marking what Keir Starmer described as the start of a “golden age of nuclear.” The accord, known as the Atlantic Partnership for Advanced Nuclear Energy, is designed to […]Read More
The Bureau of Public Enterprises (BPE) has concluded plans to list two Electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange. The disclosure was made in Abuja on Tuesday by the BPE Director-General, Mr. Ayodeji Gbeleyi, during a media briefing but declined to name the DisCos and GenCo, citing confidentiality. […]Read More
The Dangote Petroleum Refinery is operating more reliably and efficiently than ever before, with output rising to around 610,000 barrels per day this month, edging closer to its official nameplate capacity of 650,000bpd, global energy and commodity agency Argus has revealed Speaking on a podcast titled “Can the Dangote Refinery Declare Victory Over Doubters?”, obtained by […]Read More
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