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REA Secures $750m To Provide Electricity For 17.5m Nigerians
energy news power

REA Secures $750m To Provide Electricity For 17.5m Nigerians

October 17, 2024

The Rural Electrification Agency (REA) has stated that it just crystallised $750 million in funding that would provide electricity access to 17.5 million Nigerians.  According to the agency, 1.5 million Nigerians grew interconnected mini-grids to enhance electricity reliability. “Three million of them grew isolated mini-grids to create electricity access for the first time, and about […]Read More

ExxonMobil-Led Consortium Advances to Second Exploration Phase off Crete
energy news offshore Oil and Gas

ExxonMobil-Led Consortium Advances to Second Exploration Phase off Crete

October 10, 2024

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

Increased petrol price by NNPC will prompt a vicious cycle of economic hardship – NACCIMA
news Oil and Gas

Increased petrol price by NNPC will prompt a vicious cycle

October 10, 2024

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed concern over the increasing petrol pump prices in Lagos and Abuja, cautioning that this could lead to widespread economic challenges nationwide. Dele Oye, the National President of NACCIMA, raised these issues in a statement issued on Wednesday in Lagos. Oye pointed […]Read More

NNPCL Increases Petrol Price to N998 in Lagos, N1030 in Abuja
news Oil and Gas

NNPCL Increases Petrol Price to N998 in Lagos, N1030 in

October 9, 2024

The Nigerian National Petroleum Company (NNPC) Limited has increased the price of Premium Motor Spirit, commonly known as petrol, from N855 per litre to N998 in Lagos and N1030 in Abuja. This price hike, which took effect on Wednesday, was noticeable at all NNPC depots in Lagos State and Abuja. The latest pricing reflects a […]Read More

Nigerian Firm Secures €40 Million German Waste Management Contract
energy news

Nigerian Firm Secures €40 Million German Waste Management Contract

October 7, 2024

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

Fire Guts NNPC Depot in Lagos
news Oil and Gas

Fire Guts NNPC Depot in Lagos

May 17, 2024

A tank farm in Apapa, Lagos State, reportedly owned by the Nigerian National Petroleum Company (NNPC) Limited, has caught fire, according to the Lagos Fire Service. Margaret Adeseye, Director/CEO of Lagos State Fire Service, explained that the fire stemmed from a spillage of petroleum products within the tank farm’s perimeter.  She emphasised collaborative efforts with […]Read More

Tinubu Appoints Dangote, Kola Adesina, Elumelu, Rabiu as Presidential Economic Council Members
General News news

Tinubu Appoints Dangote, Kola Adesina, Elumelu, Rabiu as Presidential Economic

March 27, 2024

In a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Task Force (EET). According to the statement signed by Ajuri Ngelale, […]Read More

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