Nigeria Firmly Committed to 2060 Energy Transition Plan- Representative Nkwonta Chairman of the House of Representatives Committee on Climate Change, Hon. Chris Nkwonta, has affirmed his dedication to facilitating Nigeria’s attainment of the target to achieve net-zero greenhouse gas emissions by 2060, as outlined in the nation’s energy transition plan. During the committee’s inauguration on…
TCN Refutes Nationwide Blackout Reports, Affirms Active Operation of National Control Centre The Transmission Company of Nigeria (TCN) has denied reports suggesting a nationwide blackout due to the strike declared by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC). The Head of Public Affairs of TCN refuted the claims that there would be…
Maritime Workers Union Issues Directive for Port Shutdown The Maritime Workers Union of Nigeria (MWUN) has issued a directive for workers to close all port formations across the country starting from Tuesday. This decision aligns with the nationwide strike initiated by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC). The…
FG Unveils Strategic Initiative to Revitalize Operations at the Zabazaba Oil Field The Federal Government is strategizing to rejuvenate production at the Zabazaba oil field, as disclosed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Over the weekend, executives from the Nigeria Agip Oil Company Limited (NAOC), led by Managing Director Mr. Fabrizio Bolondi, held…
REA Inaugurates Interconnected Hybrid Solar Mini-Grid Plant to Boost Sustainable Energy The Rural Electrification Agency, REA, has achieved yet another incredible milestone with the commissioning of Nigeria’s first Interconnected Solar Hybrid Mini Grid in Toto community, Nasarawa State. The Interconnected Solar Hybrid Mini-Grids developed by PowerGen is the outcome of the World Bank Funded Performance…
NLNG Refutes Misinformation, Clarifies No Total Shutdown in Operations The Nigerian Liquefied and Natural Gas (NLNG) has responded to a report in Thisday newspaper dated November 12, 2023, titled “Gas Supply Constraints May Worsen in Nigeria, Europe as NLNG Embarks on Plant Maintenance by February 2024.” NLNG expresses its concern regarding the inaccuracies in the…
Oil Prices Edge Up 1% Following OPEC Report Easing Concerns on Demand On Monday, oil prices experienced a more than 1% increase following OPEC’s monthly market report, which alleviated concerns about declining demand. Additionally, worries about potential supply disruptions emerged due to a U.S. investigation into suspected violations of Russian oil sanctions. Brent crude futures…
NLNG Debunks Media Reports on Surge of LPG Price in Nigeria Nigeria LNG Limited (NLNG) has noted media reports insinuating that a price hike by the Company is responsible for the surge in the price of domestic Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in the domestic market and predicting that scarcity looms…
Revenue Generating Agencies Remitted N14.38 Trillion to the Federation Account in Two Years – NEITI FASD Report …₦5.42 trillion disbursed to the Federal, State and Local Governments …Mineral Revenue contributed N6.40 trillion …Non-mineral revenue contributed N4.80 trillion The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal government revenue generating agencies remitted a total of…
Cosmo Energy Faces Uphill Battle Against Hostile Takeover Bid in Oil Refining Sector Cosmo Energy, the third-largest oil refiner in Japan, may face challenges in garnering shareholder support to resist a hostile takeover bid from activist investors, according to Cosmo’s CEO, Shigeru Yamada. In a Reuters interview published on Friday, Yamada voiced apprehensions about the…
