President Macron lauds Abdul Samad Rabiu as BUA, Axens of France make progress on BUA’s 200,000 bpd refinery in Akwa Ibom

April 16, 2021

  …As Abdul Samad Rabiu named chairman, French Nigeria Investment Club …French foreign trade minister, Riester, visits BUA Lagos hqtrs …France-Nigeria relations continue to soar, despite language, historical differences     Ben Eguzozie, in Port Harcourt   French President, Emmanuel Macron, has commended the chairman of BUA Group, Abdul Samad Rabiu for his commitment to […]

Nigeria’s exact crude oil production volume unknown – NEITI

April 16, 2021

Arakunle Kayode   According to the Nigeria Extractive Industries Transparency Initiative, no one knows the exact volume of crude oil generated in Nigeria, especially in deep offshore fields. Orji Ogbonnaya-Orji, NEITI’s Executive Secretary, revealed this during a courtesy call on Mansur Liman, Director-General of the Federal Radio Corporation of Nigeria, in Abuja. He said this […]

Explosion at TCN’s station plunges Port Harcourt into power outage

Online EditorApril 15, 2021

… Businesses count losses in millions Ben Eguzozie, in Port Harcourt A massive explosion at a transformer of Transmission Company of Nigeria’s (TCN) transmission station in Port Harcourt, Rivers State capital has plunged most parts of the Port Harcourt metropolis into severe power outage. Management of TCN said its engineers were working to repair the […]

FG apologizes to Nigerians for poor power supply, says 8 plants broke down

April 15, 2021

United Kingdom energy

Arakunle Kayode   The federal government has apologized to Nigerians for the ongoing power outages and shortages in different parts of the country. The Minister of Power, Sale Mamman, expressed remorse for the unfortunate situation and apologized to all affected Nigerians for the inconveniences caused by the power outages in a series of tweets on […]

Nigeria’s 203 tscf gas nothing if undeveloped – Attah

March 30, 2021

…Country yet to set up credible energy transition framework …A gas-rich nation, but energy poor     Ben Eguzozie, in Port Harcourt   Nigeria’s proven 203 trillion standard cubic feet of gas would amount to a dormant wealth generating zero income to the country, if it is not developed and utilized to meet the nation’s […]

IRENA’s world energy transitions outlook asks major economies accounting for global CO2 emissions to fast-track energy transitions

March 19, 2021

  · Outlines global strategies towards carbon-neutrality to climate-safe 1.5°C pathway by 2050   · Says energy transitions investment to increase by 30% to $131trn now and 2050, corresponding to $4.4trn yearly average   · Socioeconomic benefits of investing in transition to create three times more jobs than fossil fuels   · IRENA’s 1.5°C pathway […]