Obiang Lima to resume as OPEC president in 2023
Innocent ObasiDecember 6, 2022
By Innocent Obasi Gabriel Mbaga Obiang Lima, who is currently the mines and hydrocarbons minister of Equatorial Guinea will become the president of the Organisation of Petroleum Exporting Countries (OPEC) in 2023. This information was confirmed on the website of the African Energy Chamber (AEC). Commenting on the development, Nj Ayuk, executive chairman of the […]
Persistent fuel crisis further squeezes Nigerians’ pockets
Innocent ObasiDecember 5, 2022
By Innocent Obasi Waking up as early as 4 a.m. to rush down to a petrol station in order to be among the first on the queue has become a routine for many motorists across Nigerian cities. But even that is not a guarantee that they would get petrol to keep their cars […]
TCN adds 98MW to national grid as Gwarimpa substation comes alive
Innocent ObasiDecember 2, 2022
By Innocent Obasi The Transmission Company of Nigeria (TCN) has energised a new 2X60MVA, 132/33kV Gas Insulated Substation (GIS) at Gwarimpa in Abuja to add 98 megawatts (MW) to the national grid. The 132kV transmission substation has six feeders through which bulk electricity is transmitted to Abuja Electricity Distribution Company (AEDC) load centres and […]
NNPC seals $1.4bn funding agreement for Northern Hydrocarbon Funding Ltd
Innocent ObasiDecember 1, 2022
By Innocent Obasi The Nigerian National Petroleum Company Limited (NNPCL) has signed a $1.4 billion financing agreement jointly arranged by Standard Chartered Bank UK and the United Bank for Africa for Northern Hydrocarbon Funding Limited. The agreement was sealed on behalf of the NNPC Limited/Chevron Nigeria Limited Joint Venture. Speaking at the signing ceremony held […]
Nigerian states move to stop FG’s planned sale of 10 power plants
business AMNovember 24, 2022
By Business AM The governors of Nigeria’s 36 states have approached the court seeking to stop the federal government’s plan to sell 10 power plants in the country. The said power plants are under the National Integrated Power Projects (NIPPs) being implemented by the Niger Delta Power Holding Company (NDPHC), a power generation and […]
Lagos,USAID partner to boost electricity access for residents
Innocent ObasiNovember 24, 2022
By Innocent Obasi Residents of Nigeria’s commercial capital may soon enjoy reliable access to electricity following the completion of the Lagos State Integrated Resource Plan (IRP). The plan, aimed at bolstering the overall energy security for residents. will outline a framework to meet future electricity demand in the state by establishing the availability of fuel […]
How Nigeria can end fuel crisis, by experts
Innocent ObasiNovember 18, 2022
By Innocent Obasi Long queues at petrol stations have become a recurring sight in Nigeria, which used to be Africa’s top oil producer until Angola, Libya and Algeria edged it to the fourth place. From Abuja, the seat of administration, to Lagos, the commercial nerve-centre, to the oil city of Port Harcourt and elsewhere in […]
Seplat affirms commitment to just, affordable energy transition
Innocent ObasiNovember 16, 2022
By Innocent Obasi Seplat Energy Plc, Nigeria’s leading energy company listed on both the Nigerian and London Stock Exchange, has affirmed its commitment to a just and affordable energy transition. Roger Brown, chief executive officer of Seplat Energy Plc, disclosed this in a keynote speech at the 40th Annual International Conference & Exhibition of […]
Rainoil receives commendation for driving domestic utilisation of LPG
Innocent ObasiNovember 16, 2022
By Innocent Obasi Rainoil Limited, an integrated downstream company, has received commendation from African Refiners and Distributors Association (ARDA), a pan-African non-governmental organization, for its gas facility located at Ijegun-Egba, Amuwo Odofin LGA, Lagos State. Marième Decraene, president of ARDA, Anibor Kragha, executive secretary, and other delegates made the commendation during a recent tour of the facility. ARDA […]
AU Disaster Risk Management seeks financial support against climate change
Cynthia EzekweNovember 16, 2022
By Cynthia Ezekwe The African Union Disaster Risk Management (DRM) has called for increased funding to support member states’ efforts on the operationalization of the Africa Multi-Hazard Early Warning and Early Action System (AMHEWAS) aimed at reducing economic losses arising from climate disasters. Filipe Jacinto Nyusi, president of the multinational risk management organisation, stated this at the […]