Uganda tops Africa’s ERI ranking for best electricity regulatory frameworks
Ben Eguzozie
November 19, 2020
ERI ranking provides big lesson for Nigeria’s NERC, as nation’s power sector gasps Uganda, East African country with a gross domestic product (GDP) size of $118.69 billion, according to statista.com, has for the third time in a row emerged as the top performer in this year’s electricity regulatory index (ERI) report published by the African […]
Dangote Refinery to employ over 250,000 Nigerians
Businessam StaffNovember 19, 2020
Dangote Refinery and Petrochemicals, an industry established by Aliko Dangote, president of Dangote Group, is targeting employing over 250,000 Nigerians when it commences operations next year. Devakumar Edwin, executive director, Strategy and Capital Projects, Dangote Industries Limited, made the disclosure during an inspection of the site in Lekki, Lagos State. According to him, Dangote Industries […]
African governments urged to work with DFIs to tap vast energy opportunities as 540m Africans go without electricity
Ben EguzozieNovember 19, 2020
With vast wave of investments on energy set to sweep Africa, according to data from the APO, not less than 540 million Africans still live without any form of electricity, says the African Development Bank (AfDB), at a time the knock-on effects of the Covid-19 on the continent are yet to be fully evaluated. Kevin […]
NNPC assures of product availability amid senior oil workers’ strike
Ben EguzozieNovember 11, 2020
Has 2.9 billion litres of PMS for Yuletide Industry expert says NNPC should call for dialogue State-owned oil company,Nigerian National Petroleum Corporation (NNPC), has assured there would be adequate supplies of petroleum products during this period, despite the on-going industrial action embarked upon by members of the Petroleum and Natural Gas Senior […]
How we’ll help upstream operators drive up profit in oil & gas sector –KTS Oil & Gas Services
Businessam StaffNovember 11, 2020
A new oil and gas servicing firm, KTS Oil & Gas Services Limited has opened office in Lagos, Nigeria’s commercial nerve centre, with a strong commitment to help the upstream sector drive up their profits. The fully Nigerian owned and operated company said it launched on the country’s oil and gas sector to provide upstream […]
Electricity outages stifle growth in Nigeria amid plans to revive power sector
Charles AbuedeNovember 5, 2020
By Charles Abuede Nigerians spend $14bn fuelling small-scale generators annually As a thought out solution to mitigate the gnashing of teeth by many consumers on Nigeria’s estimated electricity billing conundrum, along with low power supply across the country, the Presidency, under the Presidential Mass Metering initiative, made funds available for power distribution […]
Sahara Energy Geneva appoints Mignot as CFO to drive growth strategy
Zainab IwayemiNovember 5, 2020
By Zainab Iwayemi Sahara Energy Geneva, a leading international energy and infrastructure conglomerate with business operations in over 42 countries, has appointed Nicholas Mignot as the new chief financial officer to oversee the growth and expansion of the company’s strategies globally. The appointment, which is to take effect from January 4 2021, is expected […]
Oil prices gain momentum with eye on U.S election
Onome AmugeNovember 4, 2020
By Onome Amuge Oil prices strengthened their rebounds amid flashes of recovery in financial markets on Tuesday. However, uncertainties over increasing coronavirus infections around the world and the focus on the U.S election hindered further gains. Brent futures gained 95 cents or 2.44 per cent to sell at $39.92 a barrel while U.S West […]
NNPC reports explosion at OML 40 managed by Elcrest E&P
Ben EguzozieNovember 3, 2020
10,000bpd shut-in, as marine tanker significantly damaged Company says no fatalities or injuries The Nigerian National Petroleum Corporation’s (NNPC) upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), has reported an explosion at its production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying […]
Siemens’ MEA conference offers ten priorities to transform energy pathway
Aderemi OjekunleOctober 29, 2020
Ben Eguzozie, with wire report Ambitious energy transition agendas to take place in Middle East, Africa Benin’s electricity capacity jumps 60 folds Siemens Energy has revealed ten main priorities that can facilitate a successful long-term energy transition and enable countries to thrive in the lower-carbon world. These findings were based on the discussions held during […]