In a country where off grid power supply to homes through gas, diesel, and petrol generators accounts for as high as 20 gigawatts of total power, innovation is needed to…
Senate raises concern over high cost of crude oil production in Nigeria
The Senate on Monday expressed concern over the high cost of crude oil production by the Nigeria National Petroleum Corporation. It said despite the high cost of producing crude oil,…
‘Global disruptions offer Nigeria leeway for gas-to-power maximisation’
With the disruptions in the global oil industry, causing energy imbalance and low demand for oil, one of the operators in the power value-chain, has urged the government to implement…
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per…
Major Oil Marketers Call For Full Market Liberalisation
The oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has called for full “price liberalization” rather than “price modulation” with respect to Premium Motor Spirit (PMS)…
Nigeria’s oil export revenue may fall to $50bn in 2 years – Report
Nigeria’s oil and gas export receipts in 2019 and 2020 may fall to $50 billion cumulatively with a $25 billion fall on year-on-on-year basis if the oil price settles for…
Africa’s Biggest City on Lockdown to Curb Virus in Nigeria
Nigeria will restrict all movement of people and ordered businesses and offices closed in its two main cities, Lagos and Abuja, as well as Ogun state — the three…
Social Distancing Best Practices
Together, we can slow the spread of COVID-19 by making a conscious effort to keep a physical distance between each other. Social distancing is proven to be one of the…
Oil Prices Down On Lingering Coronavirus Concern
Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. Brent crude was…
Oil prices jump 2% as virus vaccine reports spur hope
New York — Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments…
