News
NLC Accuses TCN of False Claims and Military Intimidation Amid Strike
In a June 3 statement, the Nigeria Labour Congress (NLC) asserted that the Transmission Company of…
Labour Union Shuts Down National Grid for June 3 Strike Action
On June 3, 2024, the Transmission Company of Nigeria (TCN) announced that the Labour Union had…
Oil Prices Surge as Iran Deploys New Tactics to Target Tankers
Oil prices rose as Iran deployed new tactics to target ships amid escalating Middle East tensions.…
Nigeria’s Oil Output Hits 1.72m Barrels per Day in September
Nigeria’s combined crude oil and condensate output rose 2.34% to 1.717 million barrels per day in…
Shell Agrees to Sell Nigerian Gas Distribution Business to Vaaris Energy
Shell has agreed to sell its Nigerian gas distribution business to Vaaris Energy, pending regulatory approvals.…
EU Considers Windfall Tax on Oil and Gas Profits
The European Union is examining a bloc-wide windfall tax on oil and gas companies as soaring…
121st Power Dialogue – Youth Must Move from Beneficiaries to Builders of Nigeria’s Energy Transition
Abuja, Nigeria The Electricity Hub (TEH) convened the 121st Power Dialogue to accelerate youth leadership and…
Transmission Towers Collapse cutting Power To Nasarawa Stations
Three towers collapsed along the 132kV Karu-Keffi-Akwanga corridor during rain and wind, cutting supply to all…
Renewables Challenge Asia’s LNG Power Expansion Plans
Geopolitical tensions, rising costs and equipment shortages have stalled several LNG power projects across emerging Asia.…
BII Targets $1.6 Billion for Southeast Asia Climate Finance
British International Investment plans to commit $1.6 billion to climate finance across Southeast Asia over five…
NBET Begins Part-Payment of ₦4 Trillion Debt to GenCos
NBET begins settling power generators and gas suppliers through ₦728.98 billion in bonds under the Federal…
Oil Prices Rise as Saudi Attacks Raise Supply Concerns
Brent crude hits a near two-week high as attacks on Saudi Arabia raise supply concerns. Tanker…