The Federal Government of Nigeria is engaging in discussions with the United States to enhance the…
Search Results for: Nigeria's energy
Nigeria’s Discos Generate N3.95 Trillion in Five Years
Recent data from the National Bureau of Statistics (NBS) and the Nigerian Electricity Regulatory Commission (NERC)…
Afreximbank Arranges $650m Financing for Acquisition of NAOC Stake
African Export-Import Bank (Afreximbank) has announced that it successfully arranged a senior $500-million and a junior…
Eni Sells Nigerian Assets, Boosts Mozambique LNG
Italian energy giant Eni has sold its Nigerian onshore oil and gas assets. The company transferred…
Minister Urges Shift from Costly Captive Power to Reliable Grid Connection
Minister of Power, Chief Adebayo Adelabu, highlighted the importance of grid connectivity over captive power plants…
Oando Completes a $783 Million Acquisition of NAOC
Oando PLC has acquired the Nigerian Agip Oil Company (NAOC) from Eni, the Italian energy giant,…
Nigeria Adds 2GW to Power Grid in 40 Years
At a recent appearance on Television Continental (TVC), Nigeria’s Minister of Power, Chief Adebayo Adelabu, it…
NNPC Makes N3.3trn Profit, N2.1trn Dividend For 2023
The Nigerian National Petroleum Company (NNPC) Limited declared a net profit of N3.297 trillion at the…
Adelabu Highlights Challenges and Reforms for Improved Electricity
On August 17, 2024, Chief Adebayo Adelabu, Nigeria’s Minister of Power, attributed the country’s persistent erratic…
Ageing and Weak Infrastructure Blamed for Nigeria’s Power Woes
Chief Adebayo Adelabu, Nigeria’s Minister of Power, attributed the country’s unreliable electricity supply to ageing and…