Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 11:41:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Energy Archives - Nairametrics https://nairametrics.com/category/industries/energy/ 32 32 201037849 Ghana’s electricity company announces three weeks power cut due to shortage gas supply from Nigeria https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/ https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/#respond Fri, 14 Jun 2024 11:41:38 +0000 https://nairametrics.com/?p=491265 Ghana's state-owned electricity company has announced a three-week power interruption due to reduced gas supply from Nigeria.

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]]> https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/feed/ 0 491265 ICPC arraigns two REA officials over N426 million ‘fraud’ in agency https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/ https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/#respond Thu, 13 Jun 2024 17:11:29 +0000 https://nairametrics.com/?p=491199 Two REA officials have been remanded after taking their plea in a rural electrification supervision fraud case by the ICPC.

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]]> https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/feed/ 0 491199 Abuja Disco adds 45 new feeders to Band A majorly in Asokoro, Wuye, Garki, Suleja  https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/ https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/#respond Thu, 13 Jun 2024 17:08:30 +0000 https://nairametrics.com/?p=491200 The Abuja Electricity Distribution Company, (AEDC) has disclosed it has added 45 new feeders to the Band A category of customers who would enjoy a minimum of 20 hours of electricity as stipulated by the Nigerian Electricity Regulatory Commission (NERC).  

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]]> https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/feed/ 0 491200 Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/ https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/#respond Thu, 13 Jun 2024 14:13:02 +0000 https://nairametrics.com/?p=491189 NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.

The post Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/feed/ 0 491189 Our refinery has slashed the price of diesel by over 60% in Nigeria – Aliko Dangote https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/ https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/#respond Thu, 13 Jun 2024 08:45:10 +0000 https://nairametrics.com/?p=491169 Aliko Dangote, Africa’s richest individual, announced that the supply of diesel from his Dangote Refinery has caused a roughly 60% decrease in the commodity’s price in the local market.

The post Our refinery has slashed the price of diesel by over 60% in Nigeria – Aliko Dangote appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/feed/ 0 491169 We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko Dangote   https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/ https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/#respond Thu, 13 Jun 2024 06:40:21 +0000 https://nairametrics.com/?p=491152 Africa’s richest individual, Aliko Dangote, has revealed that his company secured in bank loans a swooping sum of about $5.5 billion to build the Dangote refinery.  

The post We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko Dangote   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/feed/ 0 491152 Dangote Refinery to set up terminal in the Caribbean for export of petroleum products  https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/ https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/#comments Thu, 13 Jun 2024 06:18:40 +0000 https://nairametrics.com/?p=491154 Dangote Refinery is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.  

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]]> https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/feed/ 1 491154 Nigeria’s crude oil production in May falls to 1.25 million bpd – OPEC  https://nairametrics.com/2024/06/13/nigerias-crude-oil-production-in-may-falls-to-1-25-million-bpd-opec/ https://nairametrics.com/2024/06/13/nigerias-crude-oil-production-in-may-falls-to-1-25-million-bpd-opec/#respond Thu, 13 Jun 2024 04:56:28 +0000 https://nairametrics.com/?p=491153 Nigeria’s average crude oil production in May fell to 1.25 million barrels daily in May from 1.28 million bpd recorded in April 2024.

The post Nigeria’s crude oil production in May falls to 1.25 million bpd – OPEC  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/nigerias-crude-oil-production-in-may-falls-to-1-25-million-bpd-opec/feed/ 0 491153 Again, vandals destroy TCN towers in northeast barely one week after reconstruction   https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/ https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/#respond Thu, 13 Jun 2024 04:34:59 +0000 https://nairametrics.com/?p=491150 The Transmission Company of Nigeria has confirmed the destruction of two of its towers in the northeast, barely a week after their restoration. 

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]]> https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/feed/ 0 491150 Foundation of Nigeria’s economy flawed by over-reliance on oil revenues — Tinubu https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/ https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/#respond Wed, 12 Jun 2024 16:33:16 +0000 https://nairametrics.com/?p=491145 President Bola Tinubu said Nigeria’s economy is flawed because of its reliance on exploitation of oil revenues alone.

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]]> https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/feed/ 0 491145 The 2024 oil block bid round is meant for investors with financial capacity- NUPRC  https://nairametrics.com/2024/06/12/the-2024-oil-block-bid-round-is-meant-for-investors-with-financial-capacity-nuprc/ https://nairametrics.com/2024/06/12/the-2024-oil-block-bid-round-is-meant-for-investors-with-financial-capacity-nuprc/#respond Wed, 12 Jun 2024 06:31:13 +0000 https://nairametrics.com/?p=491116 The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe has stated that the current oil block bid for 2024 is meant for investors with financial capacity and technical competence.  

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]]> https://nairametrics.com/2024/06/12/the-2024-oil-block-bid-round-is-meant-for-investors-with-financial-capacity-nuprc/feed/ 0 491116 NNPC seals offshore agreement with North American firm to float LNG in Niger Delta https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/ https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/#respond Tue, 11 Jun 2024 07:05:28 +0000 https://nairametrics.com/?p=491040 The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region.

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]]> https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/feed/ 0 491040 Dangote Refinery moves date of production of petrol from June to mid July https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/ https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/#respond Tue, 11 Jun 2024 06:13:01 +0000 https://nairametrics.com/?p=491033 Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July.

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]]> https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/feed/ 0 491033 Eko Disco upgrades feeders in Festac, Falomo, VGC, others to Band A, downgrades others to Band B  https://nairametrics.com/2024/06/10/eko-disco-upgrades-feeders-in-festac-falomo-vgc-others-to-band-a-downgrades-others-to-band-b/ https://nairametrics.com/2024/06/10/eko-disco-upgrades-feeders-in-festac-falomo-vgc-others-to-band-a-downgrades-others-to-band-b/#respond Mon, 10 Jun 2024 18:13:27 +0000 https://nairametrics.com/?p=491017 The Eko Electricity Distribution Company (EKEDC) has announced the upgrade and downgrade of certain locations under its territory from Band B to Band A and vice versa.  

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]]> https://nairametrics.com/2024/06/10/eko-disco-upgrades-feeders-in-festac-falomo-vgc-others-to-band-a-downgrades-others-to-band-b/feed/ 0 491017 NNPC denies report of N3.3 trillion inflated subsidy claims  https://nairametrics.com/2024/06/10/nnpc-denies-report-of-n3-3-trillion-inflated-subsidy-claims/ https://nairametrics.com/2024/06/10/nnpc-denies-report-of-n3-3-trillion-inflated-subsidy-claims/#respond Mon, 10 Jun 2024 16:55:10 +0000 https://nairametrics.com/?p=491015 The Nigerian National Petroleum Corporation Limited (NNPC) has denied reports in the media that it inflated subsidy claims by N3.3 trillion.  

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]]> https://nairametrics.com/2024/06/10/nnpc-denies-report-of-n3-3-trillion-inflated-subsidy-claims/feed/ 0 491015 Unilorin’s N230 million monthly electricity bill not sustainable – VC https://nairametrics.com/2024/06/10/unilorins-n230-million-monthly-electricity-bill-not-sustainable-vc/ https://nairametrics.com/2024/06/10/unilorins-n230-million-monthly-electricity-bill-not-sustainable-vc/#respond Mon, 10 Jun 2024 15:04:14 +0000 https://nairametrics.com/?p=491011 The Vice-Chancellor of the University of Ilorin, Professor Wahab Egbewole, has raised alarms over the institution's skyrocketing monthly electricity bill, which has surged from N70 million to an unsustainable N230 million.

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]]> https://nairametrics.com/2024/06/10/unilorins-n230-million-monthly-electricity-bill-not-sustainable-vc/feed/ 0 491011 Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024 https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/ https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/#respond Mon, 10 Jun 2024 14:54:59 +0000 https://nairametrics.com/?p=491008 The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion, according to data from the Nigeria Bureau of Statistics (NBS).

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]]> https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/feed/ 0 491008 States urge FG to halt foreign loan-backed grants, subsidies for rural electrification in Nigeria https://nairametrics.com/2024/06/10/states-urge-fg-to-halt-foreign-loan-backed-grants-subsidies-for-rural-electrification-in-nigeria/ https://nairametrics.com/2024/06/10/states-urge-fg-to-halt-foreign-loan-backed-grants-subsidies-for-rural-electrification-in-nigeria/#comments Mon, 10 Jun 2024 11:59:20 +0000 https://nairametrics.com/?p=490984 State governments have raised concerns over the Federal Government's use of foreign loans to fund grants and subsidies for private investors involved in rural electrification programs.

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]]> https://nairametrics.com/2024/06/10/states-urge-fg-to-halt-foreign-loan-backed-grants-subsidies-for-rural-electrification-in-nigeria/feed/ 1 490984 State Governors propose complete phasing out of electricity subsidy across Nigeria   https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/ https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/#comments Mon, 10 Jun 2024 08:03:58 +0000 https://nairametrics.com/?p=490956 The thirty-six State governors of Nigeria have recommended the phasing out of electricity subsidy in the country to ensure liquidity in the power sector. 

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]]> https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/feed/ 1 490956 Nigeria crude settles at $81 a barrel despite meltdown in global crude oil market https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/ https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/#respond Sun, 09 Jun 2024 12:36:06 +0000 https://nairametrics.com/?p=490937 Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $81.55 a barrel, about two dollars higher than the active Brent contract.

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]]> https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/feed/ 0 490937