Dangote Refinery Gets 300,000 Barrels/Day from NNPC

The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele…

NBET signs MoU to boost investments in Nigeria’s power sector

The Nigerian Bulk Electricity Trading Plc (NBET) and Energy Exchange Istanbul (EXIST) have signed a Memorandum of Understanding (MoU) to boost commercial transactions and investments in Nigeria’s power sector. The partnership will help Nigeria improve commercial transactions and revenue collections…

Energy Transition takes centrestage at IRENA Investment Forum in Southeast Asia

First IRENA Investment Forum Kicks Off in Southeast Asia Accelerating energy transition through investment takes centre stage in cooperation with Indonesian G20 Presidency. The first-ever Investment Forum organised by the International Renewable Energy Agency (IRENA) takes place from 31 August…

Co-creating a resilient future 2020-2021

The Resilient Cities Network has released its 2020-2021 report. The report charts the network’s journey over the past two years, including it’s plans and aspirations for 2022. According to the report, science is painting a bleak picture of the future.…

Shell Commissions Indigenous Firm to Carry Out Largest Gas Market Survey in Nigeria

Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33 per cent of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement…

PIA: MOMAN commends regulatory body on consultation with stakeholders

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman,  Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…

Deregulation : Nigeria Stands to Save Over N12 Trillion – Rainoil CEO

The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…

Africa’s renewable energy resources offer huge investment opportunities for Japanese business – Dr Akinwumi Adesina

Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8).…

FG secures $700M Fund for WASH Projects in States – Adamu, Minister of Water Resources

The Nigerian Minister of Water resources, Engr Suleiman Adamu has revealed that the Federal Government has negotiated a development loan of about $700 million for Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) projects on behalf of States.…

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