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NNPC changes plan, engages original builders to revamp 4 refineries

An indication that the Nigerian National Petroleum Corporation (NNPC) may have dumped its earlier gigantic, but well criticized plot to bleed away about $1,8bn in the Turnaround maintenance (TAM) of ...

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Ghanaian President saves $7b from review of 24 power agreements

Ghana Akufo-Addo

Less than one year in Office, President Nana Addo Dankwa Akufo-Addo of Ghana has said his administration in less than one year restored electricity stability after inheriting erratic power situation ...

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African energy stakeholders to discuss partnerships with global investors in US

GERMANY-G20-SUMMIT

The Powering Africa Summit (www.PoweringAfrica-Summit.com) will return for a fourth year to the Marriott Marquis Hotel in Washington D.C. from 28 February to 2nd March 2018 to discuss opportunities to ...

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Oil market nearing strategic rebalancing as prices continue looking up – OPEC

opec

OPEC on Thursday said that after long years of embarrassing low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand. A ...

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Crude production under threat as Avengers vows attacks within days if…

militants-and-buhari

Nigeria sustained crude production since last year is under serious threats of attacks by militant group, the Niger Delta Avengers (NDA). In a terse statement issued Wednesday, said it planned ...

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Oil prices looking above $70 over tighter supplies, healthy demand

Crude oil pipeline

Oil prices firmed on Wednesday on tightening supply and strong global demand although some analysts warned of a downward correction after a more than 13 per cent price rise in ...

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Nigeria trails war-ravaged Yemen as second worst in world electricity availability

Power tour

The Spectator Index, global national power ranking group has released its latest figures showing that Nigeria is coming second after war ravaged Yemen, and followed by disaster-prone Haiti. The Spectator ...

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Nigeria’s crude oil production on steady rise, hits 2.057mbpd in December

Crude oil pipeline

Figures have emerged showing that Nigeria’s crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017, an indication that it grossed more ...

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Power, high interest rate key challenges of Nigerian businesses—CBN Report

CBn Emefiele

Newly released Business Expectations Survey Report for Q4 2017 of the Central Bank of Nigeria (CBN), has shown that the poor power supply and high interest rate formed key challenges ...

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TCN explains foreign donor option, reveals why power contracts fail in the past

TCN

The Interim Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Usman Mohammed has given a graphic detail on why access to multinational funding is easier in financing ...

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