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Energy
Nigeria’s power generation rises to 83.45GWh

Nigeria’s power generation rises to 83.45GWh

Nigeria recorded a total energy generation of 83.446GWh on Tuesday, 18th May 2022, which is 0.8% higher than the 82.744GWh generated in the previous day. This is according to information from the Transmission Company of…

Energy
Nigeria’s energy generation plunges to one-month low, falls below 105kMWh

Nigeria’s energy generation plunges to one-month low, falls below 105kMWh

Nigeria generated 79.1kMWh of energy on Friday, 6th May 2022, representing an 11.3% decline compared to the 89.14kMWh generated in the previous day and the lowest daily energy generation in almost one month. Similarly, power…

Energy
Osinbajo denies endorsing hike in fuel price

Osinbajo denies endorsing hike in fuel price

Vice President Yemi Osinbajo had denied reports suggesting that the National Economic Council (NEC) under his leadership has recommended lifting the price of Premium Motor Spirit (PMS), otherwise known as petrol to N302 per litre.…

Energy
FG to begins nationwide sensitization on LPG adoption, expansion

FG to begins nationwide sensitization on LPG adoption, expansion

The Federal Government has concluded plans to commence as soon as possible a nationwide sensitization campaign on Liquefied Petroleum Gas (LPG) adoption and expansion in the country. According to NAN, this was made known by…

Energy
Oil prices hit $88, highest level since 2014

Oil prices hit $88, highest level since 2014

Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets in the United Arab Emirates stoked fears across the region. At $88 oil…

Energy
Power generation to drop as NDPHC shuts down power plant

Power generation to drop as NDPHC shuts down power plant

The Niger Delta Power Holding Company (NDPHC) has revealed that it has been forced to shut down the Alaoji Power Plant in Abia State following the attack on the plant’s gas supply pipeline belonging to…

Energy
Global oil demand to hit 100.6 m barrel per day in 2022, says OPEC

Global oil demand to hit 100.6 m barrel per day in 2022, says OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has forecasted that total global oil demand in 2022 will hit 100.6 million barrels per day, which will surpass pre-pandemic levels. This was disclosed by outgoing OPEC Secretary-General,…

Energy
Crude oil price hits $78.34 ahead of OPEC meeting

Crude oil price hits $78.34 ahead of OPEC meeting

Crude oil market started on a positive note in 2022, rising by 0.72 percent ($78.34 per barrel) ahead of Tuesday’s Organization of Petroleum Exporting Countries (OPEC+) meeting. The bullish trading as shown by Reuters was…

Energy
Darkness looms as six power plants halt operations over shortage of gas

Darkness looms as six power plants halt operations over shortage of gas

Six power plants under the management of the Niger Delta Power Holding Company have stopped operations due to a breach in the supply of gas to the facilities. A letter from the NDPHC to the…

Energy
NNPC says it generated N203b from petroleum products sale in July

NNPC says it generated N203b from petroleum products sale in July

The Nigerian National Petroleum Company (NNPC) Limited says that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), generated a sum of N203.73 billion on the sale of white products in the month of July…