Divestment: NNPCL challenges Oando acquisition of Agip’s oil assets
THE Nigerian National Petroleum Company Limited, NNPCL, has kicked against Oando Plc's acquisition of Nigerian Agip Oil Company onshore (land) assets in Nigeria.
PIA: FG gazettes 5, signs 7 laws, others on oil, gas operations — Investigation
THE Federal Government has gazetted five regulations, while seven are currently in the process of being gazetted, as part of efforts targeted at implementation of Nigeria’s Petroleum Industry Act. PIA.
Energy crisis: Nigeria needs $34.5bn investments to provide electricity access by 2030 —Report
As Nigeria continues to struggle with inadequate and unsteady power supply, a report, Renewable Energy Roadmap Nigeria, has said the country would need to invest about $34.5 billion to provide electricity access by 2030.
Energy crisis: Nigeria’s electricity generation drops 37% to 2,649.9MW
Nigeria’s electricity generation, yesterday, dropped by 37 per cent to 2,649.9 megawatts, MW, from 4,207.05 MW recorded on Wednesday, this week.
FUEL SUBSIDY: Oil marketers plan petrol import as CBN floats forex
Oil marketers in Nigeria have intensified efforts targeted at importing petrol from the world market following the latest liberalization of foreign exchange rates by the Central Bank of Nigeria, CBN.
Nigeria’s oil output rises 15.6% to 1.3 mb/d
Organisation of Petroleum Exporting Countries, OPEC, yesterday, disclosed that Nigeria’s oil output, excluding condensate increased by 15.6 per cent to 1.3 million barrels per day, mb/d in May, from 1.1 mb/d recorded in the preceding month of April 2023.
