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Energy and Commodities

Power Sector

Nigeria’s Power Sector Faces Challenges Amid Unused Electricity and Mounting Subsidy

Nigeria’s power sector struggles with stranded electricity, a ₦2.4 trillion subsidy burden, and inadequate payments ...
  • 17 December 2024
  • Energy and Commodities
Shettima

Nigeria’s Oil Sector Gets 30,000 BPD Boost as Shettima Launches Facility in Dubai

Nigeria's oil sector gains 30,000 BPD boost as VP Kashim Shettima launches a Nigerian-owned oil ...
  • 14 December 2024
  • Business
Seplat Energy

Seplat Energy Completes $1.28 Billion Acquisition of Mobil Nigeria

Seplat Energy completes its $1.28 billion acquisition of Mobil Nigeria, doubling production capacity and enhancing ...
  • 13 December 2024
  • Business
OPEC

OPEC Appoints Nigeria’s Adeyemi Bero as Chairman of Board of Governors for 2025

OPEC appoints Nigeria's Adeyemi Bero as Chairman of its Board of Governors for 2025, highlighting ...
  • 12 December 2024
  • Energy and Commodities
National Grid

Nigeria’s National Grid Collapses for the 12th Time in 2024

Nigeria’s national power grid collapses for the 12th time in 2024, causing widespread blackouts and ...
  • 12 December 2024
  • Energy and Commodities
Port Harcourt

NNPC Sells First Shipment of Fuel from Port Harcourt Refinery to Dubai-Based Company

NNPC has sold its first shipment of refined fuel from the Port Harcourt Refinery to ...
  • 7 December 2024
  • Business
Oil production

OPEC Extends Nigeria’s Oil Production Quota Amid Market Stabilization Efforts

OPEC extends Nigeria's oil production quota of 1.5 million bpd to 2026, emphasizing market stability ...
  • 5 December 2024
  • Africa

Holcim Exits Nigeria After 65 Years, Sells Lafarge Stake for $1 Billion

Holcim exits Nigeria after 65 years, selling Lafarge Africa to Huaxin Cement for $1 billion. ...
  • 4 December 2024
  • Business
Hydrogen economy

Nigeria Targets $200 Billion Hydrogen Economy to Drive Energy Transition

Nigeria unveils plans to join the $200 billion hydrogen economy, focusing on green hydrogen production ...
  • 27 November 2024
  • Business
NNPC

Port Harcourt Refinery: NNPCL Highlights Achievements Amid Questions

NNPCL announces 70% operational capacity at the Port Harcourt Refinery, emphasizing achievements while addressing questions ...
  • 26 November 2024
  • Business
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