Aliko Dangote, the Chief Executive Officer of Dangote Refinery, has criticised the Nigerian National Petroleum Company (NNPC) Limited for pulling out of the original agreement to acquire a 20% stake in his refinery, labelling the move as “a big mistake.” Speaking during an interview with Bloomberg TV in the United States on Monday, Dangote explained […]Read More
Aliko Dangote, Chief Executive Officer of Dangote Refinery, has addressed the ongoing concerns about fuel pricing, asserting that the petrol sold by his refinery to the Nigerian National Petroleum Company (NNPC) was offered at a price lower than what the NNPC had imported. Dangote made this clarification on Monday during an interview with Bloomberg TV […]Read More
The Nigerian government has initiated discussions with Libya on the construction of a gas pipeline connecting the two nations. This was revealed by Nigeria’s Minister of Petroleum (Gas), Ekperikpe Ekpo, during a meeting with Libya’s Oil Minister, Dr. Khalifa AbduAlsadik, at the Gastech Exhibition and Conference 2024 in Houston, USA. Ekpo indicated that the proposed […]Read More
Kyari Bukar, a former Chairman of the Nigerian Economic Summit Group (NESG), has said that President Bola Tinubu should have removed petrol subsidy gradually to lessen the effect on Nigerians. He said that fuel prices should have been removed by 5 percent every six months and that way, the public won’t quickly feel it. Bukar, […]Read More
The Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Kogi State from the Commission to the Kogi State Electricity Regulatory Commission (KSERC). A statement by the regulator on Wednesday said the move complies with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the […]Read More
In response to Cameroonian authorities starting to release water from the Lagdo dam, the federal government has placed states along the River Niger and Benue axis on high alert. To lessen the possibility of flooding in Nigeria, the Nigeria Hydrological Services Agency (NIHSA) announced the progressive release of water from the Lagdo Dam in Cameroon. […]Read More
The Nigerian government has begun distributing 10,000 compressed natural gas (CNG) conversion kits across the country, as part of the Presidential Compressed Natural Gas Initiative (PCNGi). This is the first step towards a larger target of distributing one million kits by 2027. President Bola Tinubu had earlier mandated the provision of one million free CNG […]Read More
The Nigerian Electricity Regulatory Commission has imposed a fine of ₦1.69 billion on Abuja Electricity Distribution Company (AEDC) for overbilling customers. According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated billing for electricity consumers. The penalty was contained in documented ‘Order NERC/2024/114’ issued by the commission. […]Read More
Germany’s power market is in the midst of a significant transition. Demand continues to fall despite normalizing prices, and retired coal and nuclear capacity mean the European giant is now heavily reliant on imports from its neighbors. But it’s not all bad news for the sector. Rystad Energy projections show Germany will surpass its policy […]Read More
Russia’s top diplomat has expressed grudging acceptance of expanding US involvement in improving Central Asia’s trade infrastructure. But, curiously, he sidestepped commenting on China’s growing economic influence in the region. Foreign Minister Sergei Lavrov, during a question-and-answer session with students at Moscow’s MGIMO University in early September, noted that “a growing number of extra-regional actors,” including the […]Read More
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