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Energy

Energy FEATURED Latest TOP STORIES 

Nigeria’s power generation plunges to 2,649.9MW after fire incident

June 15, 2023June 15, 2023 Markets Reporters 0 Comments Power generation in Nigeria

Electricity generation in Nigeria fell by 37 percent in 24 hours, worsening outages in Africa’s biggest economy amid rising cost

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Energy FEATURED Latest TOP STORIES 

Blackout in Magodo, Ogba, others as Ikeja West Grid trips

June 15, 2023June 15, 2023 Markets Reporters 0 Comments Ikeja Electric, Ikeja West Grid, Magodo

Several parts of Lagos have been thrown into total darkness for hours following the tripping from Ikeja West Grid and

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Energy FEATURED Latest TOP STORIES 

Shell’s E&P unit pays Nigeria $907m in annual taxes, royalties

June 15, 2023June 13, 2023 Markets Reporters 0 Comments Elohor Aiboni, Shell Nigeria, SNEPCo

Shell Nigeria Exploration and Production Company has said it paid a total of $907 million as taxes and royalties to

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Energy FEATURED Latest TOP STORIES 

Nigerian government returns immigration documents to Seplat CEO

June 13, 2023June 13, 2023 Markets Reporters 0 Comments Roger Brown Seplat CEO

Seplat Energy announced on Tuesday that the Ministry of Interior and the Nigeria Immigration Service have restored the working permit,

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Energy FEATURED Latest TOP STORIES 

TotalEnergies finds oil, gas offshore Nigeria

June 13, 2023June 13, 2023 Markets Reporters 0 Comments Offshore Nigeria, OML 120, TotalEnergies

TotalEnergies has announced the Ntokon oil and gas discovery on OML102 offshore Nigeria.  Located in shallow waters, 60 km off

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Energy FEATURED Latest TOP STORIES 

Marketers want NNPC petrol supply monopoly broken, await Dangote refinery

May 30, 2023May 30, 2023 Markets Reporters 0 Comments Dangote refinery, DAPPMAN, MOMAN, Petrol queues in Nigeria

Oil marketers in Nigeria have called for continued supply of petrol amid the resurgence of queues at many filling stations

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Energy FEATURED Latest TOP STORIES 

Stockpiling petrol poses ‘significant safety hazard’, regulator warns Nigerians

May 30, 2023May 30, 2023 Markets Reporters 0 Comments NMDPRA, Petrol queues in Nigeria

Amid the resurgence of queues at fuel stations in parts of Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority

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Energy FEATURED Latest TOP STORIES 

Nigeria loses 23% of its power generation in 24 hours

May 27, 2023May 27, 2023 Markets Reporters 0 Comments Blackout in Nigeria, Power generation in Nigeria

Power generation in Nigeria dropped by over 23 percent in 24 hours to 3,704.26 megawatts as of 6am on Saturday,

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Energy FEATURED Latest TOP STORIES 

Nigeria will use up oil reserves in 50 years – World Bank

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Reserve to production ratio, World Bank

Nigeria’s crude oil reserves will be exhausted in 50 years’ time if production continues at the current rate, the World

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Energy FEATURED Latest TOP STORIES 

Court rejects oil drillers’ request to stop 1% Nigerian content levy

May 11, 2023May 11, 2023 Markets Reporters 0 Comments 1% NCDF levy, NCDMB, Simbi Wabote NCDMB

The  Federal   High   Court  sitting   in   Yenagoa,   Bayelsa   State, has   delivered   a 

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