The indebtedness of the power sector to the Niger Delta Power Holding Company has hit N160bn, the Managing Director, NDPHC, Chiedu Ugbo, stated on Wednesday.

Ugbo who disclosed this on Wednesday while speaking at the headquarters of the power firm in Abuja, explained that only about 30 per cent of…

The US Agency for International Development (USAID), through Power Africa, on Tuesday awarded a $2.6 million grant to nine energy companies to electrify 288 rural health facilities without reliable access to power.

Power Africa is a US government-led initiative that brings together 12 government agencies, development partners and private sector…

Nigeria is currently facing one of the most significant economic downturns in its history due to COVID-19.

While the country is grappling with a recession, the government has outlined an ‘Economic Sustainability Plan’ in response to the challenges posed by the COVID-19 pandemic.

The plan focuses on…

To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.

Rystad said on Tuesday that oil and gas majors were revising their long-term oil price and demand outlook and…

Nigerian Electricity Regulatory Commission (NERC) has asked power distribution companies (DisCos) to ensure that electricity consumers in their networks are metered within 10 days after payment. They said that failure to do so would contravene NERC regulation.

At a virtual town hall meeting centering on metering organized by the Commission…

The Minister of Power, Saleh Mamman, has said that renewable energy is one of the ministry’s focal points to drive power supply in the country even as it plans to integrate renewable energy through the Paris Agreement and the Vision 30:30:30 to deliver 30GW of electricity with 30% renewable energy mix by 2030.

President Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr Billy Gillis-Harry has called on the Nigeria Labour Congress and the Trade Union Congress to consider dialogue as against the nationwide strike action billed from Monday, September 28, 2020.

PETROAN is the second organized section in the oil and…

The Nigerian National Petroleum Corporation (NNPC) has called on indigenous companies operating in the nation’s oil and gas sector to upscale their capacity for global competitiveness.

This, the corporation said will enable Nigeria to achieve the target of reducing the cost of oil production in the country on a sustainable…

The Nigerian National Petroleum Corporation (NNPC) has confirmed that Nigeria reduced its spending on oil and gas assets being developed through joint ventures (JV) with private firms by 61.83% in July.

The NNPC represents the Nigeria Federal Government in the JVs. The company has an obligation to make cash call…

The Gas Aggregation Company Nigeria Limited has said that its decision to review existing agreements used in transactions within Nigeria’s domestic gas market will not lead to hike in prices of gas.

GACN in a statement on Tuesday said that the review was meant to reflect modern realities in the…