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EU, Germany Launch Support for Nigeria’s Renewable Energy Development
EU, Germany Launch Support for Nigeria’s Renewable Energy Development

The European Union and Germany are supporting a new scholarship programme on solar energy and energy efficiency, targeting over 185 participants in Nigeria.

The programme, which started on August 10, 2020, would among other things, enhance the skills of trainees on how to access funds for…

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Sterling Launches Easy-to-pay, Clean, Power Solution for Homes, Businesses
Sterling Launches Easy-to-pay, Clean, Power Solution for Homes, Businesses

Sterling Alternative Finance (SAF), a division of Sterling Bank Plc, has launched Altpower, a clean and affordable energy solution for homes and businesses nationwide.

Altpower is expected to provide consumers with flexible and pocket-friendly options. It comes with a financing option that eliminates the high entry cost barrier hindering the…

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RusselSmith Introduces Robots for Subsea Repairs in Nigeria
RusselSmith Introduces Robots for Subsea Repairs in Nigeria

Nigerian integrated oilfield services provider, RusselSmith has teamed up with Kongsberg Ferrotech, a Norwegian subsea robotics company to introduce a range of autonomous subsea robotic technologies to the Nigerian oil and sector.

The robotic solutions are designed to perform inspection, repair and maintenance tasks on subsea pipelines, with the distinct…

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US Crude Oil Imports From Nigerian Fall by 11.67m Barrels
US Crude Oil Imports From Nigerian Fall by 11.67m Barrels

A report has said that the United States reduced its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what it bought in the same period of 2019.

Data obtained from the US Energy Information Administration (EIA)…

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COVID-19: Aviation Fuel Dealers, Users Count Loses
COVID-19: Aviation Fuel Dealers, Users Count Loses

Following the recent closure of Nigerian’s airports, being fallout of the Covid19 lockdown, midterm reports from some of the aviation sector operators in Nigeria gives no cheer. 

While a number of the aviation fuel suppliers are counting their losses, their airline counterparts are not cheering.

Total Nigeria…

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Hitches Stall Nigeria’s Power Sector 33,122mw Target, Loses N468.4bn
Hitches Stall Nigeria’s Power Sector 33,122mw Target, Loses N468.4bn

Federal ministry of power has said that gas transmission, distribution and other constraints made Nigeria’s power sector cost the country about N468.4billion between January and August 21 this year.

The constraints in the sector also stalled the targeted production of a total of 33,122 megawatts of power during the period…

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Nigeria to Build NNPC Depot, Oil, Gas Logistics Centre in Uyo
Nigeria to Build NNPC Depot, Oil, Gas Logistics Centre in Uyo

Nigerian government has approved the building of oil and gas logistics center for Nigeria National Petroleum Corporation (NNPC) in Akwa Ibom. The country’s ministry of petroleum resources has also made approval for a partnership deal for the establishment of a petroleum depot by NNPC 

Petroleum resources minister of state, Mr.…

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UK-Based Savannah Energy Posts Impressive $17.8m Maiden Revenue in Nigeria
UK-Based Savannah Energy Posts Impressive $17.8m Maiden Revenue in Nigeria

Savannah Energy Plc, a British independent energy firm, has described its preliminary unaudited results for 2019 financial year as impressive.

The company’s report card include approximately six weeks of operations in Nigeria’s Niger Delta, as well as the successful acquisition of its Nigerian assets in November 2019, together with a…

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