Nigeria Currently Facing Energy Dilemma Says Kachikwu   The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the country is facing an energy dilemma that needs to be addressed to boost economic development. Kachikwu stated this on Tuesday at the on-going annual conference...

Nigeria Needs $1tn Investment To Modernise Energy In 29years – Osinbajo   Vice-President Yemi Osinbajo on Thursday said Nigeria needed about $1tn investment to modernise its energy infrastructure in 29 years. He, however, noted that the report of a study of the Energy Investment Risk Assessment presented...

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn   The World Bank has stated that it has exceeded its financing target in new energy for Nigeria and other developing countries. In its latest report, the bank stated that 32.1 per cent of its financing...

24 GenCos Record N36.8bn Shortfall For April Energy Bill Twenty four electricity Generation Companies (GenCos) have recorded N36.8 billion shortfall in the Nigerian Electricity Market (NEM) after the 11 Distribution Companies (DisCos) failed to remit the full N50bn energy invoice for electricity generated and sent...

Nigeria’s Energy Import Hits N861.67bn In Q1 - NBS   The Nigeria’s oil, gas, solid minerals and energy sectors recorded over N861.67 billion worth of products importation during the first quarter of 2018, according to the latest foreign trade statistics from the National Bureau of Statistics.The...

Africa’s Energy Market To Hit $4.5bn In 2018 Africa’s energy industry Merger and Acquisition (M&A) in 2018 may rise to $4.5 billion this year according to Baker McKenzie’s global transaction report, which foresees increased activity in the next two years for the energy sector. The Global...