Power Sector Loses N26.4bn To Gas, Grid Challenges         The power sector has continued its sub-optimal performance in January, losing about N26.4 billion in revenues in the first month of the year, mainly due to gas supply issues as well as transmission and distribution challenges in...

Oil, Gas To Meet Over 50% Global Needs By 2045 — OPEC       The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has said the oil and gas sector will still supply over 50 per cent of the global energy needs...

Ten Power Plants Idle On Discos’ Rejection, Gas Shortage         Ten of the nation’s 29 power plants sat idle on Monday on the back of low load demand by the distribution companies and gas constraints. Total power generation in the country fell to 4,112.10 megawatts as of...

Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation         A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry. Daily electricity generation in the country averaged 4,601.33MW last week as...

Oil, Gas Exports Hit $3.71bn In 13 Months       Nigeria exported crude oil and gas worth $3.71bn from August 2019 to August 2020, latest statistics released by the Nigerian National Petroleum Corporation have shown. The NNPC also stated that Nigeria’s total crude oil and gas export sale...

Nigeria To Lose $24bn Oil, Gas Investments In Six Years — AEC         Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025, due to effects of the COVID-19 pandemic on the global petroleum industry, according to a report...