Energy

Energy

Agusto & Co withdraws Geregu Power’s ‘A’ rating following bond default

Plu Team -
Agusto & Co, Nigeria’s premier credit rating agency, has withdrawn its "A-" rating assigned...
Energy

Geregu’s bond default statement raises more questions than it answers

Ubong Ekott -
Three days after its bond default rattled Nigeria's capital market and triggered the country's...
Business & Economy

Geregu Power reacts amid criticisms after bond default

Plu Team -
Geregu Power Plc has issued its first response after coming under fire regarding its...
Business & Economy

Nigeria targets $50bn offshore oil investment by 2030

Plu Team -
Nigeria’s upstream petroleum regulator expects to attract between $30 billion and $50 billion in...
Energy

Oil prices tops $100 – first since May as Middle East conflict escalates

Plu Team -
Global oil prices have climbed above $100 a barrel for the first time since...
Energy

Nigeria joins International Energy Agency as association country

Plu Team -
Nigeria has become an Association country of the International Energy Agency (IEA), marking a...
Energy

Dangote slashes petrol price to N1,125 as global crude retreats

Plu Team -
Dangote Petroleum Refinery has slashed the ex-depot price of its premium motor spirit (PMS),...
Energy

IFC backs WeLight to push off-grid clean power into Nigeria and Congo

Plu Team -
The International Finance Corporation (IFC) has acquired a strategic equity stake in WeLight, Africa’s...
Climate

Akwa Ibom communities protest over ‘$270 million’ gas flare fund

Plu Team -
Protesters demand reversal of Executive Order mandating remittance of penalties to federation account.
Consumer

Nigeria regulator orders compensation for Band A customers for power shortfalls

Plu Team -
Nigeria's electricity regulator has ordered distribution companies to compensate Band A customers who were...
Energy

Nigeria secures $500 million AfDB loan to boost energy transition

Eric Ojo -
The African Development Bank (AfDB) has approved a $500 million loan to support Nigeria’s...
Energy

Tinubu sacks Mele Kyari as NNPC chief executive

Plu Team -
President Bola Ahmed Tinubu has sacked the group chief executive officer of the Nigerian...
Energy

Dangote Refinery cuts petrol price to N860 as naira strengthens

Plu Team -
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of petrol, cutting...
Energy

BP to slash renewable investments, double down on oil and gas

Plu Team -
BP is set to announce a major strategic shift, slashing its investments in renewable...
Energy

Nigeria to scrap electricity bands, hike tariff for all in 36 months

Plu Team -
Nigeria is set to abolish its current electricity tariff band structure and transition to...
Energy

Nigerian govt confirms electricity tariffs set to rise again

Plu Team -
Despite denials of an imminent 65 percent increase in electricity tariffs, the federal government’s...
Energy

Report: NNPC CEO Mele Kyari likely to go before 2025

Plu Team -
The Group CEO of the Nigerian National Petroleum Company (NNPC), Mele Kyari, may be...
Energy

Nigeria govt finally approves ExxonMobil asset sale to Seplat

Plu Team -
The federal government has finally approved ExxonMobil’s sale of its onshore assets to Seplat...
Energy

Nigerian researchers build low-wind turbines to power rural communities

Plu Team -
By: Jesusegun Alagbe A team of five Nigerian researchers have developed an innovation to generate...
Energy

NNPC blames “financial strain” for petrol scarcity, a hint price may rise

Plu Team -
The Nigerian National Petroleum Corporation (NNPC) Ltd. says it is facing a “financial strain”...
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