Energy News


Coal Slumps To 2-Week Low Amid Investors’ Omicron Fears

Demand for coal as one of the core ingredients used in power generation slumped to a record low today. Coal pr...

Dec 01, 2021

Dangote Reportedly In Talks With Traders For Oil Rrefinery Loan

Aliko Dangote is reportedly in talks with some of the world’s biggest oil traders to help finance his mega re...

Sep 15, 2021

Nigeria, Angola Will Struggle To Increase Oil Output As Funding Declines

Nigeria and Angola, Africa's largest oil producers, will be grappling to raise their output in the next five years a...

Aug 09, 2021

Nigeria Unmoved As Countries Unveil Cost-Saving Hydrogen Economy Projects

Despite having a buffet of resources to produce hydrogen, Nigeria has been down in the doldrums while several other coun...

Aug 09, 2021

Nigeria Expectant of Improved Earnings As Crude Oil Output Increases to 1.8m Barrels Per Day

The Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies reached a deal yesterday to i...

Jul 19, 2021

Oil Marketers Converting Over 7000 Outlets To Autogas Stations After CBN Loan

Nigerian oil marketers have begun the process of converting over 7,000 retail outlets across the country to autogas stat...

Jul 13, 2021

Transcorp Set To Build Nigeria's First Nuclear Power Plants

Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in Nigeria...

Jul 01, 2021

TotalEnergies Discloses New Investment Focus in Nigeria

TotalEnergies says its investments in Nigeria will tend more toward renewable sources of energy as the company moves to ...

Jun 24, 2021

Egbin Power Plc to Raise $1.8 billion to Expand Output

Egbin Power Plc, Nigeria's largest power generating company, announced that it plans to raise the sum of $1.8 b...

Jun 19, 2021