guardian.ng energy news headlines
Nigeria to generate 6 gigawatts of electricity by year end Minister
The Minister of Power, Adebayo Adelabu, has said Nigeria will generate 6 gigawatts of electricity by the end of 2024, despite currently generating only 5,155 MW. Adelabu gave the assurance while speaking on Thursday at the Board retreat of the Nigeria Electricity Liability Management Company in Lago
NNPCL dismisses allegations of criminal hijack in OVH deal
The crisis surrounding the acquisition of Oandos OVH and the retail arms of the Nigerian National Petroleum Company Limited (NNPC Retail) took a new turn on Thursday as the state oil company denied having any political interests. NNPCL had previously announced the acquisition of the retail arms of O
WIEN, Smart Gas target 500,000 households for LPG adoption
The Women in Energy Network (WIEN) and Smart Gas Limited have sealed a partnership to facilitate the adoption of Liquefied Petroleum Gas (LPG) in 500,000 households across Nigeria over the next five years. The post WIEN, Smart Gas target 500,000 households for LPG adoption
Oil producers reject mandate to supply local refineries crude
Oil producers in Nigeria, under the Independent Petroleum Producers Group (IPPG), have expressed opposition to being compelled to sell crude oil to the Dangote Refinery and other local refineries. The group warned against any move to mandate such sales, calling instead for the Nigerian National Petr
Weve paid N205bn out of N1.3trn owed to GenCos - Minister
The federal government has said it has paid N205 billion from the N1.3 trillion debt owed to generation companies (GenCos) in order to boost liquidity in the power sector. Minister of Power, Adebayo Adelabu, revealed this during an oversight visit by the house of representatives committee on power.
Edo Refinery gets operational license
The management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Tuesday, issued an operational licence to Edo Refinery and Petrochemical Company Limited, Ologbo, in Ikpoba-Okha Local Government Area of Edo State. The NMDPRA is the Technical and Commercial Regulato
Arewa youth group seek support for 2 million barrels daily oil production
A coalition of Northern stakeholders under the auspices of the Arewa Youths Assembly has commended the management of the Nigerian National The post Arewa youth group seek support for 2 million barrels daily oil production
Hope for manufacturing as diesel price drops by 5.7 per cent
The persistent energy crisis that has compounded the woes of manufacturers may have eased as diesel prices, a major source of energy for producers, dropped by 5.71 per cent from N1462.98 per litre in June 2024 The post Hope for manufacturing as diesel price drops by 5.7 per cent
FG begins crude oil sales in naira to Dangote, other refineries October 1
The Federal Government has announced that the sale of crude oil to Dangote Refinery and other local refineries will start on October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the implementation committee on Monda