… streaming royalties soar by 127% year-over-year Oredola Adeola This surge in earnings represents a 2,500% rise since 2017, showcasing the substantial growth in revenue for artists from the platform. It is noteworthy that Spotify is…
By Ibrahim Musa There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion ExxonMobil’s…
…commits to strengthening partnership with Energy Correspondents The Petroleum Technology Association of Nigeria (PETAN) has pledged its backing to the President Bola Tinubu-led administration’s drive to boost Nigeria’s oil and gas output for optimal returns, assuring that the country…
Oredola Adeola General Electric (GE) has completed the spin-off of GE Vernova, its renewable energy, power, and digital businesses, which has begun trading on the New York Stock Exchange (NYSE) under the ticker symbol “GEV” as a standalone company.…
op-ed by Tiwalade Haastrup On March 16, 2024, Eko Electricity Distribution Company (EKEDC), Nigeria’s leading electricity distribution company commissioned a state-of-the-art 2 X 20 MVA Randle Injection Substation for customers within the Surulere axis of its franchise area. The substation…
Oredola Adeola The Transmission Company of Nigeria (TCN) has ramped up load allocation to all electricity Distribution Companies (DisCos) with an average of 3,470MegaWatts distributed between Monday, March 11 and Wednesday, March 13, 2024, Advisors Reports’ analysis of load…
by NJ Ayuk, Executive Chairman, African Energy Chamber Will Equatorial Guinea fulfill its promise as a gas “mega hub,” or will stalled negotiations turn what should be a national economic boon into a missed opportunity? The answer depends largely…
Oredola Adeola The Nigerian Government has confirmed that the transfer of ownership of the Zungeru Hydroelectric Power Plant to Penstock Limited took place on January 23, 2024, following the settlement of the project’s commencement fee on January 5, 2024. Stanley…
Oped by Jerome-Mario Utomi The harrowing reality of Ubeji Community serves as a poignant reminder of the human cost associated with industrial practices such as gas flaring. It is incumbent upon President Tinubu’s government to demonstrate unwavering resolve and genuine…
Oredola Adeola Amidst sweltering temperature and irregular power supply, there is a growing public demand in Nigeria for the dismissal of Mr. Adebayo Adelabu, the Minister of Power, as the heat shows no signs of abating predictably until…
