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Nigeria-China partnership critical to vision 30:30:30, universal energy access by 2060 – Power Minister Adelabu
September 5, 2024DistributionEnergy TransitionFinanceGenerationGreen FinanceNewsPowerRenewablesSolarSustainability

Nigeria-China partnership critical to vision 30:30:30, universal energy access by 2060 – Power Minister Adelabu

Oredola Adeola Chief Adebayo Adelabu, Minister of Power, has revealed that Nigeria’s commitment to achieving 30GW of grid energy supply with a 30 percent renewable energy mix by 2030, and universal energy access by 2060, presents an opportunity for collaboration…

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NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 
August 26, 2024DownstreamFinanceGasMaritimeMidstreamNews

NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 

… NNPC Shipping Ltd intends to build a shipping portfolio, including owned vessels … schedules to deliver at least two more LNG cargoes to Asian market on a DES basis by November   Oredola Adeola The Nigerian National Petroleum Company…

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 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES
August 22, 2024DocumentaryEnergy TransitionFinanceImpactLocal ContentMaritimeNewsOil & Gas

 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES

… lists gains of NOGIDC Act, charges Namibia to prioritise local content Oredola Adeola Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) announced that by the end of 2023, the country had reached a…

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AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion
August 19, 2024DocumentaryDownstreamFinanceMidstreamNewsUpstream

AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion

… denies subsidy payment, says it was only taking care of PMS importation shortfall … cites distribution, logistics challenges as causes of fuel scarcity in Lagos, Abuja   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited, in its 2023 Audited…

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NNPC Ltd is not owing $6.8bn – Soneye responds to critics
August 18, 2024DownstreamFinanceMidstreamNews

NNPC Ltd is not owing $6.8bn – Soneye responds to critics

.. refutes claims of non-remittance, affirms regular tax payments to Federation Account  Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted a media report claiming that the company owes international oil traders $6.8 billion and has not…

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Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation
August 12, 2024DownstreamFinanceGasMaritimeMidstreamNews

Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation

…. secures $105.33m out of total of $876.26 million at a rate of N1,495/$1   Oredola Adeola The Dangote Oil & Gas Company Limited received $5.33 million for the importation of gasoil and low-pour fuel oil (LPFO), during the most recent…

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Adegbemle, PowerUp Nigeria urges REA, others to share data, optimize green funding utilization
July 26, 2024Energy TransitionFinanceGenerationGreen FinanceHydroplantLocal ContentNewsPower

Adegbemle, PowerUp Nigeria urges REA, others to share data, optimize green funding utilization

… insists data transparency, private collaboration crucial for Nigeria’s 30GW renewable energy vision by 2030 Michelle Savage Adetayo Adegbemle, Executive Director of PowerUp Nigeria, has challenged the Rural Electrification Agency (REA) and other relevant agencies to move beyond rhetoric and…

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REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  
July 25, 2024ConcessionDistributionDocumentaryEnergy TransitionFinanceGenerationGreen FinanceImpactNewsPowerRenewablesReviewSustainabilityTechnology

REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  

  Michelle Savage Abba Aliyu, Acting Managing Director/CEO of the Rural Electrification Agency (REA), Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, and Ugochukwu Amadi, National Chairman of the Association of Energy Correspondents of Nigeria…

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NERC to review mini-grid regulations to boost renewable energy integration
July 24, 2024DistributionEnergy TransitionFinanceGenerationNews

NERC to review mini-grid regulations to boost renewable energy integration

  Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has revealed the plans to review mini-grid regulations to accelerate the adoption and expansion of renewable and distributed energy solutions in the country’s electricity grid system.   This was the…

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 Port Harcourt Refinery to commence production in Aug, Kaduna by Dec 2024- NNPC Ltd GCEO
July 16, 2024DownstreamFinanceGasMidstreamNewsOil & Gas

 Port Harcourt Refinery to commence production in Aug, Kaduna by Dec 2024- NNPC Ltd GCEO

  “Recent growth in the nation’s crude oil production was as a result of President Tinubu’s Executive Orders” – Kyari     Mele Kyari, Nigerian National Petroleum Company Limited, NNPCL Group Chief Executive Officer has announced that the Port Harcourt…

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