Petrol Scarcity Looms as Landing Cost Hits N800/Litre Another round of petrol scarcity and price hike in the country is around the corner, as the landing cost of premium motor spirit has risen to N800 per litre, due to the geometrical rise in foreign exchange rates and scarcity of dollars. However, President Bola Tinubu had…
India Set to Install Record-High Rooftop Solar Capacity in 2024 Fiscal Year India is on track to install a record-high capacity of solar rooftops in the 2024 fiscal year as solar module prices are falling and enterprises are looking to source greener energy, a new report showed on Friday. Rooftop solar is booming in India…
1 Billion People Could Die If Global Warming Reaches 2 °C this Century, Scientists Warn About 1 billion people are on track to die if global warming reaches 2 °C this century, scientists have warned. This is according to a study published on Energies titled, “Quantifying Global Greenhouse Gas Emissions in Human Deaths to Guide…
Sahara Group Foundation Go-Recycling offers cash for waste Go-Recycling, a recycling exchange hub initiative by Sahara Group Foundation, Lagos State Employment Trust Fund (LSETF)` and Wecyclers is offering cash incentives to residents of Lagos state in exchange for recyclable waste materials. The project which is aimed at promoting sustainable environmental practices across Lagos state, has…
Power Ministry Backs Nigeria Energy Exhibition & Conference The Federal Ministry of Power has pledged its support for the 2023 edition of Informa Market’s Nigeria Energy Exhibition and Conference, recognizing it as a platform for critical stakeholders to explore issues in the Energy industry. As West Africa’s most established gathering of energy professionals featuring world-renowned…
WEOG Lagos Launches Business Directory Empowering Women in Energy, Oil, and Gas Sector By Jerome Onoja LAGOS — In a significant move aimed at boosting the presence and success of women-owned businesses in the energy, oil, and gas sector, the Women in Energy Oil and Gas (WEOG) Lagos Chapter has announced the launch of an…
Reps propose privatisation of petroleum refineries The House of Representatives is considering the privatisation of the four national petroleum refineries as one of the strategies to enhance the performance of the oil and gas sector. Chairman, House Committee on Petroleum Upstream, Hon. Ikenga Ugochinyere dropped the hint yesterday during the committee’s visit to the Nigeria…
FEC unfolds three-year economic revival plan, Tinubu warns ministers The Federal Executive Council on Monday unfolded a three-year economic revival plan to address the social and economic challenges affecting the country. The inaugural cabinet meeting, which was held at the council chambers of the Presidential Villa, Abuja, was presided over by President Bola Tinubu, who…
Oil Theft: Army Uncover Illegal Oil Bunkerers’ Camp in Imo, Delta Troops of the Nigerian Army have uncovered illegal oil bunkerers’ camp in Imo and Delta states. In separate operations carried out by troops of 343 Artillery Regiment and troops of 3 Battalion, boat and vehicle laden with illegal oil products were intercepted. This was…
Navy vows to arrest fleeing owners of ‘abandoned’ vessels used for alleged oil theft The Nigerian Navy has vowed to fish out, arrest, and prosecute fleeing owners of abandoned sea-going vessels arrested for alleged illegal oil bunkering activities This is as the Navy insisted that a vessel, ‘MV Cecelia’, set ablaze by its operatives in…