Oil markets Back Down As COVID Cases Surge

Uncertainty Has Overtaken Oil Markets Once Again

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July 16th, 2021 - The baseline amendment agreement between Saudi Arabia and the UAE foreshadowed a familiar path forward for the oil markets, at...
Renewable energy

Global renewable energy capacity jumps in 2020, more needed to meet climate goals: Experts

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Despite coronavirus pandemic-related impacts, which hit the global energy industry hard, renewable energy continued to grow, but renewable energy alone will be insufficient to...
NESI Nigerians May Experience Unstable Power Despite Commencement of New Electricity Tariffs

Power Distribution in Nigeria: A Gift that Keeps Giving?

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Yesterday, according to a Punch news report, Dr. Joy Ogaji, the executive secretary of the Association of Power Generating Companies of Nigeria disclosed that...
Petroleum Industry Bill (PIB) 2020 - A Game Changer?-Brand Spur Nigeria

Petroleum Industry Bill (PIB) 2020 – A Game Changer?

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The Petroleum Industry Bill (PIB) has a significant impact on the Nigeria's economy. Though the industry contributes less than 10% to the country's gross...
Nigeria's Oil Reserves Lose 600 Million Barrels In Three Years-Brand Spur Nigeria

Oil Prices Fall As OPEC+ Struggles For Consensus

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Friday, July 2nd, 2021 - The OPEC+ meeting resulted in some unexpected 11th-hour drama, delaying a decision that was expected on Thursday. Oil prices...
Transcorp Makes New Board Appointments, Announces New Subsidiary CEO-Brand Spur Nigeria

Transcorp Energy Plans First Nuclear Power Plants in Nigeria

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Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, has presented an alternative energy solution (nuclear power plants) to Nigeria as part...
Transcorp and Efora Settle Legal Disputes on OPL 281

Transcorp Energy Presents Alternative Energy Solution to Nigeria

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June 30, 2021, Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, has presented an alternative energy solution to Nigeria as part...
Nigeria Economy in 2021: Tough times, tough takes!

COVID Variant Threatens Oil Demand

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Tuesday, June 29, 2021 - Oil edged up on Tuesday after posting a loss on Monday due to demand concerns. New Covid restrictions. The spread of the Delta...
NESI Nigerians May Experience Unstable Power Despite Commencement of New Electricity Tariffs

Payment Assurance Guarantee cushions liquidity shortage in the NESI in 2020

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Since Nigeria’s Electricity Supply Industry (NESI) privatisation in 2013, a liquidity crisis has plagued the industry-leading the government to run subsidy programs continually. In Mar-2017,...
How To Save Your Electricity Consumption - NERC

Power sector: On meter deployment and higher meter pricing

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Metering remains one of the most pressing issues confronting Nigeria's electricity sector. The Nigerian Electricity Regulatory Commission (NERC) estimates that as of Q2-2020, only...
Nigeria's Oil Reserves Lose 600 Million Barrels In Three Years-Brand Spur Nigeria

Oil Prices Fall As OPEC+ Looks To Boost Production

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June 22, 2021 - Oil prices shot up on Monday as bullish sentiment around demand took hold, but in early trading on Tuesday, prices...
Enyo

Enyo reopens retail station at Isheri, delights customers with free fuel

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As part of efforts to extend positive customer service and experience, leading fuel retailing company, Enyo Retail and Supply Limited has reopened its Isheri...