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Savannah Energy PLC, the British independent energy company has said that as it focuses on Key proojects in Africa the is delighted to announce an increase in its revenue by 26 percent for the year ended 31 December 2022. The results show that Savannah’s total revenues grew 26% to US$290.4m (from US$230.5m in 2021), ahead of previously issued guidance of ...

The Managing Director (MD), of Oil and Gas Free Zone Authority (OGFZA), Sen. Tijjani Kaura, has hinted that the management is seeking to invest in independent power to ensure availability of green energy in free zones, thereby improving the business environment devoid of pollution for investors in free zones. He therefore noted that renewable energy will create a conducive environment ...

In what is considered a rare situation with electricity management in Nigeria, The Port Harcourt Electricity Distribution Plc, PHED, has recorded revenue of N6.3billion from electricity bills collection in the month of May 2023, the highest revenue collection ever in its history. The N6.3billion revenue according to the Port Harcourt Disco, represents 71 percent increase in collection efficiency as against ...

As the United Nations Environment Programme (UNEP) lead the global coomunittee in the campaign for protecting the environment which began in the 1960s and 1970s with key international programs like the Environment Committee of the OECD and the United Nations Conference on the Human Environment 1970. In 1972, the UN General Assembly designated June 5th as World Environment Day (WED). ...

…….. by Ben Ndubuwa……. The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Wednesday in Abuja pledges to support the Federal Government’s removal of fuel subsidy with Autogas Mass Transit Bises The association’s chairperson, Dame Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu. She said the association would support government’s palliative ...

………by Ben Ndubuwa………. Egbin Power Plc, the largest electric power generating company has joined global action against plastic polution. This deliberate actions is designed to further reduce environmental pollution in line with the global agenda for sustainability. The action is to futther commemorate World Environment Day 2023, under the theme “Solutions to plastic pollution.” The GenCo, while raising awareness about ...

The Nigerian National Petroleum Company Limited (NNPC) is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding that private companies could begin importing petrol as soon as this month. The move is part of new Nigerian President Bola Tinubu’s plans to deregulate the gasoline market and reduce the burden ...

The world commemorates World Environment Day annually on June 5 to celebrate and promote environmental awareness and sustainability across the globe. Led by the United Nations Environment Programme (“UNEP”), and held every year since 1974, each edition focuses on raising awareness and mobilizing the world to take positive action to protect nature and our planet. The theme for this year ...

…….CCF can close gabs before 2023….. ………by Ben Ndubuwa……..Concessional Consumer Financing (CCF) has been identified by experts as a major step governments could take to brigde the electricity access and affordability gaps in the Sun-saharan region. CCF, they say will be adequate enough to address the gaps for over 565 million people living in the Sub-Saharan Africa who do not ...

………As Members Agrees To 4.7 MBD Production Cut In July …………..by Ben Ndubuwa……..The Organization of Petroleum Exporting Countries OPEC+ members agreed to maintain their current supply curbs through the end of 2024, following a weekend of intense oil diplomacy in Vienna. Similarly, quotas for 2024 were lowered production stragglers like, Nigeria, Angola, Azerbaijan, Malaysia, Congo and a few more countries.Under ...