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Daily Archives: Jan 18, 2017

OPEC daily basket price stood at $52.17 a barrel Monday, 16 January 2017, compared with $52.64 the previous Friday

Vienna, Austria, 18 January 2017--The price of OPEC basket of thirteen crudes stood at $52.60 a barrel on Tuesday, compared with $52.17 the previous day, according to OPEC...

Nigeria loses 1,899MW as seven power plants collapse

The latest industry data on sector reforms and activities has revealed that the collapse of seven power plants across Nigeria has resulted in a...

NNPC seeks increase in oil production royalties

The Nigerian National Petroleum Corporation (NNPC) has recommended some legal changes to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act. This changes...

Niger: ADFD backs energy project to provide electricity to 150,000 people

The Abu Dhabi Fund for Development (ADFD), in partnership with the International Renewable Energy Agency (IRENA) has thrown its weight behind an energy project...

Dangote sets up $100 million vehicle assembly plant in Lagos

As part of efforts to confront the employment crisis in the country, Africa’s richest man and leading entrepreneur, Aliko Dangote is setting up a $100...

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