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Tag: Energy

Masters Energy urges FG to handle FX issues
Business

Masters Energy urges FG to handle FX issues

Masters Energy Oil & Gas Limited has petitioned the Federal Government to ease currency restrictions in product importation. The Punch reported that this was said by the Executive Director of Operations of Masters Energy Group, Felix Eribo, on the sidelines of the just completed 2023 Oil Trading and Logistics Africa Downstream Week in Lagos. He urged the […]

FG identifies $23bn in potential energy transition investments
Energy

FG identifies $23bn in potential energy transition investments

The Minister of Power, Adebayo Adelabu, has stated that the Federal Government has identified around $23 billion in investment potential in Nigeria for projects that are directly tied to the country’s Energy Transition Plan. This information was released on Monday. According to The Punch, Adelabu stated during his speech at the 2nd German-Nigerian Symposium on Green Hydrogen that […]

Nigeria one of countries most affected by energy shift - APPO
Energy

Nigeria one of countries most affected by energy shift – APPO

Nigeria and its African neighbours have been identified as the primary victims of the industrialized world’s rapid energy transformation. The Punch reported that the  Secretary-General of the African Petroleum Producers’ Organisation, Omar Farouk, stated that the countries of Africa were being pressured to stop the exploration of fossils on Monday at the 3rd Biennial International Conference […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Business

UK businesses urge EU to reduce energy prices

European businesses have urged European Union to lower energy prices and ease policies to stop industries from leaving the country. This statement was made on Monday, as Brussels prepared plans to accelerate the green economy. The EU is driving towards Europe’s enhanced attractiveness to companies and industries who may be want to move to United […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Energy

Europe’s energy bills hits 800 billion euros

Researchers stated on Monday that the amount spent by  European countries to protect people and businesses from rising energy expenses has risen to about 800 billion euros. Researchers have urged countries to be more strategic in their expenditure to address the energy crisis. The analysis by think-tank Bruegel, showed that European Union  countries have set […]

A picture of the Energy Minister, Saudi Arabia Prince Abdulaziz bin Salman
Business

EU sanction may affect energy supply, Saudi minister warns

Saudi Energy Minister, Prince Abdulaziz bin Salman warned on Saturday that the sanctions being imposed by the European Union will have adverse effect on the energy sector resulting in the shortage of supplies. According to Reuters, the minister said this at an industry conference in Riyadh, the state capital of Saudi Arabia in response to […]

Energy

We no longer rely on Russian energy – Germany

Germany’s Finance Minister, Christian Lindner, says his country has stopped importing energy directly from Russia. He told BBC that Germany no longer relies on Russian imports for its supply of energy even though Germany previously imported around half of its gas from Russia. Christian Lindner shared that the strategy of diversification of Germany’s energy infrastructure […]

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