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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria has many revenue problems; one of its most notorious issues is idle blocs. The issue is not an easy one to understand because it has several layers with many different sides. When an oil executive at the last NOG Energy Week said Nigeria’s underutilised oil blocs have a front-role seat in the country’s quest to achieve its ambitious target of 7 percent GDP growth, the task at hand for Nigeria came into better perspective.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
AI-optimized data centers will more than quadruple their electricity demand by 2030, making artificial intelligence the most significant driver of the increase, according to a new report by the International Energy Agency (IEA).
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China from May 19–23, 2025. Speaking during a media engagement in Lagos, Akachukwu Nwokedi, NGA president revealed that the Association will host a Nigeria Pavilion at the prestigious triennial event, organized by the International Gas Union (IGU).
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Kenyon International West Africa Company Limited, an oil and gas servicing firm, has reinforced its commitment to nurturing Africa’s next generation of energy professionals through its active participation in the Society of Petroleum Engineers (SPE) Africa Annual Student Congress (SAASC) 2025.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Egbin Power, Nigeria’s power generation company, has been identified as the ideal location to host the nation’s first National Data Park and Compute Infrastructure, in a move aimed at accelerating Nigeria’s digital economy. Bosun Tijani, minister for communications, innovation and digital economy made this announcement during his visit to the power Plant, where he was received by Kola Adesina, group managing director, Sahara Power Group and Mokhtar Bounour, CEO of Egbin Power among others.
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2 weeks ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The Dangote Petroleum Refinery has informed marketers of a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from over N930 per litre to ₦865, in a move that has brought relief to millions of Nigerians. Data source from petroleumprice.ng showed the new price is N65 reduction from the N930 sold by the refinery earlier this week.
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2 weeks ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Archlight Nigeria Limited has described as ‘misleading and unfounded’, claims by 86 Gardens Limited in a court filing seeking to interfere with the legitimate ownership and transfer of shares in the Ibadan Electricity Distribution Company (Ibadan DisCo). In a statement released by the company’s management, it said it emerged as the preferred bidder for the 60 per cent equity in IBEDC offered by the Asset Management Corporation of Nigeria (AMCON) during a competitive bid in 2024.
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2 weeks ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Eterna Plc, an integrated energy company, has demonstrated remarkable resilience and strategic growth, posting a 71 percent increase in revenue to N313.6 billion for the year ended December 31, 2024. This impressive performance marks a significant turnaround for the company, which returned to profitability after navigating a challenging economic landscape.
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2 weeks ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Oil majors saw their stocks nosedive as the one-two punch of US President Donald Trump’s sweeping tariffs and OPEC+ production increases punished global markets and sent benchmark crude prices to their lowest levels in years. Analysts have also lowered their oil forecasts for 2025 in anticipation of weak demand induced by the trade war and larger supplies from the OPEC+ hike.
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2 weeks ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Africa requires bold and immediate interventions powered by innovation, collaboration, and equity to advance the continent’s march toward energy security and sustainable development, Wale Ajibade, executive director at global energy and infrastructure conglomerate, Sahara Group has said.
