Tag: Energy

Article summary  Fuel subsidy removal has compounded the harvest of unofficial payments by road transport workers to the ‘agbero’ network in Lagos state.  Lagos state also has other vulnerabilities to…

Article summary  DAPPMAN met with President Tinubu on June 7 and made some demands that could enable ease of business in Nigeria’s oil market.   The association is in full support…

Article summary As of 2021, the countries with the largest number of people without access were Nigeria (86 million), the Democratic Republic of the Congo (76 million), and Ethiopia (55…

Article summary Compressed natural gas has been proposed as a promising alternative to petrol in Nigeria due to the country’s significant natural gas reserves. The plan to convert Nigerian vehicles…

Article summary  Nigerian National Petroleum Company Limited spent N4.8 trillion running state-owned refineries between 2010 and 2020.  Product output from the Port Harcourt, Warri, and Kaduna refineries has not exceeded…

Article summary Obi says he has consistently maintained that subsidy should be removed because he sees it as organized crime. He added that he wouldn’t want to go through the…

Article summary  Africa’s trillion-dollar carbon market presents a significant opportunity for the continent to benefit from carbon markets, but collaboration among stakeholders is crucial.   The launch of the African Carbon…

Article summary Before electric vehicles are deployed on a wide scale in developing countries, there must be an efficient electricity market. Developing countries face many power systems challenges that will…

Article summary KPMG Nigeria says that the fuel subsidy removal will likely push the inflation rate to 30% in June 2023. The current inflation rate in the country is 22.22%.…

Article Summary Saudi Arabia and the United Arab Emirates (UAE) have resolved their rift within OPEC+ by agreeing to allow additional oil supplies from Saudi Arabia to the UAE next…