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    Energy

    Oil climbs to highest in over two years as Nigeria’s oil bill trapped over demands for big changes

    Brent climbs over $76/bbl, highest since October 2018 U.S. crude tops $74 for first time since October 2018 OPEC+ meeting on July 1 set to discuss...

    TotalEnergies says investments in Nigeria tend more toward renewables

    By Solomon Asowata Lagos, June 23, 2021 TotalEnergies says its investments in Nigeria will tend more toward renewable sources of energy as the company moves...

    Analysts say Nigeria losing $15 billion annually over delay in PIB passage

    ABUJA, June 23 - A week before the latest deadline to pass Nigeria's long-awaited oil overhaul bill, demands for big changes, including from...

    UNECA urges increased private sector involvement in Africa’s energy sector

    By Temitope Ponle Abuja, June 22, 2021 African governments must provide an enabling environment for “crowding-in private sector investments in the electricity sector”, says...

    Physical oil market gains suggest more support for futures rally

    By Alex LawlerFlorence TanDevika Krishna Kumar LONDON/SINGAPORE/NEW YORK, June 22 (Reuters) - Crude oil values in many parts of the world are rising on stronger...

    IPMAN backs NNPC, PPMC online products centralisation policy

    By Solomon Asowata Lagos, June 22, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN), has backed the new centralisation policy of online products...

    OPEC to mark 50th anniversary of Nigeria’s membership

    By Edith Ike-Eboh Abuja, June 22, 2021 The Organisation of Petroleum Exporting Countries (OPEC) will on July 12 mark the 50th anniversary of Nigeria’s ...

    IKEA, Rockefeller foundations pledge $1 bln in renewables investment In Nigeria, India and Ethiopia

    June 22 - IKEA Foundation, the charitable arm of the world's biggest furniture retailer, and the Rockefeller Foundation said on Monday they plan...

    Seplat Petroleum Development Company Plc Now Seplat Energy Plc

    Nigerian Exchange Limited has implemented the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc. This is in line...

    FSD Africa Investments invests $4.5m in Nithio FI, to support the scale up of off-grid energy access in African markets.

    Funding contributes to Nithio FI’s first raise of US$23 million to scale off-grid energy financing in Kenya, Nigeria, and Uganda. Lagos, June 22, 2021 –...

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