Egbin Drives Nigeria’s Enhanced Power Supply With 1,100MW

The recent improvement in power supply across the country is being driven by sustained generation of 1,100 megawatts Egbin Power Plc, which produces one-third of the total power generated in Nigeria. According to a report by the News Agency of Nigeria (NAN), Egbin’s current generation capacity, which hit the 1,100MW mark in July, has been…

Nigeria Hits 4,600MW Of Power Generation

…President Demands Better Distribution To Consumers Nigeria is currently generating about 4,600 megawatts of electricity, but President Muhammadu Buhari on Wednesday directed the Ministry of Power to ensure more is generated and distributed to Nigerian consumers. He gave the directive to senior Ministry of Power officials, led by the Permanent Secretary, Godknows Igali, who were…

Oil Prices Appreciate From Lows

Oil prices rose Wednesday, with New York’s price rebounding from six-year lows as the International Energy Agency predicted stronger crude demand amid a supply glut. US benchmark West Texas Intermediate (WTI) for September delivery climbed 48 cents to $43.56 a barrel. Brent North Sea crude for September gained 28 cents to stand at $49.46 a…

IEA Sees Oil Glut Persisting In 2016, Despite Soaring Demand

The International Energy Agency says it does not see an immediate rebound in low oil prices, despite its growing global demand. The agency in its report on Wednesday said that global oversupply was so great that it would last through 2016. The West’s energy watchdog said it was steeply raising its demand growth outlook for…

Lafarge Africa’s 220MW Power Plant To Begin Operation October

Lafarge Africa Plc has said that its newly constructed 220-mega watts power plant at Ewekoro, Ogun State, would commence operation in October. A report by the News Agency of Nigeria (NAN) noted that the company’s Managing Director, Guillaume Roux said the project worth $400 million (N78.8 billion) was executed in partnership with the International Finance…