Electricity crisis: S’East lost N28b in 3 months –SEECA
The South East Electricity Consumers Association (SEECA) says businesses in the South East lost over N28 billion in three months due to poor power supply. Its coordinator, Sebastine Okafor, made the claim in Enugu while urging governors to invest more in electricity generation. He described stable power as the quickest route to industrial growth in […]
TotalEnergies sells stake in Nigerian licences to Chevron
TotalEnergies has completed the sale of its stake in several Nigerian oil licences to Chevron, marking another shift in ownership within the country’s energy sector. The deal is part of the company’s ongoing strategy to streamline its portfolio and focus on assets it considers more profitable globally. Industry observers say the move reflects a growing […]
Ultra Capital Energy Joins Forces with NIPEX and OGFZA to Strengthen Nigeria’s Oil and Gas Industry
Ultra Capital Energy Limited, a leading energy company and part of Capital Luxury Group, is making significant moves to expand its oil and gas services in Nigeria. The company has formed strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA) to enhance the country’s oil and gas […]