New Telegraph

  1. Home
  2. Business

Category: Energy

Firms plan to build 30MW wind, solar power plant in Lekki

Firms plan to build 30MW wind, solar power plant in Lekki

Two engineering firms, Credco and Vergnet have indicated their plan to build a 30 megawatts windfall and solar hybrid plant in the Lekki area of Lagos state. This was disclosed during the presentation of the…

Kyari: NNPCLimited, recorded 9,000 infractions on oil pipelines in one year

Kyari: NNPCLimited, recorded 9,000 infractions on oil pipelines in one year

Nigerian National Petroleum Company (NNPC) Limited has said that it recorded 9,000 infractions on oil pipelines in one year. The Group Managing Director, NNPC Ltd, Mele Kyari, disclosed this in Abuja during an oversight function…

…Nigeria now Africa’s largest importer of refined fuel –S&P

…Nigeria now Africa’s largest importer of refined fuel –S&P

Nigeria has become the largest importer of refined fuel in Africa as petrol shipments from Europe to Africa has increased, analysts at S&P Global Commodity Insights have revealed. The report disclosed that crude oil shipments…

NBS: Nigeria earned record high N29trn from oil exports in 2023

NBS: Nigeria earned record high N29trn from oil exports in 2023

Nigeria earned a total of N29 trillion from oil exports in 2023, the National Bureau of Statistics (NBS) disclosed in its recently released foreign trade report. The amount is an increase of 37 per cent…

Power: Unending blame game over crippling electricity output

Power: Unending blame game over crippling electricity output

While many Nigerians are in pain over the lingering epileptic power supply, which has negatively affected their businesses, increased operational cost and household expenditure as well as reduced their standard and quality of life, the…

Nigeria’s Solid Minerals Deposit Estimated at $700BN, Says Alake

Nigeria’s Solid Minerals Deposit Estimated at $700BN, Says Alake

Minister of Solid Minerals Development, Dele Alake, has said that Nigeria’s mineral deposit is estimated at $700 billion. He said the estimate was based on available geo-data. He, however, said that Nigeria’s mineral deposit estimates…

Interswitch named as partner of 2024 Innovate AI Conference

Interswitch named as partner of 2024 Innovate AI Conference

One of Africa’s leading digital payment and commerce companies, Interswitch, has been announced as a partner of the Innovate AI Conference scheduled to take place on February 23 and 24, 2024, on Victoria Island, Lagos.…

Lessons from the Bank of America data breach

Lessons from the Bank of America data breach

The recent data breach at Bank of America, caused by a supply chain hack, serves as a stark reminder of the ever-growing threat of cyberattacks. This incident has raised serious concerns about the vulnerability of…

Power: Proffering solutions to incessant grid collapse

Power: Proffering solutions to incessant grid collapse

The collapse of the nation grid by 11.21am penultimate Sunday, (February 04, 2024), which is the first this year, has revived the urgent need to address power epilepsy and causative factors in Nigeria. General Manager,…

TotalEnergies to sell minority share in Nigerian onshore oil joint venture

TotalEnergies to sell minority share in Nigerian onshore oil joint venture

The Chief Executive Officer, TotalEnergies, Patrick Pouyanne, has said that the company plans to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s announcement of planned divestment in January. He…