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South Africa hit by power cuts, underlining Eskom challenge
South Africa was hit by power cuts on Wednesday after a number of Eskom generating units broke down, highlighting the challenge facing President Cyril...
Energy
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Nigerian state oil company NNPC says refinery revamps set for January
Full restoration work on all three of Nigeria’s state-owned refineries will begin in January, the Nigerian National Petroleum Corporation (NNPC) said ...
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Nigeria will not relinquish assets in $9B gas project dispute – Information Minister
Nigeria will not relinquish assets to a firm registered in the British Virgin Islands following a court ruling related to a $9 billion gas project dis...
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Nigeria to lose $9Bn in assets to engineering company in aborted gas project
A judge in London said on Friday he would grant a firm called Process and Industrial Developments Ltd (P&ID) the right to seek to seize some $9 bi...
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Kenya Power loses Sh60m to street vandals in 7 months
Kenya Power says it has incurred losses of Sh60 million in seven months after criminals vandalised street lights. The acting general manager for Netwo...
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Congo Republic discovers more oil, could produce up to 359 million barrels
The recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Congo is a game-changer for Congo and Africa. The discovery wa...
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Nigerian government to probe ex-president Obasanjo in alleged $16bn power scam
The Economic and Financial Crimes Commission (EFCC) will conduct a “comprehensive and forensic” probe” of the $16 billion allegedly spent on power pro...
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‘Failed investors’ to sell power distribution assets back to Nigeria at N736 billion
In a bid to revamp the country’s power sector, the Federal Government (FG) is considering repossessing no fewer than 10 electricity distribution firms...
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Uncertainty surrounds take-off of $14 billion Dangote Refinery in Nigeria
There is an air of uncertainty as regards the commencement date of Dangote Refinery’s operation. This is according to Devakumar Edwin, the Group Execu...
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Oil inches above $60 as US delays tariffs on Chinese goods
Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of tariffs that were to be impos...