Energy

How Affordable is Fuel to Average Nigerians?

Carmudi, an international online car platform, analysed global gas prices as well as daily income in various countries in Africa and the world and found out that, while fuel sale in Nigeria is among the cheapest in Africa and the world, fuel pump prices in largest oil wealthy Middle East are far cheaper than what it is in Nigeria..  Global consumer demand ...

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President Buhari Should Consider Solar Energy – Emeka Messiah Nwokeoma, Chairman and Managing Director Emesonic Electronics

Speaking to Motoring World’s Correspondent, last week, in his Lagos office located along Adegbola Street, off Anifowose, Ikeja, Managing Director of Emesonic Electronics Technology Ltd, Mr. Nwokeoma lamented over ignorance of Nigerians about what he described as advanced and effective Solar energy. He voiced recommendations to the recently elected President Buhari’s government on how solar energy can be adopted to ...

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Indonesia Gov. Clarifies Fuel Subsidy Scheme

Indonesia, which introduced a new fuel subsidy scheme recently, will re-deploy at least 120 trillion rupiah (USD9.5 billion) in savings to the transport and other sectors which will see a doubling in their capital expenditure budget this year, Energy and Mineral Resources Minister Sudirman has said. “What happened is shifting the subsidy from consumption into more productive spending,” the minister ...

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Ambode Parleys Tanker Drivers Unions, Stakeholders, Proffers Solution to Incessant Crashes

… Sets Up Fact Finding Committee Lagos State Governor, Mr Akinwunmi Ambode on Monday held a meeting with petrol tanker drivers and other stakeholders in the transportation sector on the way forward for the incessant tankers accidents in the state, setting up a committee to examine the immediate and remote causes of the incidences in the last one week. The ...

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Conoil Invests N5 Billion on Lubricant Plant

Nigerian lubricant producer Conoil will invest 5 billion naira (U.S. $2.5 million) on an additional blending plant and filling lines in Lagos, with capacity of 60,000 metric tons per year, intended for the Nigerian market. As contained in a recent press statement, the new plant, which is an addition to its state-of-the-art lubricant plant in Apapa, Lagos, is  to significantly ...

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Shell Ultra Fuel Efficient City Car Coming

Shell, in collaboration with the legendary race and road car designer Professor Gordon Murray and engine specialist Osamu Goto, plans to co-engineer an ultra-compact, efficient car for city use based around the internal combustion engine. The Shell car is scheduled to be unveiled in November 2015. The Shell concept is intended to be a simple, practical global city car; drawing ...

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