NIGERIA THIS WEEK ENDING JULY 24, 2020

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According to the Nigerian Electricity System Operator on July 16, 2020, nine of the country’s 27 power plants were idle, leaving a total generation capacity of 2,079.1 megawatts stranded. The system operator put the nation’s installed generation capacity at 12,910.40MW; available capacity at 7,652.60MW; transmission wheeling capacity at 8,100MW; and the peak generation ever attained …

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Our Analysis For This Week, July 4, 2020

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Economy Declining demand for oilfield services poses a threat to Nigeria’s oil and gas industry Global demand for Oilfields Services (OFS) has been on a steady decline, and this has continuously challenged the oil industry in Nigeria. Oil represents over 80% of Nigeria’s exports, 30% of its banking-sector credit, and 50% of overall government revenue. …

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