Energy

Muhammadu Buhari

Overhaul, amend NCMDB Act to achieve result, NUPENG tells Buhari

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has told President Muhammadu Buhari, that only a total overhauling and amendment of Nigeria Contents Monitoring and Development Board, NCMDB, Act will make it achieve the aim and purposes of the act. Speaking during a courtesy visit by the National Executive Council, NEC, members of NUPENG […]

Read More
United Capital

United Capital unveils economic report, projects market recovery

After a negative performance in 2018 and a bearish start in 2019, analysts at United Capital Plc have projected a positive close for the Nigerian equities market at the end of the year. The projection is contained in the investment banking firm’s Economic outlook for the 2019, themed: ‘Sailing Through the Storm’ It takes a […]

Read More

NNPC committed to end petrol import this year ending

The Nigerian National Petroleum Corporation (NNPC) has indicated it will meet up with the December 2019 deadline proposed by the federal government to end the importation of refined petrol into Nigeria. The development is expected to pave way for the refineries in Port Harcourt, Warri and Kaduna, to produce most of the petrol consumed in […]

Read More
An employee works on electric pylons at a power station in Greater Noida on the outskirts of New Delhi June 8, 2012. REUTERS/Parivartan Sharma/Files

4 DisCos metered up to 50 pct of consumers in second quarter 2018 – NERC

The Nigerian Electricity Regulatory Commission (NERC), says only four out 11 Electricity Distribution Companies (DisCos) in the country have metered up to 50 per cent of customers under their franchise areas. NERC in its 2018 second quarter report published on its website also revealed that only about 45 per cent out of the total 7,476,856 […]

Read More
An employee works on electric pylons at a power station in Greater Noida on the outskirts of New Delhi June 8, 2012. REUTERS/Parivartan Sharma/Files

BEDC reconnects 42 communities across coverage states

Management of BEDC Electricity PLC (BEDC) says it has reconnected 42 communities within its franchise states of Delta, Edo, Ondo and Ekiti states which were hitherto without power supply to the national grid, as at end of November 2018. The distribution company (Disco) which made this known in statement declared that the notion that BEDC […]

Read More
Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside Lagos, file.

Oil cargoes from Nigeria, others to U.S. plunge

Crude oil cargoes leaving for the United States from Nigeria and other members of the Organisation of Petroleum Exporting Countries dropped in December to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm, Kpler, showed. Oil cargoes departing from OPEC nations to the US fell to 1.63 million […]

Read More

Pipeline guards beg NNPC over unpaid 21 months salary arrears

Group known as Pipeline Right of Way Surveillance Providers Forum has appealed to the Management of Nigerian National Petroleum Cooperation (NNPC) to immediately intervene and settle the salaries and entitlements of all the community guards covering from Koton Karfe to Kaduna axis. The group in a statement issued in Kaduna and signed by the Chairman […]

Read More

Nigeria needs to increase oil, gas reserves – Isa

The Chairman and Chief Executive Officer, Waltersmith Petroman Oil Limited, Mr Abdulrazaq Isa, speaks to ’FEMI ASU about the impact of the recent oil price slump, and the need to ramp up the nation’s oil and gas reserves, among other vital issues There has been an increase in local participation in the nation’s oil and […]

Read More

Obaseki moves against BEDC-induced darkness with Ossiomo-CCETC 55MW Power project

In a bold move to free Edo people and residents from the stranglehold of the inefficient Benin Electricity Distribution Company (BEDC) and undo the endless cycle of darkness foisted on electricity consumers in the state, Governor Godwin Obaseki on Wednesday, visited the 55 Megawatts CCETC-Ossiomo Power plant as the facility prepares to commence operation. Addressing […]

Read More
The Minister of Mines and Steel Development Kayode Fayemi speaks during an exclusive interview with Reuters in Abuja

Fayemi flags off $55 million World Bank funded water project

Ekiti State Governor, Dr Kayode Fayemi has flagged off the rehabilitation of Ero dam and replacement of transmission main pipelines with an expectation that the project would address water shortage and curb open defecation. Speaking at the flag off ceremony in Ikun Ekiti, Dr Fayemi expressed optimism that the $55 million project which is co-sponsored […]

Read More

Q1 2019: FG plans sale of Afam Power, Yola Disco

The Federal Government plans to realise the sale of Afam Power Plc and Yola Electricity Distribution Company in the first quarter of 2019, investigation has shown. The Bureau of Public Enterprises had in September constituted an inter-ministerial committee for the screening of prospective investors who had expressed interest in the acquisition of 60 per cent […]

Read More

BP, Exxon, Total, 13 others bid for Ghana’s oil fields

Sixteen companies, including five majors, have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round. According to Africa Oil+Gas Report, the Ministry of Energy (MoE) described the companies as “high calibre companies with proven track records,” and sees their interest as “a vote of confidence in the Ghanaian economy.” The […]

Read More