Representatives of West African countries will next week converge in Lagos to design a workable blueprint for steady power supply in the sub-region. Mr Oti Ukpai, Chief Executive Officer of Flintpostures, the organiser of the meeting, said on Saturday in Lagos at a Roundtable with journalists to announce the 2nd West Africa Power Summit (WAPS). […]
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Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that the global glut will persist. Benchmark Brent crude futures fell below the $46-a-barrel mark, trading down 1.7 percent at $45.79 a barrel, down 80 cents, at 1045 GMT. U.S. West […]
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The Nigerian Communications Commission (NCC) has said that over $35 billion had been invested in the nation’s telecommunications industry from Foreign Direct Investments (FDI). Executive Vice Chairman of the commission, Professor Umar Danbatta, recently made this known in Lagos during a stakeholders’ forum in preparation for the International Telecommunication Union (ITU) Telecom World 2016 holding […]
Read More The Nigerian Communications Commission on Sunday warned telecommunications operators against defying its directive on sending subscribers unsolicited text messages. In a statement issued in Abuja, the Director of Public Affairs at the regulatory agency, Mr. Tony Ojobo, expressed readiness to protect subscribers from the nuisance and irritation of unsolicited text messages and calls from mobile […]
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The world’s two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to “act together” to try to stabilise oil prices, but failed to make headway on a production freeze. The two nations “noted the particular importance of constructive dialogue and close cooperation between the largest oil-producing countries.” This should have “the […]
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Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, at the weekend called for further increase in the price of Premium Motor Spirit, also known as petrol, stating that the present price cap of N145 per litre was not in line with current economic realities. According to a statement by the NNPC, the […]
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Today, Power Africa announced a new partnership arrangement with the Government of Japan focused on reducing energy poverty and increasing access to sustainable energy in sub-Saharan Africa. The Memorandum of Cooperation (MOC) between the United States and Japan — signed by the United States Agency for International Development (USAID) and the Ministry of Foreign Affairs […]
Read More Oil prices dipped on Thursday, extending the previous day’s decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support. International benchmark Brent crude oil futures LCOc1 were trading down 10 cents at $48.85 per barrel at 0709 GMT, having closed down 1.8 […]
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Members of the Organization of the Petroleum Exporting Countries, OPEC and some non-members, such as Russia are due to meet informally in Algiers, Algeria next month. The meeting will be on the sidelines of the International Energy Forum, taking place 26-28 September. Russia is attending the forum as well. The informal meeting is taking place […]
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The Japanese Government, through its agency, Japan International Cooperation Agency, has donated solar power worth $9.7 million to the Federal Government to boost electricity in the country. Japanese Ambassador to Nigeria, Mr Sadanobu Kusaoke, disclosed this in Abuja on Tuesday during the inauguration of the project. Kusaoke stated that Japan considered the power sector as […]
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*Mambilla power station can provide 3,000MW – Fashola The Transmission Company of Nigeria (TCN) said on Monday that its on-going five year expansion programme, designed at expanding electricity transmission capacity to 11,500 Mega Watts(MW) by 2019 will require 7.5 billion dollars. The Managing Director of TCN, Abubakar stated that there was no going back on […]
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President Muhammadu Buhari has been advised to immediately complete the Mambilla Hydro Power Project to increase the energy potentials of Nigeria and pave way for more development. Former President Olusegun Obasanjo gave this Charge in Jalingo on Friday while speaking with newsmen after visiting the site of the power project. Obasanjo said that the project […]
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