The Organisation of Petroleum Exporting Countries (OPEC) has said the average price of its members’ crude grades (OPEC Basket) rose by 70 per cent in two years to $73.27 per barrel (bbl). Oil prices crashed globally in 2014 from over $100 per barrel to below $30 per barrel. However, from 2016, prices started to rally…
The Minister of Communications, Mr. Adebayo Shittu, has launched a $1 million breakthrough innovation which will change the face of Information Communication Technology (ICT) in Nigeria. Shittu while speaking at the unveiling of the new multimedia multifunctional digital system in Abuja, said the ICT when fully deployed would employ at least 50,000 Nigerians. He noted…
The Kebbi State Government will begin production of ethanol from sugarcane starting from 2019, the state governor, Atiku Bagudu, has said. Bagudu made the disclosure on Thursday, September 6, 2018 when he received members of Security Watch Africa, who paid him a courtesy visit in Birnin Kebbi. “As part of our efforts to increase security…
Qatar on Monday, September 17, 2018 said that the country had plans to produce first Qatari electric cars by 2023, local media reported.ar on Monday, September 17, 2018 said that the country had plans to produce first Qatari electric cars by 2023, local media reported. The Qatari electric vehicles will be manufactured by the factory…
It is imperative for African Civil Society Organisations (CSOs) to advocate for innovative solutions to overcome environmental challenges facing Africa, UN Environment regional director for Africa, Juliette Biao Koudenoukpo, said on Sunday, September 16, 2018. “This continent has the capacity and the knowledge to innovatively overcome our environmental challenges. We need to move faster from…
To mark the 2018 International Day for the Preservation of the Ozone Layer, a group of environmental advocates under the platform of Environmental Communication and Research Group (ECREG) has called on government and the citizenry to increase efforts towards the protection of the ozone layer, saying that such efforts will be presently beneficial to the…
Twenty ships are discharging petroleum products and other commodities at the Apapa and Tin-Can Island Ports in Lagos. A statement by the Nigerian Ports Authority (NPA) on Tuesday revealed that three of the ships would discharge petrol. It explained that the other 17 ships would discharge buckwheat, general cargo and diesel. Source: P.M. News
Kainji Hydropower Generation Company (GenCo), under Mainstream Energy Solutions Limited (MESL), has sustained 24 hour supply to seven eligible customers and 23 hours to another customer, dispatching 2,056 megawatts hour (MWH) of electricity last Wednesday. The operation data showed that during the period under review, the bilateral agreement between MESL’s Kainji GenCo and the eight…
Indications emerged yesterday that the sale of Nigeria crude oil in the international market is currently facing challenges which may lead to lingering glut due to surging production of United States shale crude, which experts say has similar geological properties. According to loading programmes compiled by Bloomberg, about 25 out of 60 Nigerian cargoes scheduled…
The Federal government at the weekend said it had completed energy audit of 37 federal universities, paving the way for the award of contracts for the commencement of independent power production. Speaking at a workshop tagged: ‘Strengthening National Health Research Capacity’ which was organised by the National Institute for Medical Research (NIMR) in Abuja, the…
