British Gas Launches Peak Save Energy Reduction Plan British Gas is launching an energy reduction plan for this winter that will pay customers for every unit of electricity they save compared to their normal usage, the company said on Thursday. The plan, called “Peak Save”, will run between December 2022 and March 2023, and could…
Panic Buying: No Plan to Increase Fuel Price, NMDPRA Assures Nigerians The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Wednesday said the Federal Government is not currently planning to increase the price of Premium Motor Spirit popularly called petrol. Fuel queues resurfaced in Lagos, Abuja and some neighbouring states, a development that has made…
Sahara Group Awards $55,000 Seed Capital to 11 African Social Innovators Sahara Group, an integrated energy company, has awarded $5,000 each as seed capital to 11 African social innovators who successfully completed its 2022 Sahara Impact Fund (SIF) Fellowship programme. The three-month Fellowship, which was organized by Sahara Foundation in collaboration with LEAP Africa, a…
NCDMB Begins Training of 500 Youths on GSM Phone Repair in Bayelsa The Nigerian Content Development and Monitoring Board (NCDMB) has begun training of 500 youths on GSM phone repair in Yenagoa, Bayelsa State. The training is an initiative of the NCDMB Youth Empowerment Training Programme aimed at building the capacity of Nigerian Youths through…
NNS Pathfinder seeks Synergy with the NUPRC to handle stolen Crude in Rivers State The Nigerian Navy Ship Pathfinder is seeking a working collaboration with the Nigeria Upstream Petroleum Regulatory Commission to tackle challenges it face in evacuation and storage of stolen crude oil from arrested oil thieves. The Commander, NNS Pathfinder, Commodore Suleiman Ibrahim…
Oil Prices Erase 2022 Gains as China’s Protests Spark Demand Worries Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1%, to trade at $80.97…
Wärtsilä partners Hycamite for onboard hydrogen production from LNG The technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specialising in the development of a pioneering technology for producing clean hydrogen and solid carbon from methane. The two companies will work together to enable cost-effective production…
. NDPHC owns Largest Fleet of Power Plants and Generation Stations in Nigeria and Africa- Oyedele Ife Oyedele, Executive Director, Networks, Niger Delta Power Holding Company (NDPHC), pointed out clearly shortly after receiving the University of Lagos Distinguished Alumnus Award held in Lagos that the generation company is the most successfully owned organization not just in…
TICT Says no Plan to Retrench Workers over Acquisition by MSC The Tin-Can Island Container Terminal (TICT) on Monday assured workers that it has no plans to embark on any retrenchment exercise despite the acquisition of the African logistics business of its parent company, Bolloré Group by Mediterranean Shipping Company (MSC). In a meeting with…
Sylva says Nigeria will Stop Fuel Importation in 2023 Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has expressed optimism that the country will end importation of petroleum products next year. The minister said on Tuesday that the completion of rehabilitation work on the Port Harcourt Refinery will see the plant deliver 60,000 barrels…