Ikeja Electric bags Best Performing Disco, Most Gender Diverse Utility Company in 2022 Ikeja Electric Plc (IE) has emerged the Best Electricity Distribution Company of the year and Most Gender Diverse Utility Company while the Board Chairman of the company and Executive Director of Sahara Group, Kola Adesina bagged the Power Sector Lifetime Achievement awards…
MER Nov. 2022 The price paid for industrialization and sustaining an average lifestyle in post-industrial age includes the 420ppm carbon dioxide (CO2) in the atmosphere today. Other heat-trapping greenhouse gases like methane and nitrous oxide abound still. Statista reveals that energy consumption per capita in Iceland is over 52,000 kilowatt-hours. That’s a far cry from…
Buhari Flags off Drilling For Oil Within Kolmani Field in Bauchi, Gombe President Muhammadu Buhari flagged off the drilling of oil and gas within Kolmani oil field in northeast Gombe and Bauchi states, which has a reserve of up to 1 billion barrels of crude, on Tuesday. “We are pleased with the discovery of over…
Damage to Electricity Infrastructure, Ikeja Electric Cautions against Reckless Driving In a continued effort to ensure safety and protection of electricity infrastructure in its coverage area, Ikeja Electric Plc has cautioned commuters against reckless driving occasioning damage to its electricity assets; which consequently leads to total blackout in some communities within its network. The Head…
Qatar Signs Deal To Supply Gas To China For 27 Years Saad al-Kaabi, the CEO of QatarEnergy, told Reporters on Monday that the company inked the longest-ever liquefied natural gas (LNG) sales and buy agreement with Sinopec of China, lasting 27 years. Just before the contract was signed, Kaabi gave an interview in Doha and…
Finance Minister Commissions Three Mobile Scanners at Apapa Port The Minister of Finance, Budget and National Planning, Zainab Ahmed on Tuesday commissioned three newly installed mobile scanners to boost operations of the Nigeria Customs Service (NCS). Speaking at the event, Ahmed disclosed that 120 Customs officers have been trained to operate the scanning machines, adding…
Nigeria: NNPCL Boss Alleges Government, Security Officials Involvement In Crude Oil Theft The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari has accused the Nigerian Government and security officials of conniving with oil thieves to steal Nigeria’s crude oil. Kyari, who spoke on Newsnight, a pre-recorded programme on…
Nigeria Drops to Seventh Place on OPEC Production List OPEC’s Monthly Oil Market Report for November which examined oil production performance in October, revealed that Nigeria’s output was 1.014 million barrels per day in October, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola and Algeria. While Angola produced 1. 051mb/d, Algeria produced…
Oil price unshaken as Russian price-cap talks drag, demand lags Oil prices remained stable as the European Union considered a higher-than-expected price cap on Russian crude and evidence of demand challenges grew. Brent Crude, the international benchmark, traded 0.49% higher at $85.76 per barrel as of the time of writing this report, according to…
Emissions to rise by 11% by 2030, says BCG, amid slow progress on decarbonisation goals Boston Consulting Group (BCG) revealed in its Post-COP27 report that the failure of stakeholders at COP27 to increase ambitions and close the policy gap makes it unlikely to limit global emissions by 45% within now and 2030, rather emissions…