By Ikenna Omeje The Managing Director of Shell Nigeria Gas, Ed Ubong, has advocated for gas-producing states in Nigeria to have well-developed industrial clusters to stimulate growth and development. Speaking on “Strengthening Nigeria’s Gas Market: The Drivers, Opportunities & Challenges” at the Nigeria Oil & Gas Outlook, held in Lagos on Monday, Ubong noted that…
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters would end the regime of war risk insurance premium on Nigeria-bound cargoes. Dr. Jamoh made the assertion when he received Executive Secretary of…
By Ikenna Omeje The Nigerian Electricity Regulatory Commission (NERC) has said that electricity customers who choose to make upfront payments for meters under the National Mass Metering Program (NMMP) and the Meter Asset Provider (MAP) will be refunded by electricity Distribution Companies (DisCos) through energy credits. This is contained in the Meter Asset Provider (MAP)…
By Ikenna Omeje The Minister of Power, Engr. Sale Mamman is currently leading a delegation of Ministry officials, Executives of the Transmission Company of Nigeria and the Management of Mainstream Energy to hold a high-level meeting in N’Djamena, Chad to discuss Electricity Network Interconnection project between both countries. In a statement posted on his official…
By Ikenna Omeje President Muhammadu Buhari has said that the Nigerian National Petroleum Corporation (NNPC) has declared a profit after tax of N287 billion in 2020. Announcing this in a post via his official Facebook page on Thursday, Buhari noted that the national oil firm losses were reduced from N803 billion in 2018 to N1.7…
Johannesburg, South Africa. 25 August 2021. Hot on the heels of oil majors either exiting or cutting back their activities in West Africa, comes news of other players moving to fill the gap – in the coastal countries of Sierra Leone, The Gambia and Ghana, for instance. In other West African coastal countries – Senegal, Guinea-Bissau,…
By Ikenna Omeje Seplat Energy Plc and its Board Chairman, Dr. ABC Orjiako have emerged winners at the Energy & Corporate Africa Leadership Award Night/Dinner held last week in Houston, Texas, United States for outstanding indigenous performance. A statement by the company on Tuesday said that the award was the climax of the Annual Sub-Saharan…
By Ikenna Omeje The Acting Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Abdulaziz, has said the company has substantially upgraded its facilities and can now evacuate more bulk electricity to distribution load centers across the country. A statement by the TCN General Manager (Public Affairs), Ndidi Mbah, said Abdulaziz stated this…
Daniel Terungwa The Federal Government of Nigeria will collaborate with the Republic of Korea on the Integrated National Security and Waterways Protection Infrastructure otherwise known as the Deep Blue Project. The Minister of Transportation, Rotimi Amaechi, stated this recently during a courtesy visit paid him by the Vice Minister of Foreign Affairs, Republic of Korea,…
By Ikenna Omeje Despite its effort to curtail gas flaring, Nigeria flared 6,947.02 Billion Cubic Feet (BCF) of gas between April 2020 and April 2021, according to data obtained by Majorwaves from the Nigerian National Petroleum Corporation (NNPC) Monthly Financial and Operations Reports. Early in May, the World Bank listed Russia, Iraq, Iran, the United…