By Ikenna Omeje Following the appointment of a former Nigerian Minister of Finance as well as former Managing Director of the World Bank, Dr. Ngozi Okonjo-Iweala, as the new Director-General of the World Trade Organisation (WTO), the Organisation of Petroleum Exporting Countries (OPEC) says it is looking forward to enhancing relationship with WTO. The OPEC…
Vice President Professor Yemi Osinbajo has explained why Nigeria is changing to cleaner energy. And this is in line with the globally endorsed Climate Change agenda and the Buhari administration’s effort to connect more communities to off-grid power and reliable energy sources, according to Vice President Yemi Osinbajo. He stated this on recently in a…
Mordi chukwunonso esther The Major Oil Marketers Association of Nigeria, MOMAN, has advised the federal government, including stakeholders in the oil and gas sector, to debate and share pragmatic and realistic initiatives on how to mitigate the impact of pump price increases on Nigerians which came as an aftermath of a fully deregulated downstream sector….
Mordi Chukwunonso Esther The Nigerian Content Development and Monitoring Board (NCDMB) has urged international oil companies operating in the country to embark on new projects despite the delay in the passage of the Petroleum Industry Bill. The company said many local fabrication and manufacturing yards had been idle since the conclusion of the Total’s Egina…
By Ikenna Omeje President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co to address infrastructure deficit in the country. The company, which will take off with an initial seed capital of N1 Trillion, is expected to grow to N15 Trillion in assets and capital over time, a…
By Ikenna Omeje The Executive Director of Capital Projects and Portfolio Management at Dangote Group, Devakumar Edwin, has said petroleum products from the company’s 650,000 per day refinery in Lagos will hit the market by early 2022. The plant, was previously set to come on stream in 2020, but the completion of construction work was…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Petroleum Pricing Marketing Company (PPMC) a subsidiary of Nigeria National Petroleum Corporation(NNPC) to rescind its recent decision to introduce customers’ express payment policy for the members of the association. THISDAY reports that the association said the PPMC failed to consult it members before such…
Eko Electricity Distribution Company (EKEDC) has warned its customers to refrain from engaging in illegal connection to avoid facing the full wrath of the law. The General Manager, Corporate Communications, EKEDC, Mr. Godwin Idemudia, gave the warning in a statement issued on Friday in Lagos. Idemudia said the warning followed the recent arraignment of a…
Daniel Terungwa Kariba Hydro-Power Station has become the dominant producer of electricity in the country, generating about 754MW out of the combined output of 1 075MW daily at a time when thermal stations are at their lowest due to coal stock outs and ageing plants.Hwange Power Station, the largest thermal power producer with an installed…
Daniel Terungwa The Chairperson of the Board of Directors of the National Water and Electricity Company (NAWEC) Mr. Ousman Mohammed Cham, has informed the Public Enterprise Committee (PEC) that the company is geared towards providing effective and efficient service to the populace.He informed the Parliamentarians recently during their appearance before the committee, for the presentation…
