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…
Daniel Terungwa President John Magufuli’s efforts to push for reforms in the mining sector is significantly paying off, as proven by the recent announcement made by Barrick, which indicates that Tanzania is now getting fair share from its resources. It emerged that the re-born North Mara and Bulyanhulu gold mines are showing all the signs…
Daniel Terungwa Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group and concessionaire of Terminal C, Tin Can Island Port, Apapa, is eyeing 300,000 TEUs for its 2021 business year. Managing Director, Ports & Cargo Handling Services Limited, John Jenkins, in a recent statement, said the target, though ambitious, was achievable given its…