By Ikenna Omeje The Federal Government has been commended by the Rivers Entrepreneur and Investments Forum (REIF), for approving the siting of a deep seaport on Bonny Island, Rivers State. Recall that the Federal Executive Council (FEC) had on Wednesday last week, approved the construction of a deep seaport in Bonny under Public Private Partnership (PPP)…
By Ikenna Omeje In a bid to accommodate the growing economic activities occasioned by the second Niger bridge and the recent inauguration of Onitsha Inland Port, the Obi of Onitsha, Nnaemeka Achebe, has called for improved infrastructure in the Onitsha metropolis. The traditional ruler, who made the call during the 2020 Ofala festival in Onitsha,…
Daniel Terungwa The Federal Government has guaranteed five years tax holiday for miners who operates in the nation’s mining sector and waiver on imported mining equipment. This was disclosed by the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, while addressing journalists on the 5th Nigeria Mining Week holding from October 12-16, 2020 virtually…
Daniel Terungwa The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned a 6.5-megawatt solar power plant, located in Lawra in the Upper West Region. Akufo-Addo, on Tuesday, February 4, 2020, kicked off the construction of two solar power projects, one in Kaleo and the other Lawra, both in the Upper West…
The Department of Petroleum Resources (DPR) has released guidelines for the establishment and operations of downstream gas facilities across the country. It stated that companies seeking to establish gas-dispensing facilities would be required to obtain three approvals and licences, among others, before commencing operations. The Director of DPR, Sarki Auwalu, disclosed this in a statement…
By Ikenna Omeje The Niger Delta Development Commission (NDDC) has warned International Oil Companies and other oil firms operating in the region not to make payment or remit the statutory 3 percent to the commission into any private bank account, as it did not authorize any agency to collect remittances on its behalf. According to…
By Ikenna Omeje The global renewable diesel market size is expected to grow significantly over the next five years, industry analysts project. According to Market Study Report, global renewable diesel market accounted for $19.15 billion in 2019 and is anticipated to register substantial growth during 2020-2025. Factors such as escalating demand for clean energy as…
Obiageli Onuorah In 2013, Nigeria began its journey towards revealing the real owners of its assets in the extractive industries. By 2016, at the anti-corruption summit which took place in London, Nigeria’s President, Muhammadu Buhari made a pledge alongside other world leaders to work together towards revealing real owners of companies doing business across jurisdictions…
Following the fire incident that occurred in a gas plant in Baruwa, Lagos State, which ravaged the community on Thursday, the Nigerian National Petroleum Corporation (NNPC) has commiserated with the Government and people of Lagos State, and particularly Baruwa residents. A press release by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie…
By Ikenna Omeje In its bid to improve electricity in the country, the Niger Delta Power Holding Company (NDPHC), has announced plans to evacuate about 690 megawatts (MW) stranded electricity at the Olorunsogo power plant due to poor infrastructure. Managing Director, NDPHC, Chiedu Ugbo, disclosed this during an oversight function to the Olorunsogo Generating Company…
