By Mordi chukwunonso Esther The Petroleum Products Pricing Regulatory Agency (PPPRA) has tightened the guidelines for the supply of petroleum products into the country, with the roll out of sanctions for marketers and operators that breach any segment of the new framework. In a report by sweet crude reports, the PPPRA disclosed this in its…
By Ikenna Omeje and Jerome Onoja Sequel to the recent commissioning of Waltersmith’s 5,000 barrels per day refinery at Ibigwe, this article examines the role modular refineries will play in the scheme of things.For over two decades, Nigeria has been importing virtually all the petroleum products used in the country, as a result of the…
By Ikennqa Omeje The Chairman of one of the contracting companies handling the Ajaokuta-Kaduna-Kano (AKK) gas pipeline — Oilserv Nigeria Limited — Engr Emeka Okwuosa, has said the project will be completed and commissioned by the first half of 2021 as stipulated in agreement with the Federal Government. Okwuosa who disclosed this during an inspection…
By Ikenna Omeje Chief Executive Officer of Energy Industry Development Initiative (EIDI), Dr. Tom Obaseki , has charged the Central Bank of Nigeria (CBN) to utilise the over $500 million Micro Small and Medium Enterprises Fund to facilitate mass production and distribution of renewable energy to rural communities. According to the Guardian, Obaseki expressed the…
By Ikenna Omeje Labour leaders in Nigeria , comprising trade unions of the Nigeria Labour Congress (NLC) such as Textile, Chemical, Electricity, Automobile, Engineering as well as Petroleum and Gas, who are affiliates of international labour platform called IndustriALL Global Union said that Dangote refinery is capable of creating 300,000 direct jobs upon completion. Speaking…
By Ikenna Omeje The African Development Bank’s Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa (SEFA) and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa. According to a…
Daniel Terungwa ASX and TSX-listed Perseus Mining Perseus Mining has successfully completed the first pour of gold at its Yaouré gold mine in Côte d’Ivoire. Perseus achieved this important milestone nearly five weeks ahead of schedule, consistent with its “stretch target” of first gold at Yaouré in December 2020. With construction of the Yaouré processing plant and…
The Rural Electrification Agency (REA) has given boost to rural electrification across the country with the disbursement of over $1.1 million to 12 solar power companies. Speaking during the signing ceremony in Abuja, the Managing Director of REA, Ahmad Salihijo, said the objective of the stand-alone SHS component was to help millions of under-served households…
By Ikenna Omeje The Federal Executive Council has approved the Full Business Case Compliance Certificates for National Public Security Communications project and the Ibom Deep Seaport project. According to the Infrastructure Concession and Regulatory Commission (ICRC), this was part of decisions reached at its weekly meeting which held today at the Council Chamber, Presidential Villa,…
by Mordi Chukwunonso Esther The Federal Government has signed an Output Based Fund grant Memorandum of Understanding with seven private companies for the deployment of solar home systems to power rural communities. According to a report by Orient energy review correspondent, the agreement would also provide electricity to micro, small and medium enterprises located…