By Ikenna OmejeThe Managing Director/CEO of Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, has signed Performance Based Grant (PBG) agreements under the Nigeria Electrification Project (NEP) solar hybrid mini grid component, with two developers.The grant agreement which was signed at REA’s Corporate headquarters in Abuja, was signed with Nayo Tropical Technology Limited and Darway Coast…
By Ikenna Omeje For Nigeria to achieve industrialization, the country needs up to 200 gigawatts of electricity generation going by the United Nations standard, the President of the Nigerian Gas Association (NGA), Audrey Joe-Ezigbo has said. Joe-Ezigbo who also said that the country has the capacity to achieve the feat because of the enormous availability…
By Ikenna Omeje The Technical Adviser on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Justice Derefaka, has said that the deregulation of the downstream petroleum sector is an enabler for private sector investment.Derefaka who bemoaned that the Federal Government has lost billions to payment of subsidy, stated that this…
By Mordi Chukwunonso Esther The Major Oil Marketers Association of Nigeria (MOMAN) has said that the petrol tank farm fire incident that affected the OVH Energy Depot (Oando licensee) in Lagos, will not affect the supply of petroleum in Nigeria. This was announced on Sunday by the Executive Secretary, MOMAN, Mr. Clement Isong, in Lagos. MOMAN said…
By Mordi Chukwunonso Esther Nigeria may face scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers under the aegis of the Petroleum and Natural Gas senior staff Association of Nigeria were ordered by the association to vacate their duty posts.. The order was issued and signed by the General Secretary,…
By Ikenna OmejeFor Nigeria to close its infrastructural deficits, the Managing Director of Sifax Shipping Company, Adekunle Oyinloye, has said that the country needs $15 billion annual spend over the next five to six years.He stated this recently in a paper on ‘Infrastructure Financing: Bridging the Gap via the Capital Market’ he presented at the…
By Ikenna OmejeThe Director, Department of Petroleum Resources (DPR), Sarki Auwalu, has been elected as a Fellow of the Nigerian Society of Chemical Engineers (NSChE). According to a statement issued by the DPR’s Head, Public Affairs, Paul Osu, on Sunday, Auwalu bagged the fellowship at the 2020 virtual conference of the society which held on…
The Management of the Infrastructure Concession Regulatory Commission (ICRC), has said that it has shored up the Nigeria’s economy with over 8.5 billion dollars generated from Public Private Partnerships (PPPs) in the last 10 years.According to the News Agency of Nigeria (NAN), the Director-General of ICRC, Chidi Izuwah disclosed this in Abuja when he received…
By Ikenna Omeje Chevron Nigeria Limited has appointed Richard Kennedy as the new chairman and managing director of the company, with effect from November 1, 2020. According to a statement on Wednesday signed by its General Manager, Policy, Government and Public Affairs, Esimaje Brikinn, he replaced the former Chairman and Managing Director, Jeffrey Ewing, who…
By Ikenna Omeje The Enugu Electricity Distribution Company Plc (EEDC) has commenced the implementation of the revised Service Reflective Tariff (SRT), which was earlier suspended, with effect from November 1, 2020. It would be recalled that following an approval by President Muhammadu Buhari, the DisCos had on September 1, 2020, began implementation of a new…