The inappropriate pricing, paucity of infrastructure and non-existence of a regulating agency are partly responsible for investment deficit rocking the Nigeria’s Compressed Natural Gas (CNG) industry. Managing Director, NIPCO Gas limited, Sanjay Teotia, who, according to a statement, declared this during a media tour of some of NIPCO’s facilities in parts of Benin City, the…
Nigeria National Petroleum Corporation (NNPC) Retail Ltd., a subsidiary of NNPC, has launched and commenced the sale of new engine oil brands (lubricants) to serve the demands of Nigerian motorists. The Managing Director of the company, Mr Billy Okoye, while briefing newsmen in Abuja on Sunday, said the new products were made in Nigeria by…
The Chief Executive Officer, Ibadan Electricity Distribution Company (IBEDC), Engr. John Ayodele, says upward review of electricity tariffs will solve the challenges currently confronting the energy sector in Nigeria. Ayodele stated this while speaking on the sidelines of the public hearing, organised by the Nigerian Electricity Regulatory Commission (NERC). The event was tagged: ‘Investments Towards…
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians of sufficient petroleum product supply in the country amid fears of the effect of the Coronavirus spread affecting the sector. The Agency disclosed this in a statement signed by its Executive Secretary Alhaji Abdulkadir Saidu, in Abuja on Sunday. He said that Nigeria had nothing…
MTN Nigeria Communications Plc has declared a final dividend of N4.97 per share for the financial year ended Dec. 31, 2019 just as it declared to invest N600 billion in network in the next three years. Mr Ferdi Moolman, the company’s Chief Executive Officer, made this known in a statement made available to newsmen in…
Major stakeholders in the international shipping community have said they are confident of the measures and satisfied with the effectiveness of Nigeria’s efforts to contain piracy and armed robbery on the country’s maritime environment. They also expressed confidence in the abilities of the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), the maritime…
Ikeja Electric Plc has announced the appointment of Mrs Folake Soetan as its Acting Chief Executive Officer. The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue on Friday in Ikeja. The appointment takes effect from March 2. Ofulue said the new CEO takes over…
Airtel, a Network Service Provider, on Thursday said that theft of telecommunications companies’ equipment and insecurity had been responsible for drop in calls usually experienced by some of their customers across the country. Dr Adedoyin Adeola, Vice-President, Network Operation of Airtel, said this during a news conference on Banana Island in Ikoyi, Lagos State. He…
Some Stakeholders at a public hearing, organised by the Nigerian Electricity Regulatory Commission (NERC) in Ibadan, have clamoured for availability of prepaid meters for consumers as against upward review of tariffs by distribution companies. The event, which held in Ibadan on Friday, had in attendance top management staff of Ibadan Electricity Distribution Company (IBEDC), civil…
Stakeholders will sign an agreement with Chinese lenders by Q2 2020 to fund the country’s biggest pipeline project Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas pipeline project in the country’s history, after months of holding talks with…
