The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million(N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract. The NNPC through its counsel, approached the Supreme Court seeking a review of the July 5, 2019 judgment over an alleged error of facts. Judicial…
The Nigerian Communications Commission (NCC) says it will boost investment in the telecommunications industry, while leveraging opportunities in the African Continental Free Trade Area (AfCFTA) Agreement. NCC Executive Vice Chairman, Prof. Umar Danbatta, said this on Wednesday in Lagos during the Stakeholders’ Sensitisation Workshop on the Implications of the African Continental Free Trade Area (AfCFTA)…
The Liquefied Petroleum Gas Retailers (LPGAR), a branch of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has condemned the current arbitrary increment in price of LPG and supply shortage across the country. The Lagos Branch Secretary of LPGAR, Mr Olukayode Solomon, in a statement in Lagos on Tuesday, said the group was dissatisfied…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has tasked the board and managementg of NNPC Retail Limited to ensure the delivery of unadulterated products to motorists nationwide. Kyari gave the charge in a statement signed by Mr Samson Makoji, the acting spokesman for the Corporation, in Abuja on Tuesday….
The Nigerian Gas Association (NGA), the leading advocacy organisation for the country’s Natural Gas Industry has celebrated its 20th anniversary by re-emphasising its relevance in the nation’s economic growth and energy optimisation. The NGA has over the last twenty years influenced several industry-changing gas policies, viable gas projects and transnational deals thus reinforcing Natural Gas…
Azura Power through its pan-African baseload generation platform investment has invested in the 115 megawatt Tobene Power in Senegal. The 115MW Tobene Power plant in Senegal, which was part of the Melec Power Gen (“MPG”) portfolio, now forms part of Azura Power’s pan-African power generation platform. The new investment in Tobene also brings together Actis,…
The Nigeria Electricity Liability Management Ltd, NELMCO, says it has saved over N66billion for the Federal Government, through its newly developed model known as the Triangular Verification Model. NELMCO was established in 2006 as a company limited by guarantee to assume and manage the assets and liabilities of the defunct Power Holding Company of Nigeria,…
AS the festive season approaches, a shortage in the supply of Liquefied Natural Gas, LPG known as cooking gas has resulted in price hikes, SweetcrudeReports has gathered. According to findings, as at last month, 12.5kg of the products sold for N2900 however, the dawn of November had ushered in new prices ranging from N3600-N4000-N4500 for…
Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited, DIL, one of Africa’s largest and most diversified business conglomerates. According to a release by the company, Halima Aliko Dangote is returning to the Group after serving on secondment in several capacities across two of its Business Units over…
The Port Harcourt Electricity Distribution Company, PHED, has attributed the ongoing blackout currently being experienced in the four states of its operation, to a system collapse from the national grid. PHED Manager, Corporate Communications, Mr John Onyi, appealed to its valued customers in Akwa Ibom, Bayelsa, Cross River and Rivers State to exercise patience while…
