The Eko Electricity Distribution Company has announced that the prices of meters sold to customers under the Meter Asset Provider scheme would be reviewed upward from Feb. 1. Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, who made the announcement in a statement on Wednesday, said the review was to reflect the increase in Value Added Tax (VAT)…
Sanwo-Olu inaugurates NNPC/SNEPCo multi-million naira medical equipment at Lagos General Hospital L-R: Manager, Non-Operated Venture Assets, Shell Nigeria Exploration and Production Company (SNEPCo), Yemi Asaolu; Member, Lagos State House of Assembly, Olanrewaju Afinni; Managing Director of SNEPCo, Bayo Ojulari; Lagos State Commissioner for Health, Akin Abayomi; Acting Public Affairs Manager, National Petroleum Investment Management…
The Nigerian Content Development and Monitoring Board (NCDMB) announced on Wednesday that it has partnered Rungas Prime Industries Limited in the establishment of a 400,000 per annum Type 3 LPG Composite Cylinder Manufacturing Plant in Polaku, Bayelsa State. Making the announcement in Yenagoa during a town hall meeting with chiefs and representatives of the Polaku…
Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots in China, may keep spreading, ’FEMI ASU writes The Federal Government’s oil revenue projection for 2020 may be badly hit by the coronavirus outbreak in China which has sparked concerns of lower demand growth, causing oil…
The Board of the African Development Bank (www.AfDB.org) on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. “The Bank will mobilize $7 million…
The Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and twenty-nine cents($1.29) per share, an increase of ten cents($0.10) per share or 8.4 percent. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close…
The President, Oil and Gas Service Providers Association of Nigeria, OGSPAN, Mazi Colman Obasi, has disclosed that the association and Petrohub are necessities that came into being at different times to drive operations in Nigeria’s oil and gas industry. Speaking at the just concluded presentation of Petrohub in Lagos, he said: “Petrohub is an offspring…
OPEC wants to extend current oil output cuts until at least June from March, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of a new coronavirus, OPEC sources said. The quick slide in oil prices over the past few days has alarmed OPEC…
The Nigerian Conservation Foundation (NCF), on Tuesday, called for the removal of import duty on solar panel to encourage the use of renewable energy in the country. The organisation’s Lead Climate Action Manager, Mr Solomon Adefolu, said in Lagos that the high cost of solar panel being imported from China could be reduce if the import…
The Abuja Electricity Distribution Company (AEDC) says it will commence the implementation of the 7.5per cent Value Added Tax (VAT) on its services and cost of meter under the Meter Assert Programme (MAP) from Feb. 1. Mr Oyebode Fadipe, AEDC’s General Manager Corporate Communications, made this known in a statement in Abuja on Wednesday. Fadipe said…