The Standard Chartered, an international banking group, has issued a study that looks at the most impactful opportunities for investing in three infrastructure-focused Sustainable Development Goals, SDGs in five high-growth markets in Africa. The Opportunity2030 reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa to help achieve the UN’s Sustainable…
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 China on financing a project seen as being central…
Port Harcourt Electricity Distribution Company (PHED) will on Feb. 1 begin the implementation of 7.5 per cent Value Added Tax (VAT) to customers in four states. The states are Akwa Ibom, Bayelsa, Cross River, and Rivers states. PHED Manager, Corporate Communications of the company, John Onyi, confirmed this in a statement issued in Port Harcourt…
*******Warns discos against unlawful meter decommissioning Caption: L-R: Engr. Aliyu Tukur, GM, Technical Standard and Inspection Services, NEMSA, Director-General of NAPTIN, Mr Ahmed Nagode, Patel Dharmedrakumar, System Engineer Trainer, ZERA limited, MD/ Chief Electrical Inspector of the Federation, NEMSA Mr Peter Ewesor and MD/CEO, Turbo Energy Ltd., Zera GMPH Germany Representative in…
Chibuike Rotimi Amaechi, minister of Transportation, has announced that Ship owners will now benefit directly from the $200 million Cabotage Vessel Financing Fund (CVFF). A committee chaired by Dr. Dakuku Adol Peterside, director general, Nigerian Institute of Maritime Safety and Administration (NIMASA), has also been set up with guidelines for disbursement of the funds. Amaechi…
By Ikenna Omeje The Nigerian Electricity Regulatory Commission (NERC) has urged electricity customers denied opportunity of acquiring meters under the new regulatory framework, on account of outstanding estimated bills, to report their Distribution Company (DisCo) to the commission. The commission said that it is committed to closing the metering gap in the country by eliminating…
Maintaining strong safety, reliability and service performance with lower revenue and costs are the focus of Australian Gas Infrastructure Group’s Final Plan for Western Australia’s Dampier to Bunbury Natural Gas Pipeline (DBP) for the 2021 to 2025 period. The Plan also puts in place measures to support the DBP continuing to deliver gas to an…
Seplat Petroleum Development Company Plc, an indigenous oil and gas firm listed on the Lagos and London stock exchanges, remains committed to more asset acquisitions in the exploration and production space, and to organic growth, the Chief Executive Officer of the company, Mr. Austin Avuru has said. Avuru, who said this at the Nigerian Association…
Lagos Deep Offshore Logistics (LADOL), is partnering with Mammoet, a global leader in engineered heavy lifting and transport, to expand its capacity for project cargo handling and logistics for industrial sectors in West Africa. Mr Olakunle Kalejaye, Senior Public Relations Officer of LADOL made this known in a statement in Lagos on Thursday. Kalejaiye said…
An FCT High Court on Thursday the former Attorney-General and Minister of Justice Mohammed Adoke and three defendants in EFCC custody until Jan. 27, pending bail applications. The Federal Government on Thursday arraigned Adoke on 42 counts of fraud and money laundering. Adoke was arraigned at Gwagwalada Division of the High Court of the Federal…