Enugu State House of Assembly has urged the Federal Ministry of Power to review the monopoly being enjoyed by the Enugu Electricity Distribution Company (EEDC) in the South-East. The assembly also urged EEDC management to adhere to the Nigerian Electricity Regulatory Commission’s (NERC) provision on the rights of consumers in adherence to Part III, Section…
The Nigerian Maritime Administration and Safety Agency (NIMASA) says Nigeria will soon begin online ship registration. The Director-General of NIMASA, Dr Dakuku Peterside, made this known in Lagos on Tuesday. Peterside said that the move was in a bid to have a world-class ship registry and enhance the Ease of Doing Business in the maritime…
Seplat Petroleum Development Company Plc, leading Nigerian independent oil and gas company listed both on the Nigerian and London stock exchanges, has reiterated its commitment to managing old and matured assets profitably and growing returns. The company disclosed this to potential investors, industry professionals and other participants at the IADC Drilling Africa Conference & Exhibition…
Asharami Synergy, a Sahara Group company, has raised the bar of quality and top performance with the launch of Asha Engine Oil, its new range of lubricants in the Nigerian market. The Asha Engine Oil, according to Moroti Adedoyin-Adeyinka, Managing Director, Asharami Synergy, has been specifically designed to offer the highest standard of quality, safety,…
The Nigerian Communication Commission (NCC) came under criticism following an outburst against the commission by the Senate and Minister of Works for openly protecting telecoms companies over increasing cases of dropped calls. The attack came following the public hearing on a motion titled: “Increasing rate of drop calls and other unwholesome practices by telecom network…
The third episode of the award winning television programme ‘Airtel Touching Lives’ was aired this week on national and cable TV. The episode focuses on Omishakin, a community in Lagos State that has been without electricity for over 13 years. Due to lack of electricity, the community, in recent times, had experienced multiple security problems…
…Board to record US$360m annual turnover from partnerships The Nigerian Content Development and Monitoring Board (NCDMB) has organised an onboarding capacity building workshop for members of the Senate Committee on Local Content and House of Representatives Committee on Nigerian Content Development and Monitoring. The retreat was held on Monday and Tuesday in Lagos, with…
The price of OPEC basket of 14 crudes stood at $56.73 a barrel on Friday, February 14, 2020 compared with $55.86 the previous day, Thursday, February 13, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro…
EXXONMOBIL Corporation’s board of directors has elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. Neil Hansen, who is currently vice president of investor relations and corporate secretary, has been appointed vice president of fuels for Europe, Middle East and Africa. Littleton is currently vice president of downstream business…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation lost about $750 million to oil theft in 2019. In a presentation to members of the Executive Intelligence Management Course 13 of the National Institute for Security Studies (NISS) who visited the NNPC Towers, Abuja, on a study tour Tuesday, the…