The Managing Director, Kano Electricity Distribution Company (KEDCO), Alhaji Jamilu Gwamna, says the company had lost energy supplied to it by regulators worth about N52 billion in 2019. Gwamna reveled this in Kano while unveiling the new Customer Strategy and Company award and Empowered Conference. He explained that KEDCO cannot meet its obligations with the…
The Federal Government has filed a fresh 42-count charge against former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke and six others over alleged fraud in the $1.1 billion Malabu oil deal. Adoke is being charged alongside Rasky Gbinigie, A. Abubakar, Malabu Oil and Gas Limited, Nigeria Agip Exploration Limited,…
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after the system collapse which occurred on Thursday, The collapse occurred while the grid was recovering from an earlier partial system disturbance. Mrs Ndidi Mbah, the TCN General Manager, Public Affairs, made this known in a statement in Abuja on Friday….
A cross-section of some of the Shell Nigeria Sabbatical and Research Internship participants during a visit to a Shell Petroleum Development Company Joint Venture flow-station in Port Harcourt, Rivers State as part of their induction programme. Thirty-one Nigerian academics and research interns including nine professors and four senior lecturers were last week inducted for a one-year sabbatical programme and…
The Nigerian Content Development and Monitoring Board (NCDMB) and Waltersmith Petroleum Oil Limited will assist Equatorial Guinea to develop modular refineries in the central African nation, so it can process some of its crude oil and derive increased value from the hydrocarbon resources. The bi-lateral cooperation was confirmed on Saturday after the Executive Secretary of…
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the…
The Department of Petroleum Resources (DPR) has called on the marketers and Liquified Petroleum Gas (LPG) retailers to remain patriotic in doing their business. Mr Abdullah Abawa, the Operations Controller, Gombe field office, made the call during a stakeholders meeting in the state on Thursday. He said that petroleum products distribution was very strategic to…
The Enugu Electricity Distribution Company (EEDC) says it will stop receiving cash payments above N3,000 from electricity consumers as from Feb. 1. The company said this in a statement by the Head of Communications, EEDC, Mr Emeka Ezeh, on Wednesday in Enugu. Ezeh said that customers making payments above N3,000 were expected to do so…
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase. U.S. Treasury Secretary, Steven Mnuchin, said late on Tuesday that tariffs on…
The United Arab Emirates (UAE) has commended the agility of President Muhammadu Buhari in ensuring a strong and stable oil and gas sector in Nigeria. Fahad Al Taffaq, the UAE Ambassador to Nigeria, made the remark when he visited the Minister of State for Petroleum Resources, Chief Timpre Sylva, in Abuja on Wednesday. In a statement signed…