Mr Usman Mohammed, Managing Director, Transmission Company of Nigeria (TCN), says any Electricity Distribution Company (DisCo) that fails to perform in accordance to the market rule will be sanctioned. Mohammed, who was speaking on the sidelines of a meeting of West Africa Power Pool (WAPP) in Abuja on Tuesday, said that any Disco that broke…
Activity in Egypt’s non-oil private sector contracted in August after a marginal expansion the month before, a survey showed on Tuesday. The IHS Markit Egypt Purchasing Managers’ Index (PMI) for the non-oil private sector fell to 49.4 in August from 50.3 in July, dipping below the 50.0 threshold that separates growth from contraction. That was…
The Nigerian Navy on Tuesday deployed troops on board 14 warships, including gunboats and aircrafts in a special military exercise code-named “Exercise Yangha Mi.” Rear Adm. David Adeniran, the Flag Officer Commanding Eastern Naval Command (ENC), Calabar, announced the deployment at the flag-off of the exercise in Onne, Rivers. Adeniran said that the three-day exercise…
Mr Roland Ewubare, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), says the redeployment in the corporation’s upstream subsidiary is in line with efforts to achieve the targeted growth in the country’s oil reserve to 40 billion barrels. The upstream subsidiary, Nigerian Petroleum Developments Company (NPDC), was established in 1988 as a wholly owned…
Professor Meihong Wang and Mathew Aneke emerge a s the winners of the 2019 NLNG Science Prize with their works on Carbon Capture, Carbon Utilization, and Biomass Gasification and Energy Storage for Power Generation THE advisory board of the Nigeria Prize for Science today announced the works by Professor Meihong Wang and Mathew…
IN a swift response to the Xenophobic attacks against Nigerians in South Africa, the Nigerian High commissioner to South Africa has been recalled for consultations Impeccable sources in the Presidency also confirmed the stepping down of its participation at the world economic forum to be hosted by South Africa. Similarly, the Nigerian Government insist on…
THE Nigerian National Petroleum Corporation, NNPC, has called on the Federal Road Safety Corps and other relevant agencies to rise up to their mandate of keeping the nation’s roads safe by keeping smoky vehicles that exceed the approved emissions limit off the road. Ndu Ughamadu, Group General Manager, Group Public Affairs Division, NNPC, made the call…
Mr Kunle Olubiyo , President Nigerian Consumer Protection Network, a Civil Society Organisation, has called on the Federal Government to carry out mid-term review of the privatisation of power sector. Olubiyo who made this call in Abuja on Monday said that the review would present the aspiration of consumers. He said that Nigerians had not…
Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude slipped 16 cents to $59.09 a barrel by 1020 GMT, while U.S. benchmark WTI crude was down seven cents at $55.03 a…
OVH Energy Marketing Ltd., has retrenched about 100 of its workforce due to its inability to pay salaries, TBI Africa gathered. A top official of the company, who pleaded annoymity disclosed this to TBI Africa in Lagos on Tuesday. The source said the company had cut down its staff strength in order to meet up…
