United Nations Secretary-General António Guterres announced today the appointment of Damilola Ogunbiyi of Nigeria as his Special Representative for Sustainable Energy for All and Co-Chair of United Nations-Energy. The Secretary-General also welcomes the announcement by the Administrative Board of Sustainable Energy for All (SEforALL) that Ms. Ogunbiyi has been appointed Chief Executive Officer (CEO) of…
The Ibadan Electricity Distribution Company (IBEDC) says it has commenced a major “Revenue Protection Campaign”, with a crack team of over 60 executives and officers to curb aggregate, technical and commercial losses. The Chief Operating Officer, Mr John Ayodele, made the disclosure in after inaugurating the team in Ibadan. Ayodele said that revenue protection was…
….. Stakeholders decry shortage of manpower to bridge 5 million metering gap Caption: From L-R Engr. Adesanoye Olusola, Chairman of The Nigerian Society of Engineers (NSE), Mowe Branch, Col. Akeem Alabi; Group Chairman of MEMMCOL Group, Engr. Kola Balogun and National President, Council for the Regulation of Engineering in Nigeria (COREN), Engr. Alli Rabiu,…
The Department of Petroleum Resources (DPR) has recommended that petrol tankers should be fitted with valves to prevent spillage in event of a rollover. The Agency also said it was better for Nigeria to return to the era of 33,000 litres maximum capacity for tankers instead of the 45,000 litres currently being conveyed by majority…
The Niger Delta Development Commission (NDDC), says its six billion naira 132/33KV Sub Station designed to provide electricity for over 2, 000 riverside communities in Ondo State will be ready for use soon. Dr Akwagaga Enyia, the NDDC Acting Managing Director, gave this assurance while addressing newsmen during an inspection of the project in Okitipupa…
Oil and gas explorer Kosmos Energy said on Monday it had made one of the largest discoveries of natural gas in recent years in waters offshore Mauritania, where it sees the potential to extract 50 trillion cubic feet of gas. Kosmos Chief Executive Andrew Inglis said in view of the discovery at the Orca-1 well,…
Total Upstream Nigeria Ltd., has reaffirmed its commitment to support quality education and contribute to the growth of the sector through its Corporate Social Responsibility (CSR) initiatives. Its Managing Director, Mr Mike Sangster gave the assurance in Lagos when the company donated 1,000 science textbooks and 16 computers to two secondary schools that benefited among…
The Department of Petroleum Resources (DPR) says it is working to ensure that only trucks that scale integrity tests and have good tracking system are deployed for petroleum haulage on Nigerian roads. The Acting Director, DPR, Mr Shakur Rufai made the disclosure at the agency’s 2019 stakeholders’ Annual General Meeting (AGM) in Lagos. The theme…
Power supply has been an age long problem in Nigeria without any respite in sight in spite of huge amount of money being spent by successive governments in the country. The unbundling of the power sector has further worsened it owing to numerous challenges from gas to generation, transmission and distribution to end users. However,…
The Stanbic IBTC Capital is the investment banking subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group. IBTC Capital is the leading bank offering financial support to the energy sector in Nigeria, doing all sorts of assistance such as structural funding arrangement. The company can assist in solving financial needs with array…
