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…
The National Economic Council(NEC)’s committee on review of the status and ownership of Electricity Distribution Companies(DisCos), says it will seek contributions from the general public on how to solve the challenge of electricity in Nigeria. Gov. Nasir el-Rufai of Kaduna State, who chairs the committee, briefed State House correspondents after the NEC meeting presided over…
The arraignment of former Attorney-General and Minister of Justice, Mohammed Adoke was on Wednesday, stalled at the FCT High Court in Gwagwalada over confusion from the Economic and Financial Crimes Commission,(EFCC) the prosecuting agency. The EFCC counsel Bala Sanga told the court that he did not know why he was in court. “My Lord, we…
Nigeria Liquefied Natural Gas has signed a deal with French energy group Total for 1.5 million tonnes of LNG per year, the African producer said on Wednesday. The agreement is for 10 years, with volumes to be supplied to Total from trains 1, 2 and 3 of the Nigeria LNG plant at Bonny. The deal…
Petrohub, a stakeholder in the Nigeria’s oil and gas downstream sector is set to officially launch its innovation master plan that will help to boost sales, process of supply of petroleum products and other related activities in the petroleum value chain through the internet. According to one of the brains behind the automated initiative, Mr…