“Global Maritime Industry: Untapped Potential for Growth and Wealth Creation” Chairman of LADOL, Mr. Ladi Jadesimi has described the Global Maritime industry as holding vast untapped potential for growth and wealth creation. The Chairman added that the sector also holds the key to the sustainable economic development of Nigeria when its potential is adequately harnessed…
… Distributes 1.92billion Litres of PMS The Nigerian National Petroleum Corporation (NNPC) has announced an increased trading surplus of ₦5.20billion for August, 2019, reflecting an increase of 22 per cent when compared with the ₦4.26billion-surplus posted in July 2019, a release by NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, has…
Dr Habib Nuhu, a Geologist and expert in international Energy Policy and Energy Economics, has urged the Federal government to encourage establishment of mini-grid system to tackle the challenges bedeviling electricity supply in the country. Nuhu made the call in Sokoto in a paper presented at a National Colloquium convened by Mr Zayyanu Yabo, an…
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for July to September 2019. NERC, which is the regulator of the industry, confirmed the development in a notice sent to the affected companies and obtained…
The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019. The Second Quarter Report was obtained in Lagos from the website of NERC. NERC also said Jos and Kaduna DisCos had the lowest performance of 13.1…
The Department of Petroleum Resources (DPR) has aligned its deliverables with the ministerial mandate for the oil and gas sector in Nigeria. Mr Paul Osu, Head, Public Affairs of agency said that the acting Director of Petroleum Resources, Mr. Ahmad Rufai Shakur stated this at the opening ceremony of the DPR Strategic Management Retreat which…
The Ikeja Electric (IE) on Thursday said it had opened bid to add more Meter Assets Providers (MAPs) to speed up metering of customers under its area of operations. Mr Felix Ofulue, Head, Corporate Communications, IE, made the disclosure at a news briefing in Ikeja. The Nigerian Electricity Regulatory Commission had on April 5 directed…
An Electricity expert says the “Willing buyer’’ Willing seller’’ policy introduced by the Federal Government would address the challenge of load rejection and accelerate growth in the power sector. Mr Kunle Olubiyo, the President Nigeria Consumer Protection Network, a Non Governmental Organisation (NGO) said this in Abuja on Thursday. The Federal Government had on Dec….
The National Union of Electricity Employees (NUEE) on Wednesday shutdown the headquarters of Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC) in Ikeja and Marina, Lagos. The union members at the wee hours of the day locked staff of the distribution companies out and prevented them from gaining access to their offices. Mr Joe…
Oil prices fell on Wednesday after industry data showed an unexpected build-up of U.S. crude inventories and as investors waited to see if a fresh round of U.S. tariffs on Chinese goods would come into force on Sunday. Brent futures LCOc1 fell 48 cents to 63.86 dollars per barrel by 1220 GMT, set for their…