THE National Engineering and Technical Company of Nigeria, NETCO, the engineering subsidiary of the Nigerian National Petroleum Corporation, NNPC, on Tuesday posted a profit before tax of N6.75 billion for the year ended December 31, 2018, representing an increase of 107 percent over the N3.26 billion recorded in 2017. The profit after tax stood at…
The Nigerian National Petroleum Corporations urges journalists to join in naming and shaming smugglers of petroleum products MAIKANTI Baru, group managing director of the the Nigerian National Petroleum Corporation, NNPC, has called on members of the Nigerian Union of Journalists to join the corporation in naming and shaming cross-border smugglers of petroleum products. Baru,…
By Olamilekan FAWAS President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, stated that President Buhari also appointed alongside Kyari, seven new Chief Operating Officers….
Abu Dhabi, United Arab Emirates: – Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA). This compares with 10.3 million in 2017. As more and more countries manufacture, trade and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Reviewfinds…
By Ndubuisi Micheal Obineme The Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth was held in Karuizawa, Nagano on June 15 and 16. This Ministerial Meeting is co-chaired by Minister Yoshiaki Harada (Minister of the Environment) and Minister Hiroshige Seko, Minister of Economy, Trade and Industry (METI), and is co-located with high-level meetings…
The National Lottery Authority’s (NLA) solar-powered e-kiosk, which will be rolled out soon with the collaborative efforts of the Ghana Revenue Authority (GRA), banks, telecommunication companies, and utility service providers will usher the country into a Cash-lite society The e-kiosk project, according to a release from the NLA, will ensure interoperability between bank accounts, mobile…
The Vice President, Prof. Yemi Osinbajo, says the Federal Government is discussing with stakeholders on ways to restructure Nigeria’s power sector with a view to improving supply and attracting more investment to the country. Osinbajo stated this in Abuja on Tuesday at a Breakfast Meeting of the Lagos Business School. He expressed the Federal Government’s…
Azura-Edo Independent Power Plant (IPP) has shelved its plan to expand its 461 megawatts (MW) capacity power generation plant in Benin area of Edo state by an additional 270MW, due to lingering uncertainties in Nigeria’s electricity market, THISDAY learnt. Speaking in an exclusive interview with THISDAY, the Managing Director of the IPP, Mr. Edu Okeke,…
Anadarko Petroleum and the co-venturers in Mozambique’s Offshore Area 1, have announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This official declaration of FID confirms the Area 1 Plan of Development is now effective with notice provided to the Government of Mozambique that all conditions precedent have been fulfilled,…
he National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation, on Tuesday posted a profit before tax of N6.75 billion for the year ended 31st December 2018 representing an increase of 107 percent over the N3.26 billion recorded in 2017. A statement issued by Group General Manager,…
