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,…
Group Managing Director of the Corporation, Dr. Maikanti Baru, called on members of the Nigerian Union of Journalists to join the Corporation is naming and shaming cross-border smugglers of petroleum products. Dr. Baru, made the call when he played host to the national leadership of the Nigerian Union of Journalists (NUJ) led by its President,…
A Group, the Consolidated Capital Market Stakeholders Forum (CCMSF) has taken a swipe at insinuations in some quarters that the Securities and Exchange Commission, SEC, was unfair to Oando Plc in the report of the forensic audit recently released. The SEC had recently wielded the big hammer against Wale Tinubu, banning him and his deputy,…
THE Nigerian National Petroleum Corporation, NNPC, has decried incessant blockades of its premises by people living with disabilities, saying the individuals involved should learn to transmit their concerns to the corporation through appropriate channels. Ndu Ughamadu, NNPC’s group general manager, Group Public Affairs Division, in a release today in Abuja, said the action of the group…
By MARGARET NONGO-OKOJOKWU The Nigerian Content Development and Monitoring Board (NCDMB) on Monday acquired equity in the 12,000barrels per day Azikel Hydroskimming Modular refinery being constructed by Azikel Petroleum Limited at Obunagha, Gbarain, Bayelsa State. When completed and operational in 2021, the refinery will produce about 1.3million litres of premium motor spirit (petrol) as well as…
Mr. Esimaje Brikinn, General Manager Policy, Government & Public Affairs of Chevron Nigeria Limited Chevron Nigeria Limited (CNL) sought for more stakeholders’ support to the implementation of Global Memorandum of Understanding (GMoU) in its host communities in Ekeremor Local Government Area of Bayelsa. Mr Esimaje Brikinn, General Manager, Policy, Government and Public Affairs of Chevron,…