Court sentences ex-NIMASA D-G to 7 years imprisonment
Lagos — A Federal High Court sitting in Lagos has, Monday, sentenced a former Acting Director-General of NIMASA, Calistus Obi, to seven years imprisonment over N136 million fraud.
-
-
Kachikwu explains why Nigeria’s refineries were unable to work at full capacity
Government’s focus on solving fuel scarcity and reforming the petroleum industry to get the refinery working at full capacity was a key target to make the refineries working at full capacity, said the former Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu. In an interview, Kachikwu admitted that the refineries were performing poorly…
-
Gas projects to boost GDP by $50bn in 2021
The Nigerian National Petroleum Corporation has said with the 3,500 million standard cubic feet per day of additional gas to be supplied from seven critical gas development projects, the nation’s economy can create up to seven million jobs and boost the Gross Domestic Product by about $50bn. The corporation’s Group Executive Director/Chief Operating Officer, Gas…
-
NNPC stops tickets recycling at depots, saves N18bn
The Nigerian National Petroleum Corporation has discovered the illegal recycling of loading tickets used by petrol transportation trucks at depots operated by the Pipelines Products Marketing Company, a subsidiary of NNPC. It was also gathered that the national oil firm had effectively stopped the illegality, which had made it lose about N52m daily during the…
-
Kenya tops East Africa in access to mains electricity
Kenya leads all its East African neighbours in deepening access to electricity by a wide margin according to a recent report by the World Bank. The country was also listed among the top performers in expanding access to power in the period between 2010 and 2017 ranking together with bigger economies such as India. At…
-
Reforms in Nigeria’s petroleum sector attracted $130bn foreign investments in 4 years – Kachikwu
The former Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has said the federal government’s reforms in the petroleum sector in the last four years yielded over $130 billion foreign investments and commitments aimed at growing the sector. Speaking in an interactive session with a group of editors in Abuja, Dr. Kachikwu said…
-
Nigeria’s REA extends deadline for mini-grid pilot
The Mini Grid Minimum Subsidy Tender aims to kick-start the Nigerian market and catalyze mini grid deployment at scale. mini grid developers will compete on the basis of quality (technical proposal) and price (minimum subsidy requirement) to build, own, and operate solar hybrid mini grids. The REA will provide the minimum subsidies required to the…
-
Eaton pledges cheap, alternative source of power for Nigeria
The Country Manager, Eaton Nigeria, Temitayo Awojole, has expressed the desire of the company to provide cheap and alternative source of electricity through its micro grid solution as part of measures to address the country’s poor power supply. Awojole, who disclosed this at a meeting in Lagos, noted that the micro grid solution was a system that works…
-
ExxonMobil gets go-ahead for LNG in Mozambique
Mozambique’s Rovuma LNG project has secured government approval, ExxonMobil’s Mozambique Rovuma Venture announced on Tuesday. The project involves construction of two LNG trains with a combined capacity of 15.2 million tonnes per year and will be fed by gas from Mozambique’s offshore Area 4 block. A final investment decision for the project is expected later…
-
Eni strikes more oil in Angolan Block 15/06
Italian player Eni has found 45 metres of net light oil pay offshore Angola, the super-major said in a press release on Tuesday. The discovery was made in deepwater Block 15/06 through the Ndungu-1 NFW well, drilled to a total depth of 4,050 metres by the Poseidon drillship. The well could produce more than 10,000 bopd. “Being…
