At the just concluded IDC CIO Summit 2019 which held in Lagos today, Schneider Electric demonstrated the importance of digitized power monitoring in commercial and industrial buildings to enhance energy efficiency and power reliability. Considering the inadequate power infrastructure and the resultant frequent blackouts experienced across the nation, Schneider Electric made a presentation at…
Lagos — Ikeja Electric Plc, IE, has assured customers across its network of hitch-free services during the Easter holiday while wishing them a safe and enjoyable celebration. The company’s Head of Corporate Communications, Felix Ofulue, who disclosed this, also urged customers to take advantage of the company’s numerous channels for payment of electricity bills to avoid disconnection…
London/Sydney/Seoul/New York/Tokyo — Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday’s five-month high of $72.27. Brent saw…
*The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase Washington D.C., United States of America — On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank….
LONDON – Noble Corp. plc has issued an update on its offshore drilling rig fleet. Offshore Myanmar, PTTEP has awarded the semisubmersible Noble Clyde Boudreaux a one-year contract extension. The extension is from mid-March 2019 to mid-March 2020. In the US Gulf of Mexico, Talos Energy Inc. has extended the contract for the drillship Noble Don Taylor. The contract runs from mid-April to early June 2019….
The Chamber believes South Sudan’s leadership also has an obligation to creating an enabling environment of investors to put more money into the country JOHANNESBURG, South Africa, April 21, 2019/ — South African and African private sector participants have an amazing opportunity to invest in South Sudans’ peace and make huge profits. This week the…
Atlas Oranto Petroleum is expecting to be investing close to $350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea LONDON, United Kingdom, April 1, 2019/ — Following the signing of Definitive Agreements for the monetization of gas from Equatorial Guinea’s Alen Unit, pan-African oil and gas exploration…
By Central Bank of Nigeria’s Director of Development Finance Department, Dr. Mudashiru Olaitan The key mandate of the development finance department is promoting access to finance to ensure job creation and sustainable inclusive economic growth in Nigeria. Dr. Mudashiru Olaitaniscurrently the Director of the Development Finance Department, Central Bank of Nigeria (CBN) charged with the…
Gilching, Germany (April 15, 2019) – Torqeedo provided the integrated propulsion system for the world’s first electric-powered freefall lifeboat, which is being built by the Dutch builder Verhoef. The vessel recently passed its final drop tests, making it the first fully functional electric lifeboat in the world. The first of the new Verhoef aluminium 32-passenger lifeboats will be…
Nigerian Electricity Regulatory Commission, NERC, has issued permits to Abuja Electricity Distribution Company Plc, AEDC, and Jos Electricity Distribution Company Plc, JEDC, under its Meter Asset Providers (MAPs) and ordered rollout of meters from May 1, 2019. JEDC, AEDC will be the first companies being granted permit under the MAPs. This came as the commission…