By Oke Peter ExxonMobil has announced on Friday, that it has embarked on expansion of its research facility in Clinton, N.J., a key center of innovation that supports the company’s broad research and development programs. Expansion of the facility, home to ExxonMobil’s fundamental and process research and development, including advancing algae biofuel and carbon capture…
Sola Lawson is the Investment Director for West Africa at the African Infrastructure Investment Managers (AIIM), a member of the Old Mutual Alternative Investments (OMAI), the most experienced infrastructure equity investment manager in Africa with over 17 years track record and US$1.9 billion in asset under management across the power, telecommunications and transport sectors on…
By Oke Peter The Nigerian Electricity Regulatory Commission (NERC), on Thursday, announced a fine of N50m against the Ibadan Electricity Distribution Company (IBEDC), as a result of inappropriate financial transactions conducted by the Disco. According to the power sector regulator, the IBEDC violated its directives in Order 173 with respect to the financial transaction in…
By Oke Peter The federal government has said on Thursday that it is considering a review of the power sector privatisation, commencing with the 11 electricity distribution companies (Discos) in the country. The Minister of State for Budget and National Planning, Mrs Zainab Ahmed, unveiled government’s new plan in Abuja at the question and answer…
