Determined to keep pace with anticipated increase in power generation in the country, the management of Transmission Company of Nigeria (TCN), announced plans to commission 1,400MW capacity transformers by the end of January, 2018, across the different geo-political zones of the country.The Interim Managing Director and Chief Executive Officer, Mr. Usman Gur Mohammed, made this…
The Nigerian National Petroleum Corporation (NNPC) has clarified a statement wrongly attributed to the Managing Director of Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, suggesting that NNPC does not require the National Assembly’s nod to subsidize Premium Motor Spirit, otherwise called petrol.For the avoidance of doubt, Mr. Ajiya who was a guest at the…
Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. U.S. crude futures lost 0.4% while in London Brent retreated from $70/bbl, a level it crossed last week for the first time since 2014. Money managers increased their bullish bets on U.S. crude to the…
