Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, completed the acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya. Ali Al Hashemi, who has led Yahsat Government Solutions, Yahsat’s specialised unit fulfilling defense and governmental client requirements, for…
The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Dr. Maikanti Baru from the ongoing political tango in the National Assembly and the trending reports in some section of the media insinuating that the Corporation’s helmsman had doled out funds to effect the impeachment…
By Tsvetana Paraskova While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime may be much larger than official figures suggest, as shell companies have been set up for illicit oil flows to Pyongyang, The Asan Institute for Policy Studies…
By Energy Worth The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said. In July this year, the Minister of Power, Works and Housing, Babatunde Fashola, said in…
By Energy Worth Rather than wait for policy makers to resolve inherent risks in large-scale renewable energy development, the Federal Government has opted instead to meet with prospective private investors, to address issues and challenges hindering construction of the first ever Independent Power Producer (IPP) solar project. The Federal Government, through the Energy Commission of…
By Energy Worth Nigeria’s current power generation has reached 7000 Megawatts, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Fashola said this on Friday in Calabar at the Federal Ministry of Power, Works and Housing 4th Edition Retreat for top directors, heads of units and chief executives of agencies and parastatals. He…
By Irina Slav An American multinational corporation based in Palo Alto, California, that specializes in electric vehicles, lithium-ion battery energy storage and solar panel manufacturing, Tesla, is working on a “mini-car that can squeeze in an adult,” a new tweet from chief executive Elon Musk told the world. The tweet, like another recent one about the…
The Chairman, Board of Directors of Kaduna Electricity Distribution Company, Alhaji Yusuf Hamisu Abubakar has said the security challenges in parts of Zamfara, Sokoto and Kaduna states, three of the four franchise states of Kaduna Electric is adversely affecting the operations of the electricity firm. Alhaji Abubakar disclosed this in Kaduna over the weekend during…
By Energy Worth The Group Executive Director, Dangote Industries Limited, Devakumar Edwin, has said the oil refinery being built by the company will provide a ready market for the nation’s crude oil. Edwin was quoted in a statement as saying that the construction of the 650,000 barrels per day refinery would help Nigeria save over…
By Energy Worth Chevron Nigeria Limited has said it is committed to ending routine gas flaring, boosting domestic supply, diversifying and commercialising gas resources through gas-based industries gas-based industries. The Chairman/Managing Director, CNL, Mr Jeff Ewing, said this, stressing that the oil major had contributed immensely to the Nigerian government’s gas master plan through the…
