Stealing fuel from oil pipelines appears not to be a peculiar Nigerian habit. It is also a problem in Mexico, where the theft cost the government about $3 billion in 2018. The News Agency of Nigeria (NAN) has reported. At least 20 people were killed and 54 were injured on Friday when a pipeline ruptured…
Damilola Shittu – Abuja Between June 2018 and January this year, power distribution companies have disconnected a total of 1,205 premises that were constructed under high-tension power lines across the country, the Nigerian Electricity Management Services Agency (NEMSA) announced on Thursday. NEMSA said the disconnection was as a result of its directive to the DisCos…
Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. The News Agency of Nigeria (NAN) has reported. Mr Emmanuel Iheanacho, the Chairman of the Company, made the appeal in Lagos against the backdrop of local refiners’ inability to…
In a renewed commitment to its high safety standards, Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE), has warned the public under its network against building structures and engaging in social and economic activities under power lines. According to a release signed by the firm’s Head of Corporate Communications, Felix Ofulue on Wednesday, the…
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said total revenues generated from the sales of white products for the period October 2017 to October 2018 stands at ₦2.684 trillion, while petrol contributed about 88.32 per cent of the total sales value of ₦2.371 trillion. This is as the national oil company raised the alarm…
Eleven companies have indicated interest to operate the troubled Ajaokuta Steel Company but the federal government was not yet ready to hand over the facilities. The News Agency of Nigeria (NAN) has reported. Alhaji Abubakar Bwari, the Minister of State, Mines and Steel Development, announced while giving a three-year account of his stewardship (2016-2018) in…
By Oke Peter Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on Monday that the recent decline in available generation capability could be traced…
Damilola Shittu – Abuja There is no budgetary provision for the construction of the 3,050 megawatts Mambila hydropower project, the Federal Government declared on Sunday. The government said the claims that the loan negotiations for the project had stalled since 2017 because of an attempt to utilise $600m (N219 billion) from the project for an…
By Irina Slav There is no need for the Organisation of Petroleum Exporting Countries (OPEC) to schedule an extraordinary meeting before April, Saudi Arabia’s Energy Minister, Khalid al-Falih, told media, as quoted by Reuters. At the same event, an industry conference taking place in Abu Dhabi, Al-Falih also said the market was moving in the…
Morocco’s state-owned Company “Office National des Hydrocarbures and des Mines (ONHYM) and Nigerian National Petroleum Corporation (NNPC) have chosen Penspen to carry out the 1st phase of the FEED (Front-End Engineering) of the gas pipeline project to run from Nigeria upto Morocco. The FEED first Phase consists of a detailed review of the feasibility study…
