The six-year electricity deal signed by the Federal Government and Germany-based Siemens AG in July will cost more than N1.15 trillion to execute. The Punch has reported. The three-phase Nigerian electrification project which aims to achieve 25,000 megawatts of electricity in the country by 2025 will require more than N1.15 trillion to execute, according to…
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to analyse topical issues in oil and gas industry at the 2019 edition of the Association of Energy Correspondents of Nigeria (NAEC) annual conference. The event, which is scheduled to hold at the…
May this special day bring peace, happiness and prosperity to everyone. Eid Mubarak.
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has fully commenced the roll out of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network. In the first phase, which culminated at the end of July, metering was restricted to only customers in Ikorodu, Abule-Egba and Shomolu Business Units. However,…
By Oke Peter The Nigerian Content Development and Monitoring Board (NCDMB) will support Notore Chemical Industries Plc to fully develop its industrial complex so it could offer integrated services to oil and gas companies and increase its contributions to the agricultural and infrastructural sectors. The Executive Secretary NCDMB, Engineer Simbi Kesiye Wabote visited the company…
The petroleum products importation statistics for Q2 2019 reflected that 5.61 billion litres of premium motor spirit (PMS), 1.38 billion litres of automotive gas oil (AGO), 12.22 million litres of Household kerosene (HHK), 131.36 million litres of aviation turbine kerosene (ATK), 77.24 million litres of base oil, 41.79 million litres of bitumen, 27.68 million litres…
Damilola Shittu – Abuja In his determination towards ensuring transparent transactions, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday said that the corporation would respond to calls for the disclosure of contracts and contractors later this month. He noted that the biggest contracts in the corporation’s portfolio currently…
Shittu Oluwadamilola – Abuja The Association of Power Generation Companies in Nigeria (GENCOS) has disclosed that the transmission of electricity across the country is still weak despite the interventions and claim by the Transmission Company of Nigeria (TCN) that it currently has capacity to wheel over 8,000 megawatts of power. The transmission company had reportedly…
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has for the umpteenth time assured stakeholders in Delta State and the Niger Delta in general that it has no plan to relocate the headquarters of its subsidiary, Nigerian Gas Company (NGC) from its present location in Delta State to somewhere outside the region. The NNPC…
By Oke Peter Nigeria’s Vice President, Yemi Osinbajo, has inaugurated the Nigeria’s first 2.8MW solar hybrid power project at Alex Ekwueme Federal University, Ndufu-Alike Ikwo in Ebonyi State. The project falls under the Energising Education Programme (EEP) of the Federal Government, which was implemented by the Rural Electrification Agency (REA). The clean-generated power will provide…
