Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation to continue as a going concern, following rising losses and negative capital as a result of excess of liabilities over its assets as stated in its recently published 2019 Audited Financial Statement.
The Africa Energy Forum (AEF) will host a special presentation on 21st October at 10am (South Africa time) by EMROD CEO and Founder Greg Kushnir, demonstrating the world’s first-ever long-range wireless transmission project, currently operating in New Zealand.
The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a $5,000 prize.
The Department of Petroleum Resources, (DPR), on Sunday released guidelines for the establishment and operations of downstream gas facilities across the country, stating that companies seeking to establish gas-dispensing facilities would be required to obtain three approvals and licences, among others, before commencing operations.
Power distributors that fail to supply the required quantum of electricity under the new service reflective tariff regime will compensate the affected consumers for defaulting in service delivery.
A global specialist in energy management and digital transformation, Schneider Electric, has stated its readiness to reinforce capacity building initiatives in Nigeria for its indigenous engineers and new intake.
Digital Energy Festival for Africa kicks off on 20 October when four of Clarion Events’ leading energy brands join forces with an unprecedented six-week tour de force of quality content and engagement
The World Bank noted that the Nigerian government had eliminated petrol subsidy and established a market-based pricing mechanism with no price ceilings.
He said, “As a way to address the barrier, we have about 1,000 conversion kits for trucks and smaller vehicles to be deployed nationwide in the fourth quarter of 2020.
“But, our focus at Dangote is how to add value to the natural gas. After all, this Liquefied Natural Gas (LNG) that is being imported by various countries is used as fixed stock. They use this natural gas to generate power, fuel and as feedstock. The value-added products are thereby exported to Nigeria.
