By Energy Worth The Abuja Electricity Distribution Company (AEDC), on Wednesday, advised customers in the Federal Capital Territory (FCT) to imbibe safety measures to avoid electrical accidents and eventual loss of life. AEDC’s General Manager in Charge of FCT North, Mr. Abdulrahman Isah, gave the advice at a forum organised to sensitise electricity customers on…
By Energy Worth The House of Representatives on Wednesday, asked the Federal Government to suspend its planned sale of the Nigerian Liquefied Natural Gas Limited. It described the NLNG as one of the most successful and lucrative investments of the government, which should be left to run as a major public asset. Nigeria has 45…
Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trump’s decision to withdraw from the nuclear deal is still unclear, the re-imposition of far-reaching sanctions is expected to start reducing shipments…
The Nigerian National Petroleum Corporation (NNPC), has disclosed that Downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure at the 1st to 5th Annual General Meeting (AGM) of the NNPC…
One of the world’s largest turbine manufacturers, Siemens, said it plans to temporarily shut its Power and Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as…
The flagship mining conference and expo in West Africa, Nigeria Mining Week, will return to Abuja from 15-17 October following its tremendous success last year. Accordingly, the Nigeria Mining Week will offer a one-stop-shop to engage directly with policy makers, financiers and mining investors as well as the opportunity to gain the most current information…
By Energy Worth Nigeria’s Minister of Power, Works and Housing, Mr Babatunde Fashola has disclosed that the expected addition of 459MW of electricity to the national grid from the Azura Power Project will only complicate the country’s current challenge with stranded power. Stranded power is generated power that cannot be distributed. “Azura would start commercial…
By Energy Worth The Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, has said that Tellco Europe Nigeria off-grid solar power solutions will create thousands of jobs as Micro, Small and Medium Enterprises (MSMEs) will have access to clean energy to conduct business in the country. The Minister, who spoke through Dr….
President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday, urged the International Oil Companies and Oil Producers Trade Section (IOC/OPTS) operating in the country not to induce lawmakers during the consideration of other sections of the Petroleum Industry Bill. The News Agency of Nigeria (NAN) has reported. The Fiscal and Host Communities Bills, a…
Energy Worth with Agency Report The African Development Bank (AfDB) says all the investments in electricity in 2017 were in renewable energy. Amadou Hott, Vice President, Power, Energy, Climate and Growth Complex, who revealed this in an interview with the News Agency of Nigeria (NAN), also noted that 74 per cent of the bank’s investment…
