Category: Business News
Business News
NUEE faults power sector privatisation
The General Secretary, National Union of Electricity Employees (NUEE), Joe Ajaero, has declared that the power sector privatization, from onset was not meant to succeed. According to him, six years down the line, no megawatts have been added and no power plant has been built by either the investors or government. Ajaero, who stated that…
Kaduna deputy gov visits gas explosion victims, warns gas retailers
The Kaduna State Deputy Governor, Dr Hadiza Balarabe, has called on those engaged in the sale of inflammable goods to move to areas that have been designated by the government for such business. The deputy governor made the call when she visited victims of Saturday’s gas explosion receiving treatment at Sabo, Barau Dikko and St…
Oil Bunkering: Nigerian Navy hands over 57 Nigerians, 7 Sri-Lankans, 2 Ghanaians to EFCC
The Nigerian Navy (NN) on Friday handed over 57 Nigerians, seven Sri-Lankans and two Ghanaians, suspected to be involved in oil bunkering, to the Economic and Financial Crimes Commission (EFCC). The News Agency of Nigeria (NAN) also reports that the seven vessels, involved in the oil bunkering and having no valid approval, were arrested by…
Electricity billing: NERC orders DisCos’ transition to cashless billing, collection
By Oke Peter AS part of its efforts to ensure optimal utilization of resources for the provision of electricity services, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday, ordered the electricity distribution companies (DisCos) to transit into cashless collection of electricity bills. This is effective for industrial and commercial by 31st January 2020 and R3…
Happy New Year to our esteemed readers
New year, new feels, new chances. Same dreams, fresh starts. Wishing you peace, love, health, and happiness in 2020. We thank you for journeying with us and do accept our best wishes for the year ahead. From all of us at Energy Worth Online.
Buhari appoints Ahmad REA MD
By Oke Peter Following the suspension of Mrs Damilola Ogunbiyi as the Managing Director of the Rural Electrification Agency (REA) last week. President Muhammadu Buhari has appointed Engineer Ahmad Salihijo Ahmad as the new Managing Director and Chief Executive Officer (CEO) of the Agency. The Minister of Power, Engineer Mamman Sale broke the news in…
Condemnations trail Ogunbiyi’s suspension as REA MD
Sources, who described the minister’s indefinite suspension of Ogunbiyi as needless and ruthless, claimed that Mamman hated women. Sources within the Rural Electrification Agency have alleged that Minister of Power, Sale Mamman, victimised Managing Director of the agency, Mrs Damilola Ogunbiyi, out of office. Mamman in a statement on Tuesday, announced the indefinite suspension of…
Seasons Greetings from Energy Worth Online
On this special day, we wish our esteemed readers a Merry Christmas and Happy New Year in Advance. From all of us at Energy Worth Online.
Buhari will not allocate oil wells as gifts —Presidency
The Presidency has said that the resolve by President Muhammadu Buhari not to allocate the nation’s oil wells as gifts to some powerful and influential Nigerians since he assumed office in 2015, has been largely responsible for the seeming hatred and bitter criticisms of his administration by the political elite in the country. Senior Special…
Soku oil fields belong to Rivers, not Bayelsa —Wike
By Oke Peter Rivers State governor, Nyesom Wike on Monday declared that the disputed Soku oil wells belong to the people of the state as affirmed by a Federal High Court. He said the court verdict was based on the admission by the National Boundary Commission that it erroneously shifted the boundary between Rivers State and…