Category: Business News
Business News
TCN records national grid transmission capacity of 7,124 MW -Official
The Transmission Company of Nigeria (TCN) has announced that it has attained the wheeling capacity of 7,124 Mega Watts (MW) transmission capacity of electricity to the Distribution Companies. The Information is part of the communiqué issued in Abuja on Monday, at the end of the 24th monthly meeting of the Minister of Power, Works and…
OPEC president says shale surge won’t thwart plan to clear glut
Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.The market should re-balance this year, given robust demand and producers’ compliance with their pledges to curtail supply, United Arab Emirates Energy Minister Suhail Al Mazrouei, currently the president of OPEC,…
EEDC denies manipulating prepaid meters for increased profit
By Energy Worth with Agency ReportThe management of Enugu Electricity Distribution Company (EEDC) has denied allegations by consumers that it had manipulated the factory settings of the new prepaid meters for more profit. Its Head of Communications Dept., Mr Emeka Ezeh, made the denial in an interview with the News Agency of Nigeria (NAN), on Monday,…
Kaduna Electric boosts power supply in CCNN
The Kaduna Electricity Distribution Company has dedicated an 30/40 MVA power transformer feeeder to Cement Company of Northern Nigeria (CCNN) in a bid to improve power supply. According to the Power Sector News, the Distributions Engineer, Sokoto Area Office, Engr. Usman Abba, made this known in an interview in Sokoto.He said though the transformer had…
NNPC set to recover N100bn landed property
The NNPC Properties Ltd (NPL), the real estate management company of the NNPC, has commenced the recovery of the corporation’s landed property worth N100b across the nation.This was disclosed by the NNPC Chief Operating Officer (COO) Ventures, Dr. Babatunde Victor Adeniran, at the maiden edition of NPL Property Festival which held today at the NNPC…
For the record: We will soon meet Nigerians’ electricity needs -Fashola
Speech delivered by the Minister of Works, Power and Housing, Mr. Babatunde Raji Fashola, during the inauguration of 100MVA, 132/33kv Transformer at Katampe Substation on Monday*Minister of Power, Works and Housing, Mr Babatunde Fashola. ProtocolTransmission Company of Nigeria (TCN) is responsible for conveying electricity from the Generation Companies (GenCos) who produce at power stations in…
Dangote Refinery graduate engineers promise an end to fuel scarcity
By Energy Worth Returnee indigenous India trained Graduate engineers of the Dangote Refinery have promised to deploy the knowledge and skills acquired during the training to ensure Nigeria is saved the embarrassment of fuel scarcity when the refinery come on stream. The engineers who described their experience as second to none in the history of Nigeria…
SON trains NEMSA on quality management system
Cross – Session of NEMSA staff at the Training on Quality Management System, organised by the Standard Organisation of Nigeria (SON). The Standards Organization of Nigeria (SON), recently held a management briefing/training with NEMSA’s staff on Quality Management Systems in Nigeria at the NEMSA Headquarters in Abuja.The session was an introduction to the series of training exercises which…
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TAG Oil updates Pukatea-1 exploration well
TAG Oil Ltd has announced to plans to update its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand. Intermediate casing has been set and TAG Oil anticipates that it will take…