Category: Business News

By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on petroleum products marketers to stick to the N145 per litre approved pump price for petrol in order to make life easy for Nigerians. The GMD gave this charge today in Abuja while presenting a commendation letter…

The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 20−21 June 2018 under the theme, ‘Petroleum – cooperation for a sustainable future’. The Seminar will provide fresh impetus to key petroleum industry issues and challenges, helping to enhance existing avenues of…

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…

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,…

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,…

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…

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…

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…

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…