Category: Business News
Business News
Chevron announces $1 million for Hurricane Irma Relief
By Oke Peter Chevron U.S.A. Inc. has announced a contribution of $1 million from Chevron and the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Irma. “Chevron makes every effort to support the communities where we operate, particularly in times of need,” said Dale Walsh, president of…
Power outage in Osogbo is for safety -IBEDC …To restore power in 4 weeks
By Oke Peter The management of Ibadan Electricity Distribution Company (IBEDC) has apologized to its esteemed customers, over current power outage being experienced by Iludun, Kasmo, Fiwasaye, Oluode/Kolawole, Owode/Igbona, Surulere/Oke Ayo/Sabo, Atelewo/Plantation, Arikalamu, Akintokun, Ifesowapo, Ife Olu, Asoje, Mosadoluwa, Isokan and Kelebe communities in Osogbo and Ikirun under the Oluode 11KV and Ipetu Ile 11KV…
Explore Oil in Sokoto Basin, Tambuwal urges NNPC …As Baru assures of adequate fuel supply
By Oke Peter Sokoto State governor, Alhaji Aminu Waziri Tambuwal, has appealed to the Management of the Nigerian National Petroleum Corporation (NNPC), to activate oil and gas exploration campaign in the Sokoto Inland Sedimentary Basin with a view to establishing the volume and value of hydrocarbon deposits there. Governor Tambuwal, who led a high powered…
NNPC to fast-track local content development in oil industry …As Egina Projects set to add 200,000bpd to national production
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this while delivering a keynote address during an occasion to mark the Egina Manifold Sail Away celebration in Port Harcourt recently. In…
EnergyNet: Making giant stride in Africa's power sector
By Oke Peter In its resolve to proffer a workable solution to the persistent power problems in African nations in the 21st century, EnergyNet Limited has taken it upon itself to bear the responsibility of making positive impacts in the power sector by organising relevant summits across the world to draw stakeholders’ attention to the…
Reaching every consumer with affordable energy by 2030 feasible -Rahul Kitchlu, World Bank Energy Specialist
Rahul Kitchlu is the Senior Energy Specialist at the World Bank. He is currently working on the energy portfolio in Ethiopia and co-author of the ‘Linking up: Public-Private Partnerships in Power Transmission in Africa’. In this interview with Energy Worth, he bares his mind on the recent World Bank report launched at the Africa Energy…
AFC provides US$28 million subordinated loan facility to Tunisia’s Topic SA
By Oke Peter A leading pan-African multilateral development finance institution and project developer, Africa Finance Corporation (AFC), is set to provide a US$28 million subordinated loan facility for the development of Topic SA’s (Topic) Halk El Menzel offshore oil concession block (The Helm Project) in Northern Tunisia. The Subordinated Loan Note has a 30-month tenor…
South Sudan holds dedicated energy and infrastructure summit in Juba
The Republic of South Sudan has announced its readiness host the first dedicated energy and infrastructure event in the nation’s history. The event, organized by the Africa Oil and Power with official endorsement by the Transitional Government of National Unity. It will take place between October 11 and 12, at the Freedom Hall in Juba….
South Sudan holds dedicated energy and infrastructure summit in Juba
The Republic of South Sudan has announced its readiness host the first dedicated energy and infrastructure event in the nation’s history. The event, organized by the Africa Oil and Power with official endorsement by the Transitional Government of National Unity. It will take place between October 11 and 12, at the Freedom Hall in Juba….
Business for Africa forum announces Africa 2017
By Oke Peter An international business forum, Business for African forum has announced its Africa 2017 forum. The forum is to bring important and influential leaders in Africa to discuss and develop African affairs. The programme, organized by the Ministry of Investment and International Cooperation and COMESA Regional Investment Agency (RIA), with the theme: “Driving…