Africa’s biggest economy has been crippled by its woeful power supply Babatunde Fashola’s office was buzzing like so many Nigerian workplaces, humming and whirring as diesel generators and batteries clicked on when the power cut out. That he is Nigeria’s power minister was an irony not lost on him. The fact that even the Power,…
Otunba Segun Badipe is a Nigerian nuclear medical scientist based in the United States. He is also a health administrator and a public affairs analyst. With over 36 years’ practice in private and public health care management, Badipe speaks, among other things, on issues that border on Nigeria with a Diaspora perspective. Having been a…
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has said with the 3,500 million standard cubic feet per day of additional gas to be supplied from seven critical gas development projects, the nation’s economy can create up to seven million jobs and boost the Gross Domestic Product by about $50bn. The corporation’s Group Executive…
A father and his son were arraigned before a Magistrate court in Agbowa, on Thursday, 30th May 2019, for assaulting staff of Ikeja Electric while carrying out their duties in Oluhunda Community in Adamo, Ikorodu. From the video which trended on social media, the trio of Okiki Akintola, 50, Mohammed Akintola, 22 and Abdulameed Okiki…
At the beginning of this year, major international companies and agencies (the IAEA, McKinsey, BP, the World Nuclear Association, etc.) laid out the current trends and main statistics of the global energy market. The Global Energy and CO2 Status report by the International Energy Agency (IEA) informed us about current international trends in the field…
Jumoke Adelabu – Abuja The Senate on Thursday confirmed the payment of N11 trillion as fuel subsidy claims in the last six years. The chairman of its Committee on Petroleum Downstream, Kabir Marafa (APC, Zamfara), made the disclosure while tendering a report. This comes as the upper legislative chamber approved the payment of N129 billion…
Damilola Shittu – Abuja The Technical Committee of the National Council on Privatisation (NCP) has approved N124.3 billion bids for Afam Power Plc and Yola Electricity Distribution Company, the investigation has shown. At the financial bids opening for the two power companies in April, Transcorp Power Consortium emerged the bid winner for 100 percent equity…
Seplat Petroleum Development Company Plc’s Operations Director, Mr Effiong Okon, has stated that Africa is the destination for gas development and investment. He gave this insight in his keynote address at the Africa E & P Summit held in London recently. The Africa E&P Summit is a landmark event on Africa, which brings together key…
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) posted a total export sale of crude oil and gas of $490.03 million in February 2019 which is 32.45 percent higher than the previous month’s sale. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release of the February 2019 edition of…
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has recently approved a $995,000 grant to support the roll-out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia. The SEFA grant is aimed at encouraging private investments into hydropower projects through Ethiopia’s Renewable Energy Programme. It will strengthen…
