By Scott Belinksi As Iran is turning to the UN’s International Court of Justice to have the US-imposed sanctions against its oil suspended, the EU is preparing for the hit its economies will have to absorb once the full weight of Washington’s punitive measures comes into effect in the fourth quarter of this year. With…
Communities in the oil-producing local government areas of Edo State, comprising Orhionmwon, Ikpoba-Okha and Ovia North-East have praised Governor Godwin Obaseki for providing a new direction for the Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC), which resulted in the approval of funds for industrialisation and education projects in their communities. The projects…
By Oke Peter In its efforts to build on the success recorded at the recently-concluded Sustainable Energy Finance Workshop (SEFi 2018), First City Monument Bank (FCMB) has announced that it will hold a ‘Blockchain networking event’ aiming to improving participants’ knowledge of blockchain technology as a useful tool for Renewable Energy Solutions. The networking event…
There will be power outage for two days in parts of Enugu metropolis between August 31 and September 1. The Enugu Electricity Distribution Company (EEDC) will be embarking on major repairs of its facilities at the New Haven Injection Sub-Station. EEDC’s Head of Communications, Mr Emeka Ezeh, announced this on Friday in Enugu. According to him,…
By Suraj Oyewale The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like a thunderbolt, not because it shattered my professional forecast that the bill will come into force before the end of this administration,…
Investigations have shown that the Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. The Guardian has reported. DisCos were issued an invoice totalling N147billion for energy…
The forthcoming third edition of the Kenya Mining Forum (KMF) will focus strongly on how the mining industry can contribute to the Kenyan Government’s ‘Big Four Agenda’ namely, manufacturing, universal healthcare, affordable housing, and food security. The event will take place between 12th and 13th November, 2018 at the Safari Park Hotel & Casino, Nairobi,…
By Energy Worth The Nigeria National Petroleum Corporation (NNPC) reporting template ordered by President Muhammadu Buhari to resolve remittance to the Federation Account will be ready next month, Minister of Finance Kemi Adeosun said on Thursday. She told reporters at the end of the Federation Account Allocation Committee (FAAC) meeting yesterday that “what the President…
Alhaji Idris Mohammed is the President and Chief Executive Officer of Consultancy Dell’Amore International Limited and former Managing Director, Kaduna Electricity Distribution Company (KEDC). He received a ‘Special Recognition Award’ as one of the top 50 in the world, who have contributed to the promotion of power projects in Africa at the just-concluded 20th anniversary…
Stakeholders in the oil and gas, and investment sectors have said growing socio-economic uncertainties and political instability could further quash inflow of investment into the country. The experts, who reacted to the declining level of investment into Nigeria’s oil and gas sector, are worried that the country is fast losing its competitiveness to other countries…
