By Energy Worth The Ikeja Electricity Distribution Company (IKEDC) yesterday distributed hundreds of treated mosquito nets to its customers in Isheri Olofin area of Lagos State. Speaking after distributing the items, the company’s Brand Ambassador, Onawale Abiodun, said the gesture was part of the Corporate Social Responsibility (CSR) of the company. He said the decision…
Schneider Electric, global specialist in energy management, software and automation unveiled a new range of cable management systems customised for new and modern buildings, during a grand Retail Partners event in Lagos. The News Agency of Nigeria (NAN) has reported. The engineering design of the products enhances architectural finishing of structures and buildings while facilitating…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the target of the corporation is to make its foremost upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), the number one exploration and production company in Nigeria. Dr. Baru, who spoke on the sidelines of the 18th Annual…
By Energy Worth The Federal Government has said that two of the 38 modular refineries granted licences to operate in the Niger Delta region will be completed and ready for inauguration by December this year. It noted that the President Muhammadu Buhari administration’s resolve to establish modular refineries was part of the long-term plan to…
By Oke Peter The Senate has declared as illegal the current payments by the Nigerian National Petroleum Corporation (NNPC) to augment the differentials between the landing cost of the Premium Motor Spirit (petrol) and the pump price. The legislature asked the corporation to stop further payment of subsidy, but should clear the arrears owed marketers…
The level of fatalities in the nation’s power sector has continued to raise serious concerns among the stakeholders in the sector in Nigeria. Besides, stakeholders are worried that almost five years after the privatisation of the successor companies of the defunct Power Holding Company of Nigeria (PHCN) by the Federal Government, the hundreds of accidents…
Energy Worth with Agency Report The Federal Ministry of Water Resources has disclosed that the delay in the connection of power transmission lines to the national grid was responsible for non-completion of the Kashimbilla Multipurpose Dam in Taraba. The Acting Director, Dams and Reservoir Operations in the ministry, Mr Lawal Muhammad, said this on Friday…
Oil prices rose on Thursday, fuelled by expectations the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand. Brent crude oil futures were at 74.27 per barrel at 0643 GMT, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures…
Royal Dutch Shell on Thursday, reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Expectations are high for Shell to continue to generate strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both fronts in 2017 thanks…
The Port Harcourt Electricity Distribution Company (PHEDC), has explained the power outage currently being experienced in Port Harcourt, the capital of oil rich Rivers State. The News Agency of Nigeria (NAN) has reported. The Port Harcourt Disco said the forced power outage is caused by the tripping of 132KV Alaoji/Afam lines, leading to loss of…
