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TCN boost Asaba, Benin Transmission Lines by 600mw

In line with the Federal Governments Strategy on incremental power, the Transmission Company of Nigeria has energized the 2ndAsaba-Benin 330kV transmission line on the 3rd of November, 2017, adding 600MW transmission capacity to its transmission network. In a statement signed by the General Manager (Public Affairs) Ndidi Mbah, TCN said that the newly energized Asaba-Benin transmission…

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NNPC to review corporate governance, plans fraud repellant system

The management of the Nigerian National Petroleum Corporation (NNPC) is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain.  Declaring open the 2017 Fraud Awareness Week at the NNPC Towers, Abuja, on Tuesday, Group Managing Director of the Corporation, Dr. Maikanti Baru, said…

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REA boss advocates decentralised power supply through off-grid systems

The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi, has called for the support of the ongoing decentralisation of power supply in the country through its off-grid and stand-alone systems. Speaking at Alaghodaro Investment Summit recently in Benin City, Edo State capital, an event where investment experts and heads of federal government regulatory agencies…

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Seven Energy announces terms of capital restructuring

Seven Energy International Limited has announced an agreement on the terms of a comprehensive capital restructuring of the Group (the “Agreed Transaction”) between: (1) Seven Energy; (2) the Company; (3) certain other members of the Group; (4) Savannah Petroleum PLC (“Savannah”); (5) lenders under the US$24.1 million term loan facility (the “Term Loan 1 Facility”)…

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NNPC assures on promotion of science education … As Delta State emerges overall winner of National Quiz Competition grand finale

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has expressed the commitment of the Corporation to science education. The NNPC GMD, who stated this during the grand finale of the Corporation’s 2017 National Quiz Competition, on Tuesday in Abuja, said the Corporation’s stand was informed by the critical role…

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