The Federal Government is proposing to spend a total of N158m for the maintenance and fuelling of generators at the Federal Ministry of Power, Works and Housing. According to the budget proposal for the ministry in the 2018 Appropriation Bill that is currently before the National Assembly, part of the N158m is to be used…
The Group Managing Director of the Nigerian National Petroleum (NNPC), Dr. Maikanti Baru, is set to deliver the pre-convocation lecture at the 40th Convocation of the Ahmadu Bello University, Zaria, Kaduna State. Dr. Baru is an alumnus of the prestigious university. The title of the lecture is: “Oil and Gas Industry and the Nigerian State: Enduring…
The Power Sector Recovery Programme (PSRP) recently developed by the federal government and the World Bank to revive Nigeria’s ailing power sector, has come up with an action plan for the sweeping restructuring of the 11 electricity distribution companies (Discos) that would enable government to take over any Disco found to be insolvent. Details of…
The Power Sector Recovery Programme (PSRP) recently developed by the federal government and the World Bank to revive Nigeria’s ailing power sector, has come up with an action plan for the sweeping restructuring of the 11 electricity distribution companies (Discos) that would enable government to take over any Disco found to be insolvent. Details of…
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…
In its efforts to take advantage of the potential in the Nigerian agriculture sector, Oando and its JV partners as well as USAID have invested in improving agricultural practices in the country. This was made known at the annual Framers Day celebration in Igbogene, Bayelsa State which was in commemoration of the 2017 GRP, JV…
A human rights lawyer Femi Falana (SAN), on Wednesday, accused the Nigerian National Petroleum Corporation of failing to remit over $21.7bn and N376bn since 1999. The human rights activist said instead of piling up external loans, the Federal Government should be compelled by the Nigerian people to “embark on the immediate recovery and repatriation of…
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…
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…
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”)…
