NNPC to generate N11tn revenue in 2021, $14bn industry spending
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
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Ikeja Electric bags ‘Most Philanthropic Disco of the Year’ Award
According to the organizers, the award was given in recognition of IE efforts to give back to the society in which it operates. The citation read that Ikeja Electric was selected because it demonstrated integrity and transparency while engaging in several corporate social responsibility interventions in 2020.
National Mass Metering Programme, Siemens AG power project, others will strengthen power sector —Buhari
“The Federal Government is working assiduously to address these financial and fiscal challenges through various programmes such as the National Mass Metering Programme, the Siemens AG Power Project and the World Bank Distribution Sector Recovery Programme, etc.”
All-New Nissan Terra to expand SUV lineup South and Sub Sahara Africa
Solidifying its strong presence in the SUV market, the tough yet sophisticated vehicle is planned for release in South and Sub-Saharan Africa in the latter part of 2021.
Buhari commissions 5,000bpd Waltersmith modular refinery in Imo
President Muhammadu Buhari on Tuesday commissioned a 5,000-barrel per day Waltersmith modular refinery in Imo State, saying the advent of such refineries in the country will aid the availability of petroleum products and eliminate importation.
Tanzanian Julius Nyerere hydro-power project: Excavation of power waterways 74% complete
The excavation works of three Power Water Ways through which water will flow to help spin nine turbines at the Julius Nyerere Hydro-Power Project in Tanzania, along the Rufiji River, has reached 74 percent completion. This is according to the Project Manager, Eng. Said Kambanga, who also works with the Tanzania Electric Supply Company Limited (Tanesco).
Crude oil in commercial quantity discovered in Benue Trough, says NNPC
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
CrossBoundary Energy raises $40m to grow C&I solar projects in Africa
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40 million in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed Commercial & Industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
NCDMB, EFCC, others to collaborate on local content enforcement
Executive Secretary of NCDMB, Simbi Wabote, explained that the Board organised the workshop to create synergy and collaboration with regulatory and enforcement agencies in the discharge of its mandate.
Schneider Electric unveils new distributor in South-South
Energy management giant, Schneider Electric, has signed up a new distributor, Okelco Global Resources for its products in Port Harcourt, Rivers State.