Eko Disco to give free prepaid meters

Electricity prepaid meters: To be given free of charge by EKEDC The Management of Eko Electricity Distribution Company (EKEDC) says it will give 100 free prepaid meters to its customers during the company’s “Customers’ Service Week”. Its General Manager, Corporate Communications, Mr Godwin Idemudia, who made this known on Wednesday, said it More...

by Felix OLOYEDE | Published 2 weeks ago
By Felix OLOYEDE On Saturday, September 22nd, 2018

Why NNPC adopted contractors funding contract

Miakanti Baru, GMD, NNPC The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times in the Industry. Delivering More...

By Felix OLOYEDE On Thursday, September 20th, 2018

NNPC declares 46% trade surplus

Nigerian National Petroleum Corporation (NNPC) has stated on Thursday  that it had trade surplus of about 46 per cent in oil sales in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, More...

By Felix OLOYEDE On Thursday, September 13th, 2018

Oil prices fall as economic concerns counter tightening supplies

Reuters Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. U.S. West Texas Intermediate (WTI) crude futures More...

By Felix OLOYEDE On Thursday, September 6th, 2018

Chinese consortium targets early 2019 for 3,050mw Mambilla Power Plant commencement

President Muhammadu Buhari has received assurances from the Joint Venture Partners assigned to construct the 3050 Megawatts Mambilla Hydro-electric Power Plant, that all processes leading to the start of work would More...

By Uchenna Ajah On Monday, August 20th, 2018

Financial crisis in power sector endanger banks

By AYOOLA OLAOLUWA   Except prompt actions are urgently taken, the banking sector could face another major financial crisis, no thanks to their heavy exposure to distressed power firms operating in the country. According More...

By Uchenna Ajah On Sunday, August 12th, 2018

Stocks: Oil sector stocks defy economic downturn in 2nd Quarter

By TESLIM SHITTA-BEY Despite a mild economic recovery in 2018, Oil sector stocks listed on the main board of Nigeria’s stock exchange are only recently shaking off the anguish of last year’s sector melt down. More...

By Uchenna Ajah On Sunday, August 5th, 2018

Booming oil prices puts Nigeria at risk

By AYOOLA OLAOLUWA Rising oil prices, once a big blessing may now be a curse for Nigeria, BusinessHallmark findings have revealed. The nation is now daily raking in millions of dollars as proceeds from crude sales More...

By Uchenna Ajah On Monday, July 23rd, 2018

Shareholders bemoan Oando’s deepening crises

–as court orders top executives to pay N245 billion By OKEY ONYENWEAKU It seems the woes of oil producing and marketing company, Oando Plc, will never end. Just smarting from the problems and controversy that More...