Lagos set date to launch Embedded Power Supply Project

The Lagos State Government has revealed plans to launch the Embedded Power Supply Project come July 2018. Ambode The power project is targeted at generating 3,000 megawatts of electricity for the state within the next 3-5 years. This was disclosed on Wednesday by the Commissioner for Energy, Mr. Olawale Oluwo,  in Alausa. He said the project when it More...

by Uchenna Ajah | Published 4 weeks ago
By Uchenna Ajah On Friday, May 18th, 2018
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AMCON takes over Sen. Oduah’s assets

The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over an unpaid debt of about N20 billion. AMCON takes More...

By Uchenna Ajah On Friday, May 18th, 2018
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Crude prices hits above $80 since late 2014

Benchmark oil contract Brent North Sea briefly surged above $80 a barrel Thursday, hitting its highest level since late 2014 and extending a recent run higher fuelled by tight supply concerns. European stock markets More...

By Uchenna Ajah On Tuesday, May 8th, 2018
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Disclose details of spending in power sector, SERAP asks Fashola

The Socio-Economic Rights and Accountability Project (SERAP) has asked the Minister of Power, Works, andHousing, Mr Babatunde Fashola (SAN) to urgently provide details of spending on the privatisation of the More...

By Uchenna Ajah On Saturday, May 5th, 2018
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AfDB approves $1.5m for Jigawa power project

The African Development Bank (AfDB) says it has approved  a grant of 1.5 million dollars (about N540 million) to support power project in Jigawa State. AfDB President Akinwumi Adesina Mr Amadou Hott,  Vice President, More...

By Uchenna Ajah On Saturday, April 28th, 2018
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Ikoyi to experience 5-hour outage Sunday – EKEDC

The Eko Electricity Distribution Company (EKEDC) has announced a five-hour outage in Ikoyi and environs from 10.00am to 3.00pm on Sunday. Mr Godwin Idemudia, the EKEDC General Manager, Corporate Communications, More...

By Uchenna Ajah On Thursday, April 26th, 2018
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Shell profits rise on back of soaring oil prices

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. Royal Dutch Shell CEO Van Beurden: Q1 profit soars Expectations More...

By Uchenna Ajah On Tuesday, April 24th, 2018
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US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. US oil floods Europe hurting More...

By Uchenna Ajah On Saturday, April 21st, 2018
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15 residents of VGC caught bypassing EKEDC meters

No fewer than 15 residents of Victoria Garden City (VGC), Ajah, on Lekki-Epe Expressway are to be prosecuted for their alleged involvement in energy theft,  Eko Electricity Distribution Company (EKEDC) said . Electricity More...