NERC worries over poor remittance by DisCos in Q1 2018

Dr. Anthony Akah, Acting Chairman, NERC The Nigerian Electricity Regulatory Commission (NERC) has expressed concerns over poor remittance of electricity invoice by the 11 Distribution Companies (DisCos) in the first quarter of 2018. NERC in its 2018 first-quarter report published on its website on Friday said that tariff deficit was partly responsible More...

by Felix OLOYEDE | Published 3 months ago
By Felix OLOYEDE On Thursday, September 6th, 2018
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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 Felix OLOYEDE On Thursday, September 6th, 2018
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Fuel scarcity looms as NUPENG threatens to embark on strike action over military brutality in Delta

Comrade Williams Akporeha, National President, NUPENG The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to go on a nationwide industrial action if the Chief of Army Staff fails to redeploy More...

By Uchenna Ajah On Wednesday, July 4th, 2018
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NNPC eyes capital market for funds

The Nigerian National Petroleum Corporation (NNPC) is set to hit the Capital market to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas More...

By Uchenna Ajah On Thursday, June 21st, 2018
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Kachikwu: Nigeria opposes boost in crude oil supply

Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Dr Emmanuel Ibe Kachikwu: states More...

By Uchenna Ajah On Thursday, May 24th, 2018
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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 More...

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...