YolaDisCo sale stalled as no potential buyers emerge

By ADEBAYO OBAJEMU Two years after the core investors of the Yola Electricity Distribution Company, YolaDisCo, declared a force majeure owing to their inability to operate under the reign of terror unleased by Boko Haram, the Federal Government is yet to find any investor interested in operating the utility company, it has been learnt. In 2015, owner More...

by Okey Onyenweaku | Published 2 weeks ago
By Felix OLOYEDE On Wednesday, October 18th, 2017
0 Comments

FG tasks NNPC to Stimulate Economic Growth through Aggressive Gas Devt

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Baru made this disclosure Dr Maikanti Baru, GMD NNPC on Tuesday in Lagos during a Gas Roundtable meeting for Chief Executives More...

By Okey Onyenweaku On Monday, October 16th, 2017
0 Comments

NNPC: President Buhari’s house of corruption

NNPC in public consciousness is synonymous with corruption, Adebayo Obajemu takes a look at the series of landmark corruption allegations that define the oil giant KPMG in its report on corruption in NNPC gave a More...

By hallmarknews On Monday, August 1st, 2016
0 Comments

Anambra govt signs S.25m MoU for 40MW power

Story by  ADEBAYO OBAJEMU Anambra State Government has signed a Memorandum of Understandings, MOU, with Zolts Energy Limited, for the construction of a 40-Megawatt embedded power generating plant in Ogbaru Local More...

By Vera Olubi On Sunday, May 22nd, 2016
0 Comments

N93bn debt: DISCOs continue mass disconnection of debtors

The nation’s power sector crisis has taken a turn for the worst following mass disconnection, which  began a week ago, of   historic debtors by all the electricity distribution companies, DISCOs, to protest More...

By Vera Olubi On Sunday, May 22nd, 2016
0 Comments

Oil disruptions speeding up new world energy order

By ADEBAYO OBAJEMU The world’s oil market is rebalancing faster than expected due to several serious outages, including disruptions in Nigeria. But for now, there is enough oil in storage and excess capacity More...

By Vera Olubi On Friday, March 11th, 2016
0 Comments

Oil prices rise

Oil prices rise Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency. Still, analysts cautioned that a large glut of oil remained, More...

By hallmarknews On Wednesday, January 27th, 2016
1 Comment

NUPENG condemns militants’ vandalism in Niger Delta

  The National Union of Petroleum and Natural Gas Workers (NUPENG) has condemned militants who blew up pipelines in the Niger Delta. The leadership of the union said perpetrators should face the music. Alhaji More...

By hallmarknews On Wednesday, January 27th, 2016
1 Comment

DPR seals 43 filling stations in Akwa Ibom, Cross River

The Department of Petroleum Resources (DPR) in charge of Akwa Ibom and Cross River states has sealed 43 filling stations in the two states for engaging in illegalities. Mr Bassey Nkanga, DPR’s Controller, Operations, More...