editorial THAT Lagos State is on the verge of becoming a member of Nigeria’s oil producing states by 2015 is good news. The state’s government has been undoubtedly progressive and visionary, hence the enabling environment it has created to make this possible is hardly surprising. This new-found status, therefore, is now a clarion call on […]
Tag Archives: Nigeria
By Emeka Umejei The managing director of Shell Petroleum Development Company (SPDC) and country chair of Shell Companies in Nigeria, Mutiu Sunmonu, has said that the Otumara Associated Gas Solution Project will generate six megawatts daily. “Today, we are all witnesses to the completion of the fabrication and integration of Otumara AGS Central Processing Facilities […]
By Weneso Orogun The crisis rocking the board of the Kano Electricity Company (KEDCO) Plc over allegations of poor corporate governance by the majority shareholder, Sahelian Energy, has degenerated with the board of the minority shareholder chaired by Alhaji Umaru Mutallab, Incar Power Ltd, inviting the National Electricity Regulatory Commission (NERC) to promptly intervene and […]
editorial The global oil market recently witnessed an 18 per cent fall in prices in the third quarter of this year, when they hit an average $ 95 per barrel. Several factors have been blamed for this trend. On one hand is the weak demand from Europe that is yet to fully recover from the […]
press release Abuja, Nigeria — With a commitment to boost electricity supply in Nigeria, President Goodluck Ebele Jonathan and the Federal Government are on track to restore uninterrupted power supply to Nigerians and to complete ongoing independent power projects spread across the country. To boost this effort, the Nigerian Ministry of State for Power submitted […]
analysis What’s the Issue ? Petroleum product pricing is a troubling issue in Nigeria and a major focus of numerous subsidy debates held in the country in the run up to the 2012 subsidy protests. The debates revealed that there was no common front/agreeable cost of refined petroleum, kerosene and diesel per litre in Nigeria. […]
MR Liu Kan, the Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for […]
Professor Chinedu Nebo was Vice Chancellor of the University of Nigeria, Nsukka prior to his appointment as Minister of Power in February last year. He oversaw the privatisation of the sector last November, and has been under the spotlight in recent months, because consumers feel there is little progress in the sector, in terms of […]
By Ejiofor Alike and Paul Obi With Agency Report The United States government has launched investigation into crude oil shipments from Saltpond platform, a small oil facility off the coast of Ghana, due to strong suspicion that some of Nigeria’s stolen oil may be exported through the facility. The majority owner of the platform, Lushann […]
…Says no ban on affected countries Nigeria has been given the all clear to host AFCON qualifying matches which begin next month after the Confederation of Africa Football (CAF) instructed Guinea, Sierra Leone, and Liberia to find neutral grounds for their matches. Africa’s football governing body, in a statement, added that there is no ban […]
– Wants minister to read the riot act to erring firms The Nigerian Electricity Regulatory Commission (NERC) has said it will ask the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to place an instant and precise end to gas flaring in Nigeria’s oil and gas sector. NERC explained that the order had become necessary to […]
By Omoh Gabriel Dangote Cement Plc, yesterday, raised alarm over the continued short supply of Gas and Low Pour Fuel Oil, LPFO, in the country, saying the situation had gone from bad to worse in the last six months. Lamenting the shortage of gas and LPFO supply in the country, Mr. Devakumar Edwin, Managing Director, […]
By Emeka Anuforo DISTURBED by allegations of financial crisis plaguing the electricity sector, the Nigerian Electricity Regulatory Commission ( NERC) has commenced audit of the distribution companies ( Discos). The process, according to a deliable source, commenced with the Enugu Electricity Distribution Company and the Benin Electricity Distribution Company. Relatedly, the Commission has appointed a […]
Determined to boost power supply across the country, the federal government yesterday said it would expend $ 1 billion to ensure adequate gas supply. It said the fund would be sourced from the Niger Delta Power Holding Company (NDPHC) allocation, as well as the private sector providers. This was disclosed at the end of a […]
Without the slightest hint of impending changes, President Goodluck Jonathan yesterday carried out a major shake-up in the top echelon of the Nigerian National Petroleum Corporation (NNPC), with the sack of the Group Managing Director, Mr. Andrew Yakubu as well as the Managing Director of its subsidiary Exploration and Production (E&P) company, the Nigerian Petroleum […]
