Energy

FG woos new investors for power sector, expresses readiness to open up

The Federal Government says  the privatised power sector  will open up for new investment process to enable  new investors invest  further  in the development of the sector. The Minister of State for National Planning, Mrs Zainab Ahmed, said this in Abuja on Friday, adding that the plan by government became necessary given the challenges in the sector. “The power sector has ...

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I approved NNPC contracts – Osinbajo

Vice-President Yemi Osinbajo on Thursday admitted that he approved the Nigerian National Petroleum Corporation joint venture financing contracts as disclosed by the government-owned oil firm. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, confirmed this in a series of tweets on his confirmed Twitter handle, @akandeoj. Akande said Osinbajo approved the recommendations for ...

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Oil prices soar as fuel shortages hit America

United States has been hit by petrol or gasoline shortage as the effect of Tropical Storm Harvey and the flood it brought to Texas and environ disrupted production on the Gulf Coast. Retail U.S. gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about the fuel-supply shortage. They were at $2.59 a gallon, according to motorists ...

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SERAP launches hotline against corruption in education and electricity sectors

Socio-Economic Rights and Accountability Project (SERAP) has established “toll-free Hotline also called BRIBEline which aims to provide anonymous and confidential channel of advice and assistance to victims and witnesses of cases of corruption such as bribes solicited by officials or quasi-official bodies in the education and electricity sectors.”

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WAIPEC Announces Dates For Her 2018 Conference…As 2017 Recorded Huge Success

  Victoria Hanson The Petroleum Technology Association of Nigeria (PETAN) has revealed that the West African International Petroleum Exhibition and Conference (WAIPEC) will return to Lagos for its second edition on 6-8th February 2018 following hugely positive feedback from the inaugural event which took place at the Eko Convention Centre in February. Over 350 delegates and over 200 participating companies ...

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TOTAL, Schlumberger Others Confirm Speakers for WAIPEC 2017 as Programme Continues to Build

Victoria Hanson The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West African International Petroleum Exhibition and Conference 2017 (WAIPEC), a three day major platform for the oil and gas industry, which will be held on 21st -23rd February, at the Eko Convention Centre, Lagos, Nigeria.

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FG appoints Gur Mohammed as interim boss for TCN

By Abimbola Fashakin, Lagos The Federal Government has approved the secondment of Alhaji Usman Gur Mohammed of the African Development Bank (AfDB) as the interim Managing Director and Chief Executive Officer of the Transmission Company of Nigeria (TCN).

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Onitsha residents issue 21-day ultimatum to Enugu Disco over blackout

By Obinna Achi, Awka Residents of Onitha have issued a 21-day ultimatum to the Enugu Electricity Distribution Company (EEDC) to install pre-paid meters in their area as well as to address the continuous blackout of the city. The aggrieved residents, under the aegis of Onitsha South Elites Forum, are protesting alleged failure of EEDC to install prepaid meters in the ...

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Electricity generation improves, hits 3,959 megawatts

By Abimbola Fashakin, Lagos The Transmission Company of Nigeria (TCN) has wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilises.

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NNPC offloads 38.7m litres of aviation fuel for Christmas

By Abimbola Fashakin, Lagos The management of the Nigerian National Petroleum Corporation (NNPC) has stated that it has imported about 38.7million litres of Aviation Turbine Kerosene (ATK) aviation fuel into the country to ensure what it termed hitch free Christmas holiday.

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