Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Findings reveal why latest estimated electricity bills by Discos are crazier

Fresh facts have emerged on electricity consumers who are still on estimated billing regime will continue to experience monthly rise in bills sent to them by Discos. This is as the indebtedness of Discos to the Transmission Company of Nigeria…

Without Discos investing in infrastructure, steady electricity’ll be elusive—TCN

The only guarantee to end incessant collapse of electricity distribution networks across the nation as a result of the rainfall and obsolete infrastructure being experienced nationwide remains massive investment in infrastructure by distribution companies (Discos). This is, and has been…

Shell traces 90% of pipeline leaks to illegal activities, sabotage at Lagos workshop

…As Wike warns host communities over shutdown of oil exploration Foremost international oil company, Shell Petroleum Development Company (SPDC), has once again affirmed that 90 per cent of pipeline leaks are linked to illegal activities of locals in connivance with…

Green Energy Group secures NERC’s licence to generate 40MW

…As generation continues momentary drop, hits 1,431.1MW low More private sector investors have continued to cash in on the energy crisis bedeviling the economy as the Nigerian Electricity Regulatory Commission (NERC), has issued a licence to Green Energy International Limited…

Changes in markets reactions on oil demand’ll drive next OPEC meeting—Barkindo

In line with commitments to keep global crude oil markets balanced this year and beyond, Secretary-General of OPEC, Mohammad Barkindo has hinted of factoring in the factors into calculations in the upcoming ministerial meetings. In an interview, he said the…

MAP: Ikeja Electric begins delivery of prepaid meters for Ikorodu customers

Ikeja Electric Plc (IE), one of Nigeria’s leading electricity distribution companies has announced the roll-out of prepaid meters for customers in the Ikorodu Business Unit. The company noted that the deployment and installation of prepaid meters to customers in Ikorodu,…

Four policies to drive down gas price in Nigeria loading

Strong indications are underway to show that current gas pricing crisis rocking the economy will soon become a thing of the past in no distant time. Otherwise, revelations from a recent gathering of key stakeholders in Nigerian gas sub sector,…

How Fashola left without setting template for 10,000MW transmission capacity

At the onset of the just ended first tenure of President Muhammadu Buhari in 2015, the administration came with humongous assurance that it is setting up a template that will between 2016 and 2019, deliver template that will add 10,000MW…

5 days to June 12, FG revokes Abiola family’s oil licence, others

Ahead of first national celebration of June 12 as Democracy Day, the Federal Government Thursday upturned the joy of the family members of late pillar of democracy, Chief MKO Abiola, on whose instance the build up for the national democracy…

Osinbajo in Lagos today to unveil Techno Oil’s LPG cylinder factory in Lekki

All is set for the Vice-President, Prof. Yemi Osinbajo to inaugurate a cooking gas cylinder plant in Lagos. The factory, expected to be West Africa’s biggest, is an initiative of Techno Oil Group. Addressing newsmen ahead of today’s event, the…