Minister speeds off national gas revolution with inauguration of NGEP
The Minister of State, Petroleum, Chief Timipre Sylva, has officially flagged off activities of the National Gas Expansion Programme (NGEP) conceived and designed to serve as a catalyst for adding value to the vast natural gas reserves that this great…
Chevron, Shell still deepening footprints in Nigeria—Minister
Contrary to media reports and trending speculations that oil giants, including Shell and Chevron are on the verge of toning down their investments in Nigeria’s oil and gas sector, the Minister of State for Petroleum, Chief Timipre Sylva has brushed…
FG fumes over fast-running prepaid meters, set to sanction accomplices
In view of surging complaints of high-speed prepaid meters by consumers who recently installed theirs, the Nigerian Electricity Management Services Agency (NEMSA), has sounded a note of warning to meter manufacturers. Business Hilights recalls that that had been rising complaints…
Can NNPC explain N68.82bn income with N192.1bn OPEX on three refineries?
The happiness of many industry watchers on recent financial statements of several subsidiaries of the Nigerian National Petroleum Corporation (NNPC) showing boom in income seemed to have been cut short with latest financial reports coming from the Corporation. Besides, many…
‘Putin’s retaining of friendly Russia’s energy minister good for Africa’-AEC
Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. Amongst those retaining their seats in office is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal with the Organization of…
Completion of NCDMB 17-storey headquarters in Yenagoa lights up state
It has been pomp and celebration of job well done in Yenagoa, the Bayelsa State capital following the timely delivery of the 17-storey headquarters of the Nigeria Content Development and Monitoring Board (NCDMB) in the state since this month. Checks…
Corruption delaying BPE’s review of Discos’ performance, experts tell Minister
More power stakeholders’ have joined in the protest against the official delays by the leadership of Bureau of Public Enterprises (BPE) to review the performance of the electricity distribution companies in the country. It should be recalled that during the…
FG to deepen domestic gas use, monetization of gas resource—Minister
Minister of State, Petroleum, Chief Timipre Sylva, has revealed Federal Government’s determination to grow utilization of domestic gas and overall monetization of the nation’s unprecedented gas resource. Speaking during a strategic media parley in Abuja, he said “As you are…
Just in: 28 houses, 39 vehicles, 5 deaths, many injured in Lagos pipeline fire
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, in Lagos Monday, described late night to early morning pipeline fire in Ilepo, Ekoro, Abule Egba and Alimosho area of Lagos State as unfortunate. Whereas preliminary investigation…
Power blame game to deepen in 2020 as national grid crashes last week
Throughout 2019, the Nigerian national grid had not less than 20 collapses which translates to poor infrastructure and maintenance systems on power transmission. Recall that during the 2013 unbundling of the nation’s electricity sector, whereas generation and distribution was ceded…
