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Tumbling oil prices may weaken Nigeria’s recovering economy

Ibe Kachikwu

The tumbling on Friday by more than three per cent after the Organisation of the Petroleum Exporting Countries (OPEC) noted that October output had reached another record of 33.64 million ...

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Anxiety as Port Harcourt disco loses N2.2bn

Meters

The Port Harcourt Electricity Distribution Company (PEDC) Friday said it lost N2.2bn in revenue to unpaid bills and electricity wastage by consumers. Managing Director of 4Power, owners of PHED, Mr. ...

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Forget cancellation of power sector privatization, FG tells angry Nigerians

fashola switches op transmiter

Contrary to the speculations of many Nigerians that many of the privatization of the power sector carried out by the last administration will be bungled away very soon, the Minister ...

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Molefe resigns as Eskom boss, citing group interest

Eskom chief executive officer, Mr. Brian Molefe’s has resigned following the recent release of the State of Capture report by the former Public Protector, Advocate Thuli Madonsela on Thursday. Eskom ...

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More Nigerian firms may make NNPC’s 2017 oil lifting list

nnpc

Barring any last minute hiccups, the Nigerian National Petroleum Corporation (NNPC) may announce the names of companies qualified for the lifting of the country’s crude oil for 2017 by mid-December. ...

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Chevron starts gas production from Alder field

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Chevron North Sea Limited has started production from the Alder high-pressure, high-temperature natural gas-condensate field 160 km from the Scottish coastline in the central North Sea. Alder, which lies in ...

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Seven Energy seals $112m partial risk guarantee deal with FG

Ibe Kachikwu

Emerging energy solutions group, Seven Energy International Limited has signed a $112m Partial Risk Guarantee with the Federal Government for the supply of natural gas by its wholly-owned subsidiary Accugas ...

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FG seals fresh understanding to pay $5bn JV debt to oil majors

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Indication has emerged that the Federal Government has reached an outline settlement to resolve a protracted dispute with some foreign energy companies. According to the deal, the energy giants will ...

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Kaduna Electric investing $250m in meter manufacturing – MD

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Kaduna Electricity Distribution Company (KEDC) yesterday revealed the readiness of the company to build a $250 million meter manufacturing plant in Kaduna State before the end of 2016. Alhaji Garba ...

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Dangote refinery working to start operation in 2018

Aliko Dangote

Barring any unforeseen challenge between now and next year, Dangote Group’s 650,000 barrels per day capacity refinery currently under construction in Lagos would begin operations before the end of 2018. ...

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