Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

What can Kachukwu say he achieved in office as Minister of State for Petroleum?

Whereas several industry pundits have described the regime of former Minister of State for Petroleum Resources, Dr Ibe Kachukwu in the recently dissolved cabinet of President Muhammadu Buhari, as lacking in definite portfolio and executive functions, his recent removal and…

Ghana refinery decries continued imports of petroleum products

At a time Nigeria is decrying continued importation of petroleum products due to collapsed state of all four refineries, the case is different in Ghana as the only local refinery, the Tema Oil Refinery (TOR) continues to cry for crude…

Rainoil implementing concurrent agenda to cover Nigeria in no time—Mgt

Leading downstream oil and gas sector, Rainoil Limited, has continued to drive its concurrent expansion of retail outlets roll-out nationwide. Giving momentary report on its social media handles, the company said its trending aggressive retail roll-out agenda is to deepen…

Continued collapse of national grid linked to lack of spinning reserve

More facts and figures why the former Minister of Power, Works and Housing, Mr Babatunde Fashola may be called for questioning for his headship as the substantive minister within the period under review. Since his appointment in 2015, the national…

Privatisation of power distribution designed to fail—NERC former boss

Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has once again, argued that the entire unbundling of former Power Holding Company of Nigeria (PHCN) in November 2013 and the subsequent privatisation of the power distribution segment…

Discos reveal one of two reasons it can’t recapitalize, conceals most sensitive

After long period of silence over repeated calls by stakeholders and mainly the Transmission Company of Nigeria (TCN), the leadership of the Association of Nigerian Electricity Distributors (ANED), has came out of their shell to give reasons why recapitalisation of…

As Baru exits without answer for refineries, can Kyari change the narrative?

First, he (outgoing GMD of Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru) started in 2016, by telling Nigerians that his leadership will carry out Turnaround maintenance (TAM) that will jump the installed capacities of all four refineries to highest…

‘Operational error, not sabotage caused pipeline explosion in Oyigbo, R’State’

Contrary to earlier speculation that the pipeline explosion that claimed eight lives Saturday in Oyigbo, near Port Harcourt, the Rivers State capital was caused by vandalism or sabotage, a top official of the Nigerian National Petroleum Corporation (NNPC), Sunday traced…

FCCPC ends Lagos Town Hall Meetings, warns Discos on infrastructure, meters

Two-Day separate sensitization programmes carried out by the Federal Competition and Consumer Protection Commission (FCCPC), in collaboration with the MacArthur Foundation, to facilitate dialogue and proffer solutions to difficult consumer issues in electricity sector ended in Lagos yesterday. Both programmes…

Just in: Borno State-born Mele Kolo Kyari replaces Baru as GMD of NNPC

Change of leadership baton Thursday morning emerged at the Nigerian National Petroleum Corporation (NNPC) as President Muhammadu Buhari has removed Dr Maikanti Baru and appointed Borno State trained geologist, Mr. Mele Kolo Kyari as the new Group Managing Director. Explaining…