Untimely, inappropriate privatization root of Nigeria energy crisis—Expert
Former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi has opened up on the exact root cause of the endless crisis rocking the nation’s electricity sector, saying “We are offering band aid to a mortally sick patient.”…
Why Sylva led Nigeria’s investment meetings in the US
More facts have emerged on the team of Nigerian top government officials at the US-Nigeria Binational Commission Meeting held in Washington DC earlier this week. It was that gathered that the Minister of State for Petroleum Resources, Chief Timipre Sylva…
Feb. 14 OPEC ministerial meeting may make or mar Nigeria’s 2020 budget if…
Serious challenge is brewing for the 2020 budget of the Federal Government following strong indications OPEC may consider cutting 500,000bpd in its next ministerial meeting come Friday, February 14 in Vienna, Austria. Analysts say if such decision is taken coupled…
2020 budget funding shocks heighten as oil steadies at downward trend
The observed continuous drop in the international oil benchmark, Brent crude, which plummeted to its lowest level in more than a year since Monday, had become a source of worry for the Nigerian economy as the earnings is the pivot…
Togo now W’Africa’s Largest Solar Photovoltaic investor with 50MW
Republic of Togo has taken lead West Africa’s drive to renewable energy revolution via its 50MW Mohamed Bin Zayed Photovoltaic Solar Power Complex today in Blitta. The project was launched in presence of H.E. Faure E. Gnassingbe, President of the…
Revealed: Crude swap data contradicts FG’s claim on reduced fuel use in Q3 ‘19
A humongous contradiction has been smoked out from the claims by the Federal Government that border closure reduced domestic fuel consumption in third quarter 2019. Otherwise, the impression created by the government that part of the advantages of border closure…
Expect compressed Natural Gas as an alternative fuel this year—Minister
Nigeria is on the verge of dumping the use of Premium Motor Spirit (PMS) for locally produced Compressed Natural Gas as an alternative fuel. This was the revelation of the Minister of State for Petroleum Resources, Chief Timipre Sylva, on…
VAT on electricity contradicts FG’s claim on no effect on poor Nigerians
The trending claims of the Federal Government that the rise in Value Added Tax (VAT) from hitherto 5% to 7.5% would not affect the life of poor Nigerians may have been punctured with the fact that electricity tariff is paid…
Ghana seals 400KW waste to energy plant deal with Germany
Ghana has become the first in West Africa to invest in hybrid waste-to -energy (w2e) power plant in a multimillion dollar deal with Germany to deliver 400KW in Atwima Nwabiagya in the Ashanti Region. Business Hilights Ghana Bureau Chief reports…
NERC to sanction Discos intimidating customers to repair infrastructure
The surreptitious act, whereby some Discos lure customers’ especially streets and communities into replacing or contributing money for the upgrade of their failed facilities has been outlawed by the Federal Government. Otherwise, the Nigerian Electricity Regulatory Commission (NERC) has condemned…
