Discos mock FG over rumours to payoff current investors with N736bn
In what may suggest hide and seek game between the Federal Government and current investors in electricity distributors, the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has ruled out possibilities of revoking Discos’ licences…
NNPC: 15 firms to export crude, return equivalent refined products emerge
Again, chances of local refineries coming back from comatose to productivity in the next one year may have been botched following Sunday’s release of names of successful mega 15 oil and gas shipping companies by the Nigerian National Petroleum Corporation…
Inherited 30 NIPP transmission projects, 70 new distribution schemes delivered— NDPHC
The Managing Director/Chief Executive Officer, Niger Delta Power Holding Company Limited (NDPHC), Mr Chiedu Ugbo has revealed that contrary to claims in some quarters that current administration has not done any reasonable project on power, “Between May 2015 and now,…
‘Tag of ‘failed investors’ final step to revoke 2013 power privatization exercise’
The latest move by the Federal Government to repossess 10 out of 11electricity distribution firms as one of the options to rescue the nation’s ailing electricity value chain in Nigeria has been seen by industry expert as readiness to quash…
Registration opens for Nigeria Construction Technology Development Forum 2019
Organizers of 2019 Construction Technology Development Forum (CTDF) in partnership with Nigeria’s Construction Industry Hall of Fame, have opened portal for registration for participation. The platform which incorporate exhibition of the latest technology and innovative products in the construction and…
Ten modular refineries nearing delivery in Niger Delta— HOSCON boss, Emuh
Rising from the recently concluded Annual General Meeting of the Host Communities of Nigeria Producing Oil and Gas (HOSCON), the National Chairman Dr Mike Emuh, has revealed that not less than 10 purpose built modular refineries will come on stream…
Latest investment in gas-to-power may earn Benin Rep net exporter soon
The narrative that Nigeria exports electricity to neighbouring countries including Benin Republic may begin to enter reverse gear, if the ongoing massive investment in gas-to-power in Porto-Novo and other cities. With a population of less than 12 million and a…
African oil economies with better fiscal terms attracting investors more—Lekoil GMD
Chief Executive Officer of Lekoil Group, Mr. Lekan Akinyanmi, has called for flexible and seamless fiscal terms in oil deals to retain existing investors and attract more to Nigeria. Lekoil is an AIM-listed oil and gas exploration and Production Company…
High distillate yields driving market attraction for medium sweet Egina crude in EU
The reason for jumping demand for Nigeria’s newest export crude, the medium sweet Egina, European refiners has been revealed. Industry analysts said the rare quality of high distillate yields remains a strong comparative advantage for Total-operated field which has since…
Students, group seek NGFCP boss insights on future of oil, gas flaring in Nigeria
In view of his industry expertise and strategic handling of ongoing process to drive gas flare commercialization in Nigeria, the Program Manager of Nigerian Gas Flare Commercialization Programme (NGFCP), Federal Ministry of Petroleum Resources, Mr Justice Derefaka, has been invited…
