The Nigerian Upstream Petroleum Regulatory Commission (NUPRC develops digital platform to monitor community development trust) has developed an industry intelligent digital automated platform for reporting and monitoring the Host Community Development Trust (HCDT), for transparent administration of the Host Communities’…
Mr Basil Omiyi, the Chairman of Board, Seplat Energy, said the company’s total revenue rose by 29.8 per cent to $951.8 million as at financial year ended Dec. 31, 2022. Omoyi said this during his address at the company’s 10th…
Yesterday, the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo commissioned Transafam Power Limited – a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant…
A Federal High Court sitting in Abuja has ordered Seplat Energy Plc to hold its Annual General Meeting. The company made this known in a notice filed at the Nigerian Exchange Limited and obtained by journalists, saying the order was…
The Enugu Electricity Distribution Company (EEDC) has restored supply to Imo following the suspension of a week-long industrial action embarked upon by the organised labour in the state. This is contained in a release signed by EEDC’s Head of Corporate Communications, Mr…
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country. This might not be unconnected to the much-talked-about overlap of functions between the NUPRC…
Petrol consumers may pay about N8.4trillion for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings and industry data showed. This represents about 250 per cent…
Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW,was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatisation conditions. Transcorp Power will…
The transmission company of Nigeria has announced that more electricity consumers across the country will suffer power outage, while some others are jittery, because the Transmission Company of Nigeria (TCN) continues to disconnect power companies over huge debts. However,the residents…
The Pan-African Credit Rating Agency, Agusto & Co., has said that Nigeria needs to urgently fix its natural gas supply constraints. Agusto & Co said this in a recent research note. According to the agency, 25 of the country’s 29…
