By Uthman Salami The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has explained that the three per cent profit from operating cost of oil companies in Nigeria, earmarked by the newly signed Petroleum Industry Act…
The Federal Government through the Nigerian Petroleum Development Company (NPDC) Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), said it was ready to start oil exploration in Ogoniland. The Managing Director, NDPC, Ali Zara, has said this during…
Anu Oyeleye, Ibadan Ibadan Electricity Distribution Company (IBEDC) has disclosed that it captured 15,032 incessant cases of vandalize of distribution assets between January and July 2021. The Chief Operating Officer, IBEDC, Engr John Ayodeji while briefing journalists at its 2021…
By Ariemu Ogaga The Transmission Company of Nigeria (TCN), said its has restored National Power Grid after partial system disturbance yesterday. This was contained in a statement sent to NewsDirect by TCN’s General Manager Public Affairs, Mrs Ndidi Mbah on…
Vice President Yemi Osinbajo, says the Petroleum Industry Act (PIA), Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialised nation. The Vice president said the PIA would also create a better-managed petroleum industry with more value addition for…
The Federal Government has said that adjustment of pump price of petrol is not taking effect immediately and the implementation of the Petroleum Industry Act (PIA) does not suggest an automatic increase in price of petrol. The Petroleum Products Pricing…
Federal Government and Russia have partnered to expand oil exploration in Lagos through the latter’s Lukoil Company Nigeria Limited, and operator of the OML 140 Oil Block. The decision was made public when Nigerian Ambassador to the Russian, His Excellency…
Africa will see the establishment of its first dedicated renewable energy yieldco. UK Climate Investments fulfilled its cornerstone commitment of $34 million into the yieldco that will be managed by Revego Fund Managers. Clean, reliable and affordable energy can be a critical…
The Acting Managing Director and Chief Executive Officer of the Transmission Company of Nigeria (TCN), Engr. Dr. Sule Abdulaziz has tasked Management staff with developing more synergy towards sustaining the company’s milestones and moving it to a higher level of…
The Nigeria National Petroleum Corporation (NNPC), has applauded the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host…
