…as State sets end of July to lighten up Lagos By Moses Adeniyi The distribution and installation of no less than 20,000 prepaid meters by the Lagos State Government will commence soon, Nigerian NewsDirect has gathered. Report gathered revealed that…
The Executive Secretary, Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi has said plans are in the pipeline to commence transportation of petroleum products through rail lines to save cost. Bobboi, who said this during an interaction with journalists in Abuja…
The Niger Delta Power Holding Company (NDPHC) says it has begun the construction of a 1×7.5 Megavolt Ampree (MVA), 33/11 Kilo Volt(KV) injection distribution substation in Orogun, Delta State. Mr Chiedu Ugbo, Managing Director, NDPHC, disclosed this in a statement…
The National Emergency Management Agency (NEMA) has advised residents of Abule Osun near Festac Town in Lagos State to stop scooping diesel from a ruptured pipeline in the locality. Mr Ibrahim Farinloye, Acting Zonal Coordinator, South West Zonal Office, NEMA,…
Small and Medium Enterprise (SME) owners around the Port Harcourt Refining Company (PHRC) have expressed optimism that the rehabilitation of the refineries will enhance their businesses. Some of them on Thursday in Eleme urged government to ensure it does the…
…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the…
The Nigerian National Petroleum Corporation (NNPC) on Thursday handed over the Port Harcourt Refinery to Tecnimont SPA for the commencement of the $1.5 billion rehabilitation. The Group Managing Director of NNPC, Mele Kyari, who spoke at the event insisted that…
Oil prices slipped on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and elsewhere although prices retained some support from a report the previous session that showed U.S. crude inventories fell much more sharply than expected.…
The Chairman, Transcorp Group, Tony Elumelu in an interview on AriseTV has said, the country needs between 5000 Mega Watts (MW) and 100,000MW in order to stabilise the economy. According to Elumelu, “Nigeria needs about 100,000 MW to power the economy. It…
Star Deepwater Petroleum Limited, a Chevron Company and the operator of the Agbami field, together with its parties in the Agbami field – Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor Nigeria Energy Company Limited, and Prime 127 Nigeria…
