Energy

FG dismisses claims of tariff increment

The Federal Government (FG) has dismissed claims of an imminent tariff increment. The Minister of Power, Sale Mamman in a statement, clarified that there would be no increase in electricity tariffs. He said the review process is routine as provided…

AGPC to invest $10m on capacity development

ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10 million on capacity development initiatives in the oil and gas sector. Its Managing Director, Okechukwu Mba said this on the sidelines of the kick off meeting…

Electricity consumers kick against proposed new tariffs

Electricity consumer groups on Sunday, kicked against the planned review of electricity tariffs for the 11 power Distribution Companies (DisCos) by the Nigerian Electricity Regulatory Commission (NERC). They maintained that there was no justification for any upward review of electricity…

FG offers 5 NIPP stations for sale

The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale. It said this…

NNPC not in financial straits – Obateru

The Nigerian National Petroleum Corporation (NNPC) says that the Corporation is not in  any financial straits as insinuated in the media. Dr Kennie Obateru, General Manager,  Group Public Affairs Division of the corporation, disclosed this in a statement in Abuja…