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…
The Federal Executive Council (FEC) meeting which held yesterday approved a total of $8.29 million and N3 billion for projects in the power sector. The Minister of Power, Sale Mamman who disclosed the news in a series of tweets said…
Rumundaka Wonodi, the former Managing Director, Nigerian Bulk Electricity Trader (NBET), has said, the sale of the National Integrated Power Projects (NIPP) Generation assets will not solve the sectors problems especially, in the short term. “Selling the five out of…
The Federal Government has approved about N6.2 billion for the award of contracts for six projects in the power sector. Mr Mamman Saleh, who is the Minister of Power, disclosed this to State House correspondents on Wednesday at the Presidential…
The House of Re-presentatives has urged the Nigerian National Petroleum Corporation (NNPC) to review the status of the licences issued to indigenous companies to run modular refineries. It asked the corporation to revoke and re-issue them to competent and reliable…
The Federal Government has been advised to direct Electricity Distribution Companies (DisCos) to employ more installers to fast-track the ongoing National Mass Metering Programme (NMMP). Mr Kola Balogun, the Chairman, MOMAS Electricity Meter Manufacturing Company (MEMMCOL) gave the advice in…
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter of 2021, a document presented to the Federation Account Allocation…
The Bayelsa Government has urged members of the State Elders Council to support the struggle for restructuring of the country and passage of the Petroleum Industry Bill (PIB). Gov. Douye Diri made the call at the council’s quarterly meeting in…
The Nigerian Electricity Regulatory Commission (NERC) is going ahead with plans to review power tariffs in July this year despite wide spread resentments by the organised labour, consumer groups and other individuals. NERC had announced on April 26, 2021 that…
