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By Seun Ibiyemi The Federal Government and China Machinery Engineering Corporation (CMEC) on Wednesday signed a contract agreement aimed at improving power supply across the country. The contract, valued at $328,819 million dollars covers Engineering, Procurement, Construction, and Financing for the implementation of transmission lines under Phase 1 of the Presidential Power Initiative (PPI). The ...
Dangote Petroleum Refinery says it has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products to include aviation fuel ...
By Seun Ibiyemi The Federal Ministry of Finance has restated the government’s unwavering commitment to the Crude and Refined Product Sales in Naira initiative during an update meeting held in Abuja today. The session, presided over by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, brought together key stakeholders ...
The Federal Government has ordered illegal miners to immediately vacate all mining sites in Zamfara following the confirmation of an outbreak of lead poisoning in Bungudu Local Government Area. The Minister of Solid Minerals Development, Dr Dele Alake, gave the warning in a statement by his Special Assistant on Media, Segun Tomori, on Tuesday in ...
By Seun Ibiyemi Vice President Kashim Shettima on Tuesday inaugurated the Board of the Nigerian Independent System Operator (NISO) Limited at the State House in Abuja, marking a significant step in the federal government’s ongoing effort to restructure and strengthen Nigeria’s electricity sector in line with the Electricity Act of 2023. The 11-member board, chaired ...
The Nigerian National Petroleum Corporation (NNPC), through its Corporate Social Responsibility (CSR) arm, the NNPC Foundation, has provided training for farmers in Nsukka, Enugu State, focusing on modern agricultural techniques and strategies for improving market access. During the three-day training event for vulnerable farmers in Nsukka on Tuesday, Mrs Emmanuella Arukwe, Managing Director of the ...
The Minister of Steel Development, Shuaibu Audu, has stated that the revival of the long-neglected Ajaokuta Steel Plant will play a crucial role in driving industrialisation in the country. This statement was issued by his Special Assistant on Media, Mrs Lizzy Okoji, on Tuesday in Abuja. Audu was responding to the appointment of Prof. Nasir ...
As stakeholders in the Nigerian oil and gas industry gear up to mark 15 years of the enactment and implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, a new book that captures some of the thrills and highlights of the local content policy has just been unveiled to the reading public. ...
The Federal Government has commissioned a one-megawatt solar power facility to serve the Office of the Head of the Civil Service of the Federation (HCSF), providing a reliable alternative source of electricity to support efficient public service operations. The Minister of Power, Chief Adebayo Adelabu, made this known during a handover ceremony held in Abuja ...
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has reported that electricity distribution companies (DisCos) collectively attained an energy offtake rate of 94.61 per cent in the fourth quarter (Q4) of 2024. This update, published in the Commission’s recently released Q4 2024 Report, also showed a 4.14 percentage point increase compared to the offtake ...
The NNPC Foundation Ltd. has donated 25,000 Science, Technology, Engineering and Mathematics (STEM) text books and mini libraries to 25 secondary schools across the country to bridge gap in technological innovation and advancement. Mrs Emmanuella Arukwe, Managing Director, NNPC Foundation Ltd. said this on Monday during the unveiling 1,000 STEM books and mini science library ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has vowed that those responsible for the recent vandalism of the Lagos-Gbene 18-inch Tebidaba-Brass pipeline in Bayelsa State will be tracked down and brought to justice. Speaking during an on-site visit to the affected area in the Opuama Clan of Southern Ijaw Local Government ...
The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, today performed the groundbreaking ceremony for Guelph Gas Limited’s Compressed Natural Gas (CNG) Mother Station in Ibesikpo, Akwa Ibom State. Speaking at the event, Ekpo noted that as the world pivots towards cleaner, more sustainable energy sources, Nigeria is well-positioned to harness its ...
…PETROAN calls on NNPCL to activate product tracking system By Seun Ibiyemi The Federal Government is poised to take delivery of the first batch of 3,205,101 electricity meters, a key milestone in its efforts to reduce Nigeria’s longstanding metering deficit. In a statement released on Sunday, Bolaji Tunji, Special Adviser on Strategic Communications and Media ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the new Nigerian National Petroleum Company Limited (NNPC Ltd.) management to activate “Petroleum Products Passport” to secure petroleum products. Dr Billy Gillis-Harry, National President of PETROAN, made the call on Sunday in an interview with the News Agency of Nigeria (NAN), Abuja, while ...
…congratulates new Board of NNPC Ltd The Highest body of journalists in Nigeria's energy sector, Association of Energy Correspondents of Nigeria (NAEC), has hailed the appointment of Engineer Bayo Ojulari as the new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC Ltd). Reacting to the news of the new GCEO appointment, ...
The new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), Mr Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr Mele Kyari. Following the appointment of the new GCEO and Board of Directors, the NNPC Ltd. also announced the appointment of a new eight-man ...
...150 experts to converge on Lagos for three-day summit By Sodiq Adelakun Lagos State is poised to take a giant leap towards achieving electricity independence as it prepares to host its inaugural energy summit. The summit, themed “Journey to Energy for All,” is scheduled to hold from April 15 to 18 and will bring together ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has praised the Maintenance, Repair and Overhaul (MRO) training centre established by Caverton Helicopters at the Murtala Muhammed International Airport, Ikeja, Lagos. During his tour of the facility, the minister observed that the level of investment in the centre is on par with those ...
Seplat Energy Plc has officially become a member of the Extractive Industries Transparency Initiative (EITI), further solidifying its commitment to transparency, accountability, and global best practices. The energy company has been recognised as a registered EITI Supporting Company for 2024, a significant step that was acknowledged on the EITI website and across its communication platforms. ...
Eko Electricity Distribution Company (EKEDC) has renewed its commitment to substantial network infrastructure development, with a focus on improved service across its network. The Acting Chief Executive Officer of EKEDC, Mrs Rekhiat Momoh made this known during the Island Customers Consultative Forum held in Lagos on Thursday. The forum was attended by customers from various ...
The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has described as strategic, the appointment of Mr Bayo Ojulari, as the new helmsman of the NNPC Ltd. The News Agency of Nigeria (NAN) reports that President Bola Tinubu on Wednesday announced the appointment of Ojulari as the new Group Chief Executive Officer( GCEO) ...
In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). The AEB aims to finance oil and gas projects across the continent, addressing funding challenges posed by traditional Western financial institutions’ reluctance to support fossil fuel initiatives due to environmental concerns. ...
