…Says it will affect production negatively By Omolola Dede Adeyanju Private Sector players in the Nigerian business space under the umbrella group of the Organised Private Sector (OPSN) have urged the Federal Government (FG) to suspend the new electricity tariff.…
Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has expressed the Federal Government’s readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) to increase the country’s oil production and revenue. Lokpobiri said that the partnership…
…Urges players to strengthen Nigerian banks with funding By Emmanuel Atokolo The Federal Government has revealed plans to revoke licenses of unutilized oil well owners. The Oil and Gas sector has in recent times been plagued with crises ranging from…
The Federal Government has indefinitely suspended mining activities within the Obafemi Awolowo University (OAU) campus and the OAU Teaching Hospitals Complex in Ile-Ife, Osun. This is pending investigations into suspected illegal mining activities in the area. The Minister of Solid…
By Seun Ibiyemi The Federal Government, through the Ministry of Marine and Blue Economy, on Sunday, said that it would soon unveil its plans for the Inland Waterways and Coastal Services in the industry. Its Minister, Mr Adegboyega Oyetola, was…
The Federal Government, through the Ministry of Marine and Blue Economy, on Sunday, said that it would soon unveil its plans for the Inland Waterways and Coastal Services in the industry. Its Minister, Mr Adegboyega Oyetola, was quoted to have…
The federal government plans to provide subsidy to developers and operators of solar mini-grids in unserved and underserved areas in the country. The subsidy will be provided through a World Bank approved loan of $750 million under the Distributed Access…
The Nigerian Society of Engineers has expressed its concerns on the implementation of the new electricity tariff recently announced by the Nigerian Electricity Regulatory Commission. The society added its voice of caution during a media parley with journalists in Abuja…
Following the recent hike in electricity tariff for Band A customers, the federal government has stated that it would save N1.5trillion from the exercise in 2024. It also stated that about 2.5 million meters would be installed this year and…
By Seun Ibiyemi The Federal Government has been urged to develop an actionable plan that would leverage on the existing laws to ensure increased participation of Indigenous operators in the maritime sector. The National Council of Managing Directors of Licensed…
