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Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: My directive to NERC not meant to ‘demonise’ DisCos

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says his directive to Nigerian Electricity Regulatory Commission (NERC) is rectify issues impeding electricity supply in the country, but not to demonise DisCos.

Ikeja Electric unveils aggressive metering plan

Nigeria’s leading electricity distribution company, Ikeja Electric Plc, has commenced the distribution of single and three phase prepaid meters across its network.

Minister: Power DisCos rattled by federal government’s resolution on service delivery

Also, the minister freely lampooned the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Oduntan, who responded to his orders for the Discos. He specifically called Oduntan an interloper.
3 President Buhari in a bilateral meeting with Prime Minister of the Netherlands Mr Mark Rutte in The Hague on 16th July 2018

Nigerian leader backs major Shell project on Dutch trip

Nigerian President Muhammadu Buhari ended a four-day visit to the Netherlands on Wednesday, after voicing staunch backing for the International Criminal Court and giving oil giant Shell a nod for a new $5bn investment deal.

DisCos: Federal government misleading Nigerians on power generation

Sunday Oduntan, executive director, research and advocacy, Association of Nigerian Electricity Distributors (ANED), says the federal government lied on its claims of improvement in power generation.

Senate approves N348 billion subsidy payment to 74 oil marketers

The Senate has approved the payment of N348 billion as outstanding subsidy claims to 74 petroleum marketers.

House of Reps orders suspension of AGIP pipeline surveillance contracts

The House of Representatives yesterday ordered immediate suspension of all Pipeline Surveillance Contracts by the Nigerian Agip Oil Company (NAOC) in Bayelsa State.

EEDC expends N10 billion on meter procurement, inherits 700,000 unmetered customers from PHCN

The Enugu Electricity Distribution Company (EEDC), says it has expended N10 billion on the procurement and installation of certified prepaid meters for its customers within the South-East.
The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement

Workers shut ExxonMobil HQ for sacking 860 Nigerian workers

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement.

Brent crude rises to $72.20pb over Norway strike

Brent prices rose from a three-month low yesterday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.

Expert: Oil companies shut down fields for 180 days annually

A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola, has disclosed that oil and gas companies operating in the country shut down producing fields for up to 180 days yearly as a result of the operational challenges in the Niger Delta.

Minister: Hydro-power to generate 19,000 MW

The Federal Government said that electricity generation from hydro sources could reach 19,000 megawatts if fully harnessed.

ExxonMobil Lagos headquarters shut by protesting workers

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the alleged dismissal of 860 security personnel without entitlement.

Oando: We are not a party to London arbitration

Oando PLC’s shareholders can heave a sigh of relief as the Company, has set the record straight following claims in the mediawhich implied that Oando has been ordered by the London Court of International Arbitration (LCIA) to pay Ansbury Investment Inc. $680 million
Nigerian National Petroleum Corporation (NNPC)

NNPC to begin oil palm bio-diesel project in Cross River

The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel project.

Federal government urged to invest in oil, gas exploration

Mr Abiodun Adesanya, Managing Director, Degeconek Nigeria Ltd., urged the Federal Government to woo investors to carry out exploration of oil and gas in frontier basins to increase the country’s reserves.

Oando: We do not owe Ansbury any money

The dispute between Gabrielle Volpi and the principals of Oando has been ongoing for over a year and has been a cause of concern for companies and individuals alike who look for investments to grow their business via individuals in the form of equity or debt.
Gabriele Volpi

Arbitration court orders Gabriele Volpi to pay self $360m of $600m owed by OODP...

The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.

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Kawu Baraje: We will leave APC with or without Senator Saraki

The former Chairman of the new Peoples Democratic Party (nPDP), Alhaji Abubakar Kawu Baraje, has said that members of the party and the supporters of the Senate President, Dr Bukola Saraki, have decoded to dump the ruling All Progressives Congress (APC) with or without the senate president, even as he described the juicy appointments being offered them by the presidency as an embarrassment.