Energy

TCN seeks $200m loan from AFDB to boost electricity in northeast

The Managing Director of Transmission Company of Nigeria (TCN), Usman Mohammed, said it was seeking $200 million loan from the African Development Bank (AFDB) to boost electricity in the northeast.

Abuja DisCo gets NEMSA’s support on shanty network clean-up

The Nigerian Electricity Management Services Agency (NEMSA) has thrown its weight behind Abuja Electricity Distribution Company’s (AEDC’s) ongoing cleanup of the inherited substandard shanty networks in its franchise area.

NNPC commences oil exploration in Benue – Maikanti Baru

The Nigerian National Petroleum Corporation (NNPC), has officially commenced oil exploration in the Benue State with the mobilization of its data services department to acquire seismic data.

NNPC to create one million jobs, establish bio-fuel plant in Ondo

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres bio-fuel plant in Okeluse, Ondo State.

Ikeja, Maryland, Ketu, Ojota to suffer blackout for 8 days

Ikeja Electric (IE) Plc on Wednesday said there would be interruption of power supply to some parts of Lagos from Nov. 3 to Nov.10.

NNPC to establish biofuel plant in Ondo

On the benefits of the project, the GMD disclosed that the construction of the plant and the production of cassava feedstock could create at least one million direct and indirect jobs.

NNPC confident of commercial hydrocarbon discovery in inland basins

The Nigerian National Petroleum Corporation (NNPC) has expressed confidence that the aggressive exploration of the inland basins being driven by the corporation would soon yield success with hydrocarbon finds in commercial quantity.

Oando releases strong Q3 results with N7.1bn profit

The economic recovery is also evident in the third-quarter results of the financial sector. Access Bank declared N365 billion earnings, a 33% increase from N275 billion in same period in 2016 while FBN Holdings declared N45.8 billion, up by 5.2% from N417.4 billion in Q3 2016 amongst others.

Shell, Eni may face trial over $1.3bn Nigerian deal

An Italian judge is expected to decide on December 20 whether to send two oil majors, Eni and Shell, to trial over alleged corruption in Nigeria, two legal sources said on Tuesday.

Oil price rises to $61 per barrel

Global oil benchmark, Brent crude, rose above $61 per barrels on Tuesday after a week of gains as the prospect of increasing United States exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.

Dinner with National Assembly members routine stakeholder’s engagement – NNPC

The Nigerian National Petroleum Corporation (NNPC), said the dinner with members of the Senate and House of Representatives, earlier scheduled to hold Tuesday, October 31, was part of its routine stakeholders engagement

Enugu DisCo engage bill collection agents

The Enugu Electricity Distribution Company (EEDC) says it has engaged the services of bill collection agents as part of its efforts to expand its bill payment platforms.

NGO tells Abuja DisCO to provide prepaid meters to FCT satellite communities

The Downtrodden People’s Empowerment Foundation, a non-governmental organisation, has appealed to the Abuja Electricity Distribution Company (AEDC) to accelerate metering of its customers in satellite communities of the FCT.

NNPC ready to secure downstream assets – Ndu Ughamadu

The Nigerian National Petroleum Corporation (NNPC) has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional.

NNPC receives bids from 34 firms jostling to secure downstream oil industry assets

The Nigerian National Petroleum Corporation, NNPC, has received bids from 34 firms interested in providing security services to its various petroleum products depots and pump stations across the country.

IAEA chief seeks increase nuclear power use for energy needs

International Atomic Energy Agency (IAEA) Director-General, Yukiya Amano, on Monday, called for an increase in the use of nuclear power to provide the world’s energy needs.

Oil price nears $70 per barrel

Oil markets were firm on Monday, with Brent crude opening above 60 dollars per barrel on expectations that OPEC-led production cut, due to expire next March would be extended.

Ogun plans solar energy for Ogun State Polytechnic

Determined to ensure that the newly-established Ogun State Polytechnic, Ipokia, has uninterrupted power supply, the state government has concluded plans to install solar power energy at the institution.

Recent Stories

Nigerian Stock Exchange NSE

NSE drops to 27,000 mark, amid Seplat losses

The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
The trio of Shehu Abdullahi, Jamilu Collins and Samuel Kalu could miss Super Eagles next Total Africa Cup of Nations Group B clash against Guinea at Alexandria Stadium on Wednesday afternoon.

Afcon 2021: Qualifiers draw pairs Nigeria with Sierra Leone, Lesotho and Benin

Nigeria have been pooled against Sierra Leone, Lesotho and Benin Republic in Group L of the 2021 Africa Cup of Nations billed for Cameroon.

Governor Umahi swears in 29-year-old photographer as media aide

The Ebonyi State Governor David Nweze Umahi has sworn in a 29-year-old photographer, Francis Nwaze, into his cabinet as his special Assistance on media/project documentation.

Delta court sentences man to death by hanging for armed robbery

A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
Imam Abubakar Abdullahi, right, when he earned the Ahmadu Bello Merit award earlier this year

President Buhari urges religious leaders emulate Imam Abdullahi after US honour

President Muhammadu Buhari has expressed delight over the International Religious Freedom Award conferred on Imam Abubakar Abdullahi of Nigeria by the U.S. Department of State.