Minister of Science and Technology, Dr Ogbonnaya Onu, has said that the Federal Government will give priority to renewable energy so as to improve the living standards of Nigerians.
While fuel scarcity seems to have eased in some cities across the country, fuel consumers in Abuja have decried the persistent long queues in the Federal Capital Territory, accusing the Nigerian National Petroleum Corporation (NNPC) of irrational distribution of products.
Concessionaire of Kainji and Jebba Hydro Electric plants, Mainstream Energy Solutions Limited (MESL), has injected a fresh $26 million (about N9.360 billion) into the Kainji Hydro Power Plant to rehabilitate its Hydro Turbine Generator unit 1 G 7.
Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria, are signaling their intent to raise output in 2018.
In a bold move to halt frequent scarcity of petroleum products in the country, the Independent Petroleum Marketers’ Association of Nigeria (IPMAN), may have concluded plans to establish its own refinery and oil tank field in the country.
Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle.
Addax Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC, plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124.
The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.
Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.
An account reconciliation activity for crude oil transactions of the Nigerian National Petroleum Corporation (NNPC) has revealed gaps in the corporation’s reporting and remittances to the Federation Account for the month of October 2017, thus making full disclosure in the administration of crude sales a big issue.
THE Oyo State Government has announced that all necessary arrangements are being put in place to generate more electricity through the Independent Power Project (IPP), confirming that it has sought the approval of the National Energy Regulation Commission (NERC), to generate 2000Mw embedded power.
Armed Soldiers on Saturday invaded the site of three Agip Oil wells shut down by angry Indigenes of Ikebiri community of Southern Ijaw Local Government Area council of Bayelsa State.
The Nigerian National Petroleum Corporation (NNPC) says 577 firms have indicated interest to secure the insurance renewal contract for its oil and non-oil assets.
The Ondo State Government, on Saturday compelled filling stations hoarding petrol in Owo and Akure areas of the state to dispense the product at the normal pump price of N145 per litre.
The Federal Executive Council on Wednesday approved the renaming of the Federal Ministry of Communications as Federal Ministry of Communications and Digital Economy.
The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.
The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.
This followed confessional statement of seven Eiye confraternity members who were recently charged to court after men of the Special Anti Robbery Squad, Iju base rounded them up.
Canadian Prime Minister Justin Trudeau on Wednesday ruled out forming a coalition government despite an election victory that left his Liberals short of a majority.
Rep. Samuel Onuigbo, the member representing Ikwuano/Umuahia North/Umuahia South Federal Constituency of Abia in the House of Representatives, says the distortion of values is affecting the development of the country.
The Nigerian Air Force will before December 2019 take delivery of two helicopter gunships from Italy which will be deployed to complement the air power in various operations across the country.
The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
Barely three weeks after a mob lynched three suspected ‘one chance’ robbers at Dutsen Alhaji, in Kubwa, Abuja, another suspected robber was killed this morning beside the former Daughter of Charity hospital, A few metres from the Kubwa train station.
After years of neglect, four helicopters inherited from the defunct National Electric Power Authority by the Transmission Company of Nigeria have been valued at $720,000 (N259.20m) ahead of the proposed sale of the aircraft.