Energy

We’ll give priority to renewable energy – Minister

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.

Consumers flay NNPC as fuel queues persist in Abuja

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 injects N9.6 billion to overhaul 80mw Kainji power turbine

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.

Unfazed by OPEC, Libya, Nigeria seek to boost oil output in 2018

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.

Petroleum marketers to establish refinery, oil tank field

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.

Electricity generation hits 7,000mw, but 2,000mw idle

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/NNPC to invest $3.5bn in onshore, offshore operations

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.

Oil price jumps above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Power plants to generate additional 1,129 mega watts in 2018 – Babatunde Fashola

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.

Oando drags SEC to appeal court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission.

Federal govt earned $7 billion from Addax Petroleum since 2009 – firm

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.

How NNPC hides N30 billion oil revenue from federation accounts

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.

Youths shut Agip’s oil wells over alleged neglect

Aggrieved youths of Ikebiri community in the Southern Ijaw Local Government Area of Bayelsa State have shut down three oil wells belonging to the Nigerian Agip Oil Company.

Oyo govt to generate 2000MW through IPP

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 invade, shut Agip Oil wells in Bayelsa

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.

NNPC promises transparency as 577 firms bid for renewal contract

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.

Ondo govt compels petrol stations to sell at N145‎ per litre

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.

Bayelsa community shuts down Agip Oil wells

Irate indigenes of Ikebiri community in Southern Ijaw Local Government Council of Bayelsa State, yesterday, shut down three oil production wells belonging to the Nigerian Agip Oil Company (NAOC).

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Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

FEC approves name change for Ministry of Communications

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.

Sports minister approves fund to refund IAAF overpayments

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.

Lagos-Ibadan rail: We’re overcoming impediments in Lagos section – CCECC

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.

Police declare four cultists wanted in Lagos

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 has admitted to wearing brownface makeup during a 2001 event at a school where he was teaching, saying it is something he “regret[s] deeply”.

Prime Minister Justin Trudeau rules out coalition as he forms new Canadian government

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.