Energy

Nigeria needs stable power to revive economy – lawyer

Nigeria needs stable and uninterrupted power supply to get out of its current economic challenges, an Ilorin-based legal practitioner, Mr. Kehinde Adekunle has said.

NNPC warns job seekers of recruitment scam

The Nigerian National Petroleum Corporation has again announced that it never inaugurated a recruitment campaign of any kind, as it warned job seekers to avoid being scammed.

Nigeria has lost N11trn to power sector corruption – Don

Nigeria has lost a whooping N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in Lagos.

Agencies agree on oil revenue management, governance

Key Nigerian agencies have agreed to partner in oil revenue savings and promotion of better attitude to public office.

IBEDC to distribute prepaid meters in Kwara soon

The Ibadan Electricity Distribution Company (IBEDC) says it will soon commence the free distribution of prepaid meters to electricity consumers in Kwara State.

Chevron wins multiple awards at SPE’s international conference, exhibition

Chevron Nigeria Limited on Wednesday lauded its team for winning multiple awards at this year’s Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos.

States forfeit $250m NLNG dividends – NSIA

The Nigeria Sovereign Investment Authority, NSIA, yesterday, disclosed that the 36 states of the federation forfeited their share of the 2016 dividends of the Nigerian Liquefied Natural Gas, NLNG, for reinvestment purposes.

Power generation stagnates at 2,503gwh in Q2

Electricity generation statistics for second quarter (Q2) of 2017, showed a total average of 2,503 Giga watts hour (GWh) of energy was generated by power stations in Nigeria.

Chevron spends $2.5bn on Nigerian local content initiative

Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.

Oil producers committed to output cut deal – OPEC

Global oil producers said Tuesday they remained committed to cutting output and stemming the collapse in oil prices, OPEC said.

Addax Petroleum confirms planned closure of 3 offices

The Addax Petroleum Company on Tuesday confirmed the proposed closure of its corporate offices in Geneva, Aberdeen and Houston in the United States of America.

Yenagoa residents laud DISCO over improved power supply

Some Yenagoa residents and business outfits have lauded the Port-Harcourt Electricity Distribution Company (PHEDC), for improved power supply in the area.

Nigeria requires N3.05 trillion to increase oil production – minister

The Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million barrels per day (bpd) to 3 million bpd.

NNPC owes oil firms N2 trillion in cash call – Baru

The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).

NNPC targets $30bn earnings from diverse investments in 10 years

Dr. Baru commended the NNPC finance and technical teams for being able to attract the much needed foreign investment at a period when it has become increasingly difficult to attract foreign credit facilities.

Nigeria’s crude production stands at 2.35 million barrels per day – NNPC

The Nigerian National Petroleum Corporation, NNPC, said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day.

Nigeria lost $60bn to non-enforcement of PSCs with Oil majors – Kachikwu

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, says Nigeria has lost about $60 billion to the non-enforcement of the terms of the Production Sharing Contracts signed between the federal government and the international oil companies.

Nigeria needs meters to account for daily oil production – Sen. Oduah

A lawmaker, Sen. Stella Oduah, has urged Nigeria National Petroleum Corporation to put an adequate metering system in place to enable Nigerians to know the country’s exact daily oil production.

Recent Stories

Davido deposits N36 million to purchase customised jewelry for Zlatan

Nigerian singer, songwriter and record producer, David Adedeji Adeleke aka Davido, has deposited the sum of $100K (N36million) to purchase customised jewelry for Zlatan Ibile, Skibii and seven other members of his 30BG (30billion gang).

APC is notorious for lies – Cross River governor

Governor Ben Ayade of Cross River State had described the All Progressives Congress, APC, as a group of persons notorious for lies.
As Kogi State governorship election draws near, the FCT Minister of State, Dr. Ramatu Tijjani Aliyu, has charged political gladiators in the major political parties to guard against their utterances for a violent free election.

Minister wants NEMA to extend relief assistance to Kogi flood victims

The FCT Minister of State, Dr Ramatu Aliyu, has called on the National Emergency Management Agency (NEMA) to extend relief assistance to the people affected by flood in over 150 communities in Kogi State.
Closed Nigerian border without any activity

Experts attribute inflation rate rise to border closure

Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.

Gunmen kill policeman, injure school principal in Edo

The Edo State Commissioner of Police, DanMalam Mohammed, on Wednesday confirmed the death of a police sergeant, Yusuf Igoche, in a gun duel with armed robbers on Lagos-Benin Expressway on Tuesday.