Energy

Power

DisCos seek measures to drive power sector investment

Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.

Federal government exceeds oil budget target

Nigeria’s crude oil and condensates production has risen to 2.323 million barrels per day (bpd), exceeding the 2019 budget benchmark of 2.3 million bpd.
Nigerian National Petroleum Corporation (NNPC)

NNPC subsidiary’s profit hits N4.75 billion

A subsidiary of the Nigerian National Petroleum Corporation (NNPC) - National Engineering and Technical Company Limited (NETCO’s) operating profit increased by 130 percent from N2.07 billion in 2017 to N4.75 billion in 2018, its chairman, Mallam Bello Rabiu, has said.

Oil prices slip for second day on global growth worries

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.

Video: Oando shareholder warns SEC against abuse of power

Oando shareholder Olatunde Okelana warns SEC against abuse of power and not following due process at Okumo Oil annual general meeting.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

South America searches for answers after massive blackout

Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

PTD suspends Benin unit chairman

The National Executive Council of the Petroleum Tanker Drivers Union has suspended its Benin Unit Chairman, Comrade Osamuyi Osahon, for not following the union’s rules and regulations to resolve conflicts.
Pragmatic Shareholders Association

Infographic: Shareholders slams SEC over bias in its dealings with Oando

The Pragmatic Shareholders Association of Nigeria has joined Oando PLC, its management team and Board of Directors, in calling the Securities and Exchange Commission (SEC) out for not availing the company with a fair hearing.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to bolster their productivity.

NNPC chief Baru tasks staff on optimum productivity

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to bolster their productivity.

Enugu DisCo frowns at attacks on its operations staff in Aba

Mr Okey Nwosu, the Chief Executive Officer, Enugu Electricity Distribution Company (EEDC), has expressed concern over the incessant attacks on the company’s operational staff members in Aba.
Marylin Amobi

ICPC to prosecute NBET boss Marilyn Amobi for gross abuse of office

The Independent Corrupt Practices Commission, ICPC, is set to prosecute the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET), Dr. Marilyn Amobi, for alleged gross abuse of office.

GMoU: Chevron seeks more stakeholders’ support

Chevron Nigeria Limited (CNL) on Friday sought for more stakeholders’ support to the implementation of Global Memorandum of Understanding (GMoU) in its host communities in Ekeremor Local Government Area of Bayelsa.

Report: Nigeria’s oil revenue hits N85 trillion in five years

Nigeria earned about N85 trillion, or $236.2 billion from oil between 2014 and 2018, the 54th edition of Annual Statistical Bulletin by the Organisation of Petroleum Exporting Countries (OPEC), has revealed.
Power

Power: Ondo community seals deal with IPP

Residents of Aboto community in Ilaje Local Government Area of Ondo State have sealed an agreement with R.R. Reynolds, an Independent Power Provider (IPP) on billing terms and prompt payment.

Katsina gets joint security task force to protect power installations

Kano Electricity Distribution Company (KEDCO) has launched a Joint Task Force (JTF) for its Katsina State zonal office to safeguard electricity installations and other equipment in the area from vandals.
Rivers State Governor, Nyesom Wike, has recalled the 12 suspended Local Government Council Chairmen.

Governor Wike warns against shutting down oil production facilities

Rivers State Governor Nyesom Wike has warned that the State Government will not tolerate the shutting down of oil production facilities of operating companies in the state.

KEDCO loses N150 million to vandalism

Kano Electricity Distribution Company (KEDCO) said it lost N150 million to vandalism on its facilities in two months in 2016.

British firm seeks $9 billion Nigerian government asset seizure over unpaid gas project arbitration

A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets - some 20% of the oil-rich nation’s foreign reserves - over an aborted gas project.

Recent Stories

The Nigerian Army on Monday dismissed as ‘untrue’ social media reports indicating the closure of the Maiduguri-Monguno Road.

Nigerian Army kills 24 criminals, arrests 61

1 Division Nigerian Army on Wednesday said, it has killed 24 criminal elements during its operation Harbin Kunama III in Kano, Kaduna and Niger states within one month of operation.
Ahmed Idris Wase

Deputy speaker urges workers to make Nass conducive for lawmakers

The Deputy Speaker of the House of Representatives, Mr Idris Wase, has urged workers in the National Assembly to create an enabling working environment for members of the federal parliament.

Itse Sagay: Senators’ monthly pay is N15 million

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked Senate President Ahmed Lawan to stop misleading Nigerians, adding that senators earn N15m monthly and not N750,000 as claimed by the Senate President.

UNODC: 10 million Nigerians use cannabis

The United Nations on Drug and Crime (UNODC) said cannabis is the most widely used drug globally with an estimated 188 million people having used the drug in the previous year.
Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.

WWC: Cameroon’s Augustine Ejangue regrets spitting on England’s Toni Duggan

Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.