Business news
Fidelia Okafor The appointment of Mr. Esimaje Brikinn to the position of General Manager, Policy, Government and Public Affairs (PGPA) has been announced by Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV). Mr. Brikinn replaces Mr. Deji Haastrup, who recently retired from […]
Fidelia Okafor Chevron has indicated commitment to key into federal governments master plan. As a way of curbing incessant militants attack on oil infrastructure, the company said that it will give priority to enhancement of human capital development. Regular attack on oil pipeline operated by foreign oil firms in the Niger Delta region by militants […]
Fidelia Okafor. In terms of electricity, the nation continues to plunge further in despair as power generation from its largest power station at Egbin dropped to a record low of 172 megawatts yesterday from 1,085 megawatts. According to Punch, out of the nation’s 26 power plants, eight were left idle on Tuesday including the Olorunsogo […]
Fidelia Okafor. On Tuesday, the House of Representatives entertained a motion moved by Rep. Abubakar Fulata titled ‘Urgent Need to Review the Petroleum Price Template’. The motion urged the Petroleum Products Prices Regulatory Agency (PPPRA) to re-examine the present price of Premium Motor Spirit (PMS) and consider reducing the price to 70 naira. Considering rumours […]
Fidelia Okafor CWC Group, the organisers of the 16th edition of Nigeria Oil and Gas Conference and Exhibition (NOG) in Abuja has revealed that the Minister of State for Petroleum Resources, Ibe Kachikwu will deliver the official ministerial address. According to some oil and gas industry players, the Minister’s participation at the event is highly […]
Fidelia Okafor The bid process for the sale and purchase of Nigerian crude oil grades, would be concluded by February 2017. The Nigerian National Petroleum Corporation, NNPC, gave this assurance at the opening of the bid in Abuja. At the opening, 224 companies showed significant interest to trade about 700,000 barrels per day of various […]
Fidelia Okafor. To further boost its ongoing metering initiative, the Eko Electricity Distribution Company has entered into agreement with Huawe to facilitate the installation of prepaid meters within its network. Eko DISCO under its metering plan is expected to deploy 600,000 meters to its customers. To mark the end of the MoU deal with the […]
Fidelia Okafor. The Nigerian National Petroleum Corporation, NNPC, is exploring the possibility of piping crude oil from Niger Republic for refining in Kaduna. The Group Managing Director (GMD), Dr Maikanti Baru made the statement when he paid a courtesy visit on Governor Nasiru El-Rufa’i in Kaduna. He said that it was important to explore alternative […]
Fidelia Okafor Minister of power, works and housing, Babatunde Fashola has seriously objected to the debt owed Discos by government Ministries,Departments and Agencies, MDAs. He made the objection at the Association of Electricity Distributing Companies gathering. He said although the constitution allows freedom of association, however, the privatisation, that resulted in the transfer of the […]
Fidelia Okafor The power equipment detained by terminal operators and Shipping Companies over unsettled port charges has been taken delivery of by the Transmission Company of Nigeria, TCN. Over 700 containers with key power components are affected and have been detained in the last 8 years. A six man committee set up in March this […]