Nigeria’s oil exports will reach their highest in six months in November, led in part by an increase in supply of the country’s four largest crude grades, according to loading programmes. Total loadings of Nigerian crude will rise to 1.876 million barrels per day in November, from October’s 1.652 million bpd. November’s will be the…
There are indications that the rift between Lagos Deep Offshore Logistics Base, LADOL and Samsung Heavy Industries, SHI, may be resolved in future as LADOL, the operator of the Lagos free trade zone, yesterday allowed SHI to return to its dockyard. Recall that Samsung was banished from the Lagos-based dockyard since September 2, 2018 by…
About 19 companies have indicated interest to acquire Afam Power Company and Yola Power Distribution Company (YPDC) recently put up for sale by the federal government. The Bureau of Pubic Enterprises (BPE) spokesperson, Amina Tukur, said at the close of the submission of bids for the Expression of Interest (EOIs) for the two power companies,…
The Federal Government on Wednesday disclosed plans to unveil the first modular refinery in the country in the first week of November. The refinery, owned by Niger Delta Petroleum Resources, in Ogbele, Rivers State, is expected to refine 10,000 barrels of crude oil daily. The Senior Special Assistant to the President on Niger Delta, Mr…
Among the major challenges of any manufacturer is keeping costs to the barest minimum and especially ranging from cost of diesel and unnecessary expenses through sharp practices. IT solution and software development company, Concept Nova, says its IT solutions can help eliminate such losses. Speaking in Lagos during the launching of some its products and…
The Nigeria Off-grid Market Acceleration Programme (NoMAP), a market building programme jointly supported by the Shell Foundation and USAID was unveiled to off-grid energy stakeholders in Lagos. The public presentation of the programme took place as part of the quarterly Off-Grid Stakeholders Coordination Meeting and it held at the Enterprise Development Center (EDC) of the…
Energy major Eni SpA and the United Nations Development Programme (UNDP) are joining forces to improve access to sustainable energy and help achieve the Sustainable Development Goals (SDGs) in Africa. The partnership is the first of its kind between UNDP and a global energy company. The Memorandum of Understanding (MoU) was signed by Eni Chief…
The Managing Director of the Nigerian Electricity Management Services Agency, NEMSA, Engr. Peter Ewesor has, once again, announced the Federal Government’s commitment towards demolishing all structures built around the Right of Way (RoW) of high tension electricity cables throughout the country. While inaugurating 70 NEMSA engineers at a capacity building event in Abuja recently, Ewesor…
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts. He stated this in Abuja yesterday at the 2018 engineering conference organised by the Nigerian Institution of Civil Engineers (NICE) Abuja chapter with…
… Says FG is Addressing the NLC Planned Industrial Action The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Dr….
