The Nigeria Electricity Regulatory Commission NERC ) has barred the Electricity Distribution Companies (DisCos ) from disparaging the Minister of Power, Works and Housing, Babatunde Fashola. In a communique issued after a meeting with the DisCos, it was agreed that the Legal Counsel of the Electricity Distribution Companies representing ANED, should never in whatsoever way interfere…
US LNG exporter Cheniere has secured an approval from the Federal Energy Regulatory Commission to introduce feed gas for the commissioning of the fifth train at the Sabine Pass facility in Louisiana. In a letter order dated September 6, FERC said that request from Sabine Pass Liquefaction and Sabine Pass LNG to introduce feed gas for the…
Plans are in top gear for the commencement of the training of Ogoni women in various aspects of agricultural business, as part of efforts for the restoration of livelihoods of the people of Ogoni, as recommended by the United Nations Environment Programme, UNEP. In this regard, the Hydrocarbon Pollution and Remediation Project, HYPREP, the Federal…
Electricity distribution companies or Discos have been ordered by the Nigerian Electricity Regulatory Commission, NERC, to refund money collected from unmetered customers under the scrapped Credit Advanced Payment for Metering Implementation, CAPMI. The order was given in a communique issued at the end of a meeting held with Discos last week. According to the communique…
The Lagos Deep Offshore Logistics Base, LADOL, says it is now focused on working with the government and the private sector companies in Nigeria to create more jobs after handling the integration work on the multi-dollar Egina Floating Production Storage and Offloading (FPSO) vessel. It is also working toward the creation of an enabling environment for policies…
The newly established national carrier, Nigeria Air Limited, will be financed through a mix of government budgetary provision, private equity debt arrangement and finance syndication from a consortium of regional and international banks, PREMIUM TIMES has learnt. The Infrastructure Concession Regulatory Commission (ICRC), the government agency handling the process towards the airline’s establishment, disclosed in…
Until inter-modal transport system is developed in Nigeria, the path to sustainable development will remain a mirage, Hassan Bello, executive secretary of Nigerian Shippers Council, has said. “Unless we address transport sector infrastructure deficit, we won’t move. Once we get the rail right, it’ll be a game changer. So also is the road, sea, and…
The Nigerian National Petroleum Corporation (NNPC) has received the assurance of China National Petroleum Corporation (CNPC) that it was committed to helping it secure up to 85 per cent of $2.8 billion it requires to build the Ajaokuta-Kaduna-Kano (AKK) pipeline project, a statement from the corporation yesterday disclosed. This is coming as ExxonMobil yesterday…
The News Agency of Nigeria reports that the signing of the MoU was witnessed by President Muhammadu Buhari and his Nigerien counterpart Mahammadou Issoufou at the new Banquet Hall, Aso Rock, Abuja. Nigeria and Republic of Niger on Tuesday in Abuja signed Memoranda of Understanding on the construction of two billion dollars Hydrocarbon Pipeline and…
Environmental concerns have made the use of natural gas very attractive. Surging electricity demand is also one of the major drivers of increased consumption of natural gas (Gas-toPower). Globally, natural gas utilization for electric power generation is expected to increase more than 25% faster than fuel use of all types over the next 10 years….
