The Nigerian National Petroleum Corporation (NNPC) says it is ready to collaborate with the African Export and Import Bank (AFREXIMBANK) and other financial institutions willing to finance its critical projects. NNPC Group Managing Director Malam Mele Kyari disclosed this in Abuja, on Tuesday while receiving a delegation from AFREXIMBANK led by its vice president Mr…
The Department of Petroleum Resources (DPR) has warned filing stations against hoarding of petrol and selling above official price in Osun. DPR’s Operations Controller in Osogbo, Mr Ademola Makinde, gave the warning during a visit by the management team of the department to the palace of Oba Akinola Akinrera, in Ifetedo, Osun. Makinde, who noted…
Exxon Mobil will invest more than 500 million dollars in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique, the U.S. energy company said on Tuesday. Exxon head of power and gas marketing Peter Clarke made this known at the signing ceremony for the project in Maputo. Clarke said the construction…
A leading Electricity Distribution Company, Ikeja Electric Plc, has joined the global community to mark the Customer Service Week, while reassuring customers of improved experience and commitment to providing exceptional service delivery, In a statement signed by the Managing Director/Chief Executive Officer, Dr. Anthony Youdeowei, the Ikeja Electric brand is driven by an endless desire…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations on Monday released an average of 3,485 MegaWatts/Hour of electricity into the national grid. This is according to a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Tuesday. The report said that…
L-R: General Manager, Business and Government Relations of Shell Nigeria, Bashir Bello; Group Managing Director, Nigeria National Petroleum Corporation, Mele Kolo Kyari; Managing Director, Shell Nigeria Gas, Ed Ubong; and Shell Nigeria’s Commercial Integration Manager, Taaj Shobayo, at the Rethinking the Future of Extractives session of the Nigeria Economic Summit in Abuja… on Tuesday
The House of Representatives has called on major oil companies in Nigeria to ensure the remittance of their contributions to the Nigeria Social Insurance Trust Fund (NSITF) to avoid legal action against them. The Ad-hoc Committee investigating Non-Remittance of Contributions into NSITF by the Three Tiers of Government, their Parastatals, Public Corporations and Companies from…
The Nigeria Extractive Industries Transparency Initiative (NEITI), says metering infrastructure of the oil and gas sector is the only way to ensure accurate measurements of daily crude oil production in the country. Mr Waziri Adio, Executive Secretary, NEITI, made this known in Abuja, on Monday at a strategy meeting and presentation of report on metering…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,238 MegaWatts/Hour of electricity into the national grid on Sunday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President and obtained in Abuja on Monday. The report said that the electricity sent out by…
The Enugu Electricity Distribution Company (EEDC) on Monday assured its customers in the South-East of steady power supply. The Chief Operating Officer of EEDC, Mr Maruthi Kumar gave the assurance while speaking in Enugu. According to him, the company has resolved to continue to invest in vital distribution infrastructure. Kumar spoke on the sideline of…
