Oil prices edged higher on the last trading day of the year on Monday, taking a cue from firmer stock markets, but remain on track for the first yearly decline in three years amid concerns of a supply glut. Also, hints of progress on a possible U.S.-China trade deal helped bolster sentiment, which has been…
The Benin Electricity Distribution Company, BEDC, during the festive period restored electricity to the ‘Eka Meta” communities of Ekiti state comprising of Erinijiyan, Ipoleloro, Ikogosi. The three communities are at the end of Ilawe/Aramoko feeder with very unreliable supply for several years. However, the supply source of the community was changed whilst the feeder and entire network was…
The petroleum products importation statistics for third quarter, Q3, 2018 reflected that Nigeria imported a little over 4 billion litres of premium motor spirits, PMS, popularly known as petrol, within the quarter. According to the newly-released data by the National Bureau of Statistics, NBS, a total of 4.37 litres of petrol was imported, likewise 873.72 million…
Kaduna Electricity Distribution Company has commenced knowledge sharing campaigns through formation of Energy Conservation Clubs in secondary schools within its franchise. The exercise is aimed at inculcating energy efficiency values and safety culture among young minds. A statement by the Head, Corporate Communication of the Company, Abdulazeez Abdullahi, stated that the Energy Conservation Clubs are established “to…
Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production together with OPEC. The price is still set for its biggest monthly fall since the depths of the financial crisis in 2008, having lost more than 22 percent so far in November. A seemingly relentless rise…
The Consumer Protection Council, CPC has condemned arbitrary billing by the electricity distribution companies, DISCOs, urging them to embark on an aggressive metering system to curb estimated billings. Mr. Babatunde Irukere, the Director General of CPC gave the advised in a statement on Wednesday. Irukere, while expressing understanding about challenges in the industry, said DisCos have…
Chevron Nigeria Limited has unveiled plans to deworm 45,000 children in Delta state this year. The General Manager, Policy Government, and Public Affairs, PGPA, disclosed this in Warri, Delta state at a ceremony to flag off the exercise for school children. He said Chevron focused on deworming children because of the effect of worm infestation,…
Eko Electricity Distribution Company, EKEDC, has cried out over the refusal of more than 70, 000 of its customers to recharge their prepaid meters in the last one year. The company’s Chief Executive Officer, Mr. Adeoye Fadeyibi, raised the alarm in a statement on Thursday. According to him, in spite of EKEDC’s effort in ensuring effective…
The management of the Nigerian National Petroleum Corporation, NNPC, has clarified that the corporation has neither 70,000 staff members in its employ nor is it embarking on a staff performance probe. The clarification is sequel to reports in a section of the media to the effect that NNPC has a staff strength of over 70,000…
In December 2017, the Chief Executive of Samsung Heavy Industries, SHI, Park Dae-young resigned from the world third largest shipbuilder. Dae-young threw in the towel following financial losses that cost the company about a third of its market capitalization. The CEO appeared left with no choice as SHI under his watch according to Financial Times,…
