MTN Group Ltd says it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio. The Group Chief Executive, Rob Shuter told reporters in a post-earnings conference call on Thursday in Johannesburg that the firm’s three years…
Africans have been called upon to stand together in the global struggle for climate justice. Representatives of Oilwatch Africa from 15 countries, who made the call at the close of a meeting in Port Harcourt, River State on Thursday, August 8, 2019, also want the continent to stand in solidarity with people of the Niger…
A global “gold” standard provides a roadmap for governments and the private sector, offering a straightforward template for recognizing the rights of Indigenous peoples and local communities. It will offer a blueprint to guide public and private sector projects that encourage sustainable economic development while upholding Indigenous rights, said Janene Yazzie, a co-convener of the Indigenous…
The Ibadan Electricity Distribution Company (IBEDC) on Thursday said it had introduced Meter Asset Provider (MAP) scheme to eradicate the regime of estimated billing of customers’ energy consumption. Mr Kola Alege, the IBEDC Business Manager, Omu-Aran Bussiness Hub, stated this in an interview in Omu-Aran, Kwara. Alege said customers seeking pre-paid meters under the scheme…
A team of experts from the Republic of China on Thursday arrived Taraba for site inspection for Mambilla Hydro Power project. Mr Gan Nyon Zee, one of the team members told Gov. Darius Ishaku at a courtesy visit in Jalingo that the team was in the state to inspect the site for the project. Zee, who said Syna-Hydro and…
The Department of Petroleum Resources (DPR) on Thursday sealed 15 filling stations and two gas plants for non compliance with global best practices. Mr Ademola Makinde, DPR’s Operations Controller in Osogbo, disclosed this while speaking with newsmen after the department’s routine surveillance of filling and gas plants in the state. Makinde said the exercise was…
The Executive Operations Director at Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has said the right adoption of contemporary technologies like Artificial Intelligence (AI), big data and mobile technology will not only drive planning and forecast in the Nigerian oil industry, but will help in addressing like risks associated with the business. The Seplat…
The Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has fully commenced the roll out of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network. In the first phase, which culminated at the end of July, metering was restricted to only customers in Ikorodu, Abule-Egba and Shomolu Business Units….
Mr Kunle Olubiyo, the President, Nigerian Consumer Protection Network, has condemned the alleged scam in the distribution of prepaid electricity meters in some parts of Abuja. Olubiyo made the condemnation in a statement issued and made available to newsmen on Friday in Abuja. He berated a situation where customers were made to foot bills which…
The Chairman of ExxonMobil companies in Nigeria, Mr Paul McGrath, has expressed confidence and optimism in the Nigerian petroleum industry with the appointment of Malam Mele Kyari as the new Group Managing Director of NNPC. McGrath, in a statement on Friday by Mr Ndu Ughamadu, the spokesman for the corporation, said this when he visited…
