Africa Data Centres and DPA Southern Africa Break Ground on Solar Farm in Free State Africa Data Centres, in partnership with DPA Southern Africa, has initiated the construction of a solar farm in the Free State region, marking a significant step towards renewable energy adoption in South Africa’s data centre industry. The groundbreaking ceremony, which…
NNPC CEO Highlights Gas’s Vital Role in Driving Economic Growth and Industrial Progress Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has emphasized the pivotal role of natural gas in propelling economic growth and industrial development in Nigeria. Speaking at the public presentation of the book…
Dangote Cement Declares N511 Billion Dividend for FY 2023 Shareholders of Dangote Cement Plc are set to receive a dividend payout of N511.215 billion for the financial year ended December 2023, translating to a reward of N30.00 for each share held. The board of directors of Dangote Cement Plc, leveraging the authority vested in it…
Axxela Receives Integrated Management System (IMS) Recertification. Axxela Gets Recertification for ISO Integrated Management System (IMS) Axxela Limited, the pioneer private sector natural gas distribution and power development company, proudly announces the successful recertification of its Integrated Management System (IMS) comprising ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 for Portfolio Development of Gas and Power…
Nigeria’s Electricity Tariff Hike and Fear for Economic Sustainability Nigeria’s economy has been struggling. In February, the headline inflation rate rose to 31.70 percent, representing an increase of 1.80 points when compared to 29.90 percent recorded in January, according the National Bureau of Statistics (NBS). On a year-on-year basis, the headline inflation rate was 9.79…
NSCDC Takes Down Illegal Oil Bunkering Operation in Abia In a significant crackdown on illegal oil bunkering activities, the Nigerian Security and Civil Defence Corps (NSCDC) has successfully dismantled an illicit operation and confiscated two local Cotonou boats containing 9,000 litres of illegally refined Automotive Gas Oil (AGO) in the vicinity of Inhandu Community, Ukwa…
Electricity: Metering will enhance investment, growth in power sector — De-Haryor boss The Chief Executive Officer, De-Haryor Global Services Limited, Engr. Ashade Olatunbosum, said increased metering of households, businesses and other customers would enhance investment and growth in Nigeria’s power sector. The federal government has through many interventions in the power sector encouraged the supply…
Sifax Group Unveils Plans for $20 Million Truck Park at Lekki Port In a bid to streamline truck movement within and around the Lekki Port corridor, the Sifax Group has revealed its intentions to construct a state-of-the-art $20 million Truck Park. This initiative aims to alleviate congestion and enhance efficiency in port operations. The group…
Navy Discovers Illegal Refinery with 9.6 Million Litres Capacity in Rivers State The Nigerian Navy Ship, NNS Pathfinder, has uncovered and dismantled 16 illegal refineries capable of refining 9.6 million litres of crude oil in the Elem-krakama community of Degema Local Government Area, Rivers State. During the operation, 14 suspects, including a woman, were apprehended…
Transcorp Power Announces N3.13 Dividend, Sees 75% Surge in Profit Transcorp Power Plc, a key subsidiary of Nigeria’s prominent conglomerate, Transnational Corporation Plc, has unveiled its audited financial statements for the fiscal year ending December 31, 2023. The company recorded robust gross earnings of N142.1 billion over the 12-month period, marking a substantial increase of…
