Abuja-based not-for-profit organisation, the Women Environmental Programme (WEP), is partnering with Trees for Cities (TfC), a UK charity, to plant 2,000 trees across three northern states of Nigeria, as well as the Federal Capital Territory (FCT). The states include Benue, Katsina and Kano. The planting of the trees began on Thursday, October 25, 2018 and…
The Nigerian National Petroleum Corporation (NNPC) says it has made N7.15 billion as trading surplus in the month of June, lower than N18.12 billion made in May. The Corporation disclosed this on its June edition of the Monthly Financial Report made available , on Tuesday in Abuja. “This 35th edition of the report indicated a…
Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its results for the nine months ended 30 September 2018. Commenting on the results Austin Avuru, Seplat’s Chief Executive Officer, said: “Seplat has continued to…
Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicolas Terraz, has bemoaned the fact that not up to 50% of electricity produced in Nigeria is monetised. Terraz said this at a panel session at the just concluded Nigerian Gas Association (NGA), International Conference and Exhibition in Abuja. He said: “You cannot talk about…
A new report by GlobalData, a data and analytics company has said that efforts by Nigeria to revive its ailing refineries alongside other upcoming private refinery projects will place the country second in global refining capacity after China. The report said Nigeria is planning a massive refinery expansion to meet growing domestic demand for petroleum…
To conduct an unbiased final periodic review of the performance of the privatised electricity Distribution Companies (DisCos), by December 31, 2019, the National Union of Electricity Employees (NUEE), has asked that the Bureau of Public Enterprises (BPE), be excluded from being part of the process. The union, which argued that a player cannot be a…
The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, has said Nigeria is open for business for genuine Chinese investors in the mining sector. The minister said this in his address titled: “Nigeria’s Solid Minerals Sector: A New Haven for investors,” at the recent third Sino-Nigeria Mining roadshow, during the 2018 China Congress…
The Chief Executive Officer of Axxela Limited, Bolaji Osunsanya has tasked stakeholders in the nation’s gas sector to find lasting solutions to the challenges besetting the industry. He gave the challenge Axxela’s in his keynote address titled “Actualising Gas Infrastructure Development; Untangling the Bottlenecks”, delivered at the recent Nigerian Gas Association conference and exhibition in…
Welcome. We are hoping to have an increased regional trade integrations among African countries and to drive the index from a paltry 15% to somewhere between 25 and 50%, which is close to our European (68%) and Asian neighbours (53%). With or without the AfCFTA, we need to achieve this in the nearest future for…
The Management of Port Harcourt Electricity Distribution Company, PHED, has set aside two days in a month across all the Integrated Business Centres, in Akwa Ibom, Bayelsa, Cross river and Rivers states for special reconciliation of customers’ accounts with billing related issues. PHED in a statement by the Manager, Corporate Communications, John Onyi, said that…
