A unit of Bidvest Group, South Africa’s Bidvest Tank Terminals (BTT), and liquefied petroleum gas (LPG) firm Petredec, unveiled the construction of a $70 million LPG import and storage facility in Richards Bay, north of Durban. In a joint statement, BTT and Petredec said the 22,600 tonne facility will significantly increase the supply of LPG to South Africa…
Vice President Dr Mahamudu Bawumia, has urged the investor community in the United Kingdom to explore the many business opportunities available in Ghana. He further persuaded them to set up businesses in the strategically positioned West African country, especially as the Nana Akufo-Addo government works towards achieving a Ghana beyond Aid whilst UK explores…
The two key crude oil benchmarks settled lower Monday amid fears of a potential supply glut. A barrel of West Texas Intermediate (WTI) crude oil for December delivery lost 55 cents Monday to settle at $67.04. The light crude benchmark traded within a range from $66.67 to $67.95. The December Brent futures price posted a…
Dangote Cement Plc (DCP) sustainability teams from Obajana, Ibese and Gboko cement plants have embarked on social investment programmes directed towards health care, education, and environmental sanitation in their host communities during the company’s sustainability week, 2018. The Sustainability Week spanned five days, simultaneously held across Africa. In Lagos, where the Dangote Group is headquartered,…
Ismail Ahmed, Senior Special Assistant to President Muhammadu Buhari on N-SIP, disclosed this at the opening of the training on Tuesday in Akure. The Federal Government says it is training no fewer than 1,500 independent monitors for various National Social Investment Programmes across 17 states in the southern part of the country. Ismail Ahmed, Senior…
Electricity generation companies in the country have said their power plants are being forced to operate below their optimal capacity levels. The nation’s total power generation has been hovering between 3,000 megawatts and 3,500MW in recent months. It stood at 3,741.30MW as of 6am on Sunday, according to the Nigeria Electricity System Operator. The Executive…
Vice President, Prof. Yemi Osinbajo has said the federal government would provide off-grid electricity to power business clusters across the country to support them to create jobs and wealth. The vice president stated this, yesterday, as he inaugurated a 1.5 megawatts (MW) independent mini grid power supply system to provide electricity at Sura Shopping Complex…
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at the weekend said two modular refineries would be commissioned in Delta and Rivers states in December. Speaking at the 2018 graduation of the Petroleum Training Institute (PTI) Effurun, he added that government had issued licences for 38 of the facilities currently at different stages…
The cost of renewable energy sources like wind and solar continue to fall drastically, and it is only a matter of time before they are cheaper than fossil fuels. The International Renewable Energy Agency (IRENA) believes that’ll happen by 2020 based on their new report. Prices could be as low as three cents per kilowatt-hour…
Dr. Wiebe Boer, the Chief Executive Officer of All On, an off-grid energy investment company which is focused on the Nigerian market and set up and funded by Shell, in a recent interview noted that the electricity distribution companies (Discos) may end up like NITEL if they don’t invest in technologies and customer engagement. On…
