Proserve Energy Services Ltd, a local energy firm, has won the concession and construction contract for 750 kilowatts (kw) hybrid solar plant at Power House, Federal Ministry of Power, Works, and Housing in Abuja. The Managing Director/CEO of Proserve, Dr. Abba Ibrahim, disclosed this yesterday when he briefed newsmen about the innovative renewable energy project….
The President, NGA, Mr Dada Thomas, said the government and operators recognised that the first step towards attracting huge gas investments was to provide a legal and regulatory framework that would enable the removal of all the other obstacles. “As we all know, the passed gas policy proposes reforms are so profound that almost every…
Gas supplies to the power sector may run into a hitch following advance notice by indigenous gas producers that the N701 billion Payment Assurance Guarantee by the federal government elapses by December this year. The gas suppliers said the fund which was released by the Central Bank of Nigeria (CBN), to ameliorate liquidity crisis in…
The Federal Government will earn over $20 billion from the mining industry in the next eight years, the Mining Cadre Office Director-General, Mr. Mohammed Amate, has said. He said the government has issued over 6,000 licences to miners, adding that it will leverage the potential in the sector to achieve the goal. In an interview…
Nigeria’s crude oil export appreciated by 17.38 per cent to N7.308 trillion in the first six months of 2018 from N6.226 trillion recorded in the last six months of 2017, according to data obtained from the National Bureau of Statistics (NBS). The NBS, in its Second Quarter 2018 Foreign Trade Statistics, stated that first half…
