China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China has said. Trade links between the Asian economic powerhouse and African nations like Kenya and Nigeria have been growing…
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said that the investment drive that the government has embarked upon will attract over $3billion investments into refineries in the country. This was contained in the 8th podcast that he released to the social media on Wednesday with special focus on the “country’s…
Mikano International, a recognized solution provider in Nigeria, has signed a partnership agreement with the renowned German power generator firm company, MTU Onsite Energy to deliver a more reliable Independent Power Plant Gas project in higher engines capacities delivering over 450 megawatts for industrial use in Nigeria. Mikano’s sales director, Mr Loukman Jouni, who spoke…
An international organization, Power for All, which is campaigning for the provision of electricity in many African countries, has said that no fewer than 93 million Nigerians lacked access to electricity. Speaking during a workshop on ways of scaling up energy access to the rural and urban communities in Nigeria that had no power supply,…
Operatives of the Nigerian Security and Civil Defence Corps (NSCDC) have foiled a plan to break Warri-Kaduna crude oil pipeline. The Kaduna State Command of the corps disclosed this to newsmen in Kaduna on Tuesday, saying that, the suspected vandals were at large, but an oil tanker and other items were recovered at the scene…
THE Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, Engr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, and Mr. Udom Inoyo, Executive Vice Chairman, ExxonMobil, Nigeria, and several others are set for the 3rd Africa Oil & Gas Talent Summit in Lagos, Nigeria. Mr. Emmanuel Emielu, Summit Director, AOGS…
The $1 billion debt hanging on Nigeria’s downstream sector operators has dipped the credit rating of oil marketers with banks. The fuel importers, it was gathered, have renewed pressure on the Federal Government, which has held back over N650 billion as subsidy payment and taxes of the debts they incurred from banks. Banks have since…
The Department of Petroleum Resources (DPR) in Niger State has sought the technical advice from a “standard laboratory” in Kaduna over the contamination of water sources in three communities in Takogi ward in Doko area of Lavun Local Government of Niger State. Samples of the water taken from hand dug wells, boreholes and stream were…
As the outcry from electricity consumers over ‘crazy’ bills continues to rage almost five years after the privatisation of the power sector, the Nigerian Electricity Regulatory Commission is considering putting limits on estimated billing. NERC noted that the issue of estimated billing had continued to constitute a major source of complaint by customers of all…
The Federal High Court in Abuja has granted leave permitting a civil society group, Kingdom Rights Foundation International, to commence a suit which centres on allegations of money laundering, operation of a foreign bank account, corruption and assets declaration irregularities against the Minister of State for Petroleum Resources, Dr Ibe Kachikwu. An enrolled order of…
