Nestlé and Ashoka on Tuesday announced the commencement of a social investment accelerator programme that seeks to advance social entrepreneurship and boost economic development in Africa. As part of the programme, 12 social entrepreneurs from Ghana, Benin, Egypt, Kenya, Uganda and South Africa would have the opportunity to learn new tools and methodologies to help…
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…
Emmanuel Ugwu in Umuahia As the death toll in the recent pipeline explosion in Abia State hits 150, Senator Theodore Orji, has called on the Nigerian National Petroleum Corporation (NNPC) to hasten up and repair all its leaking pipelines to halt further avoidable deaths. He made the call at the weekend when he visited Umuimo…
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will exceed $3.85 billion initial estimate by the Minister of State for Petroleum Resources, Dr. Ibe…
Tullow Ghana Limited, operators of Jubilee and TEN Oil Fields has been sharing highlights of their contribution to the growth of the Ghanaian economy. Since its operation in 2006 in Ghana, in offshore oil exploration and production, the company has made tremendous impact in support the country’s fiscal and economic growth. Director of External Affairs…
The Bureau of Public Enterprises (BPE) has announced December 31, 2019 as the final performance review date of 10 of the 11 electricity distribution companies (Discos) in the country, with the exception of Kaduna Disco. The BPE Director General, Mr. Alex Okoh, who made the disclosure in a press statement, said the relevant agencies of…
Ghana’s President Nana Addo Dankwa Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round on Monday, October 15, 2018 in Accra. The purpose of the licensing round is to enable the government of Ghana to transparently invite, negotiate and enter into petroleum agreements with competent and capable companies, who will explore…
The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country. Mr Anthony Chiejina, the Group Head, Media Communications, Dangote Group said this in a statement made available to…
As part of the efforts to restore the confidence of foreign investors in Nigeria’s free zones, the Nigerian Export Processing Zones Authority (NEPZA) has set up a committee to probe into the dispute between the Lagos Deep Offshore Logistics Base (LADOL) and its foreign partner, Samsung Heavy Industries (SHI). It was gathered that the committee…
The Federal Government should try and deepen activities in the downstream sub-sector of the nation’s petroleum industry by creating a more conducive environment and infrastructure for operators, especially marketers, Vice Chairman, Southwest chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Debo Ahmed, has said. The development, Alhaji Ahmed said, became necessary in…
