More hurdles to attaining regular electricity supply in Nigeria
Nigeria has about 11,165 Mega Watts (MW) of electricity generating capacity, out of which only about 25 per cent is available and operational due to gas constraints.Again, about seven per cent of the generated electricity is lost across the transmission network.
Nigeria’s energy import hits N861.67 billion in first quarter 2018
The Nigeria’s oil, gas, solid minerals and energy sectors recorded over N861.67 billion worth of products importation during the first quarter of 2018, according to the latest foreign trade statistics from the National Bureau of Statistics.
FBNQuest ‘The New African Horizon’ at the 2018 oil and gas Africa assembly
“Financing oil and gas in a cyclical industry means that a long term view on the underlying growth prospects of the recipient or project is necessary. Risk mitigation is about understanding the bankability of the project as much as it is about appetite”, stated Rolake Akinkugbe-Filani, Head of Energy and Natural Resources at FBNQuest Merchant…
Ezekwesili, ex-DRP boss seek legal status for Excess Crude Account
Former Minister of Education, Mrs Obiageli Ezekwesili and former Director of Department of Petroleum Resources, Olsten Olorunsola have urged the National Assembly to legalise the Excess Crude Account to prevent wastage of oil earnings.
Total opens 100 new outlets, pledges sustainable service delivery
The management of Total Nigeria Plc. says it has opened 100 new outlets nationwide in the last couple of years to serve customers better in line with its mission to give its clients the very best of service delivery.
Electricity metering school opens in Ogun
The Nigerian Society of Engineer has commissioned Momas Metering School, established by Momas Electricity Meters Manufacturing Company Limited (MEMMCOL).
NNPC plans strategies to stay in business
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as…
ROSATOM underscores need for nuclear power to tackle erratic electricity supply
Nuclear energy development has been proffered as a sustainable and eco-friendly solution to Nigeria’s perennial electricity shortfall.
Schneider Electric unveils products, rewards performing partners
Schneider Electric, global specialist in energy management, software and automation, has unveiled a new range of cable management systems customised for new and modern buildings.