In order for customers to get a more transparent and accurate bill, Ikeja Electric Plc has signed a N570 million Memorandum of Understanding (MoU) with an indigenous meter manufacturing company, Mojec International Limited for the supply of Distribution Transformer (DT) Meters.
TCN raises N474.3b for transmission upgrade
Transmission Company of Nigeria (TCN) has raised $1.55 billion (N474.3 billion) from multi-lateral donor agencies for the purpose of building capacity in line with its planned transmission, rehabilitation and expansion programme in Nigeria.
Incessant outages blamed on N322billion debt
The inability of Distribution Companies (DISCO’s) to remit money collected to the Market Operators (MOs) and Nigeria Bulk Electricity Trading Plc. (NBET) is hindering stable power supply in the country, a former President of the Nigerian Society of Engineers (NSE), Mustapha Shehu has said.
Don bemoans non-adherence to ethical standards in advertising
A professor of Public Relations and Advertising, Rotimi Williams Olatunji, has raised concerns on the existing lack of commitment to the highest ethical standards in advertising and public relations’ codes as well as regulatory frameworks.
Government rules out possibility of building new refineries
The Federal Government has ruled out the possibility of building new refineries to compliment the four existing ones in Nigeria.The Minister of State for Petroleum Resources, Ibe Kachikwu, who made this known in an online media chart with journalists .....
NPDC’s asset portfolio to hit $5b by 2022
Nigerian Petroleum Development Corporation Limited, (NPDC), has unveiled plans to increase asset portfolio from the current $3 billion to $5 billion by 2022.
Eterna Oil spends N3billion on lubricant plant in Nigeria
Eterna Oil Plc has built a N3 billion a 15,000 metric tonne capacity state-of-the-art lubricant manufacturing plant in Nigeria.The Managing Director of the company, Mahmud Tukur made this known to journalists in Lagos during the launch of Castrol lubricant oil.
DPR charges oil, gas laboratory practitioners on quality
The Department of Petroleum Resources (DPR) has charged laboratory operators in the oil and gas industry on quality, saying reports and data emanating from their operations are used for policy guides and decision-making.
NLNG engages local contractors in building $1.6 billion vessels
Nigerian Liquefied Natural Gas (NLNG) has engaged to local contractors to paint, supply cables and carpentry works required to build $1.6 billion ships.
Kyoto Protocol backs Pan Ocean Corporation gas reduction strategy
The Chairman, Pan Ocean Oil Corporation, an indigenous oil and gas company, and operator of the project, Festus Fadeyi, said it is the largest CDM project in Africa, and when at...
Discos suffer yearly capex shortfall of N71.2b
The Federal Government, which made this disclosure in the Power Sector Recovery Programme (PSRP), said the DisCos face many challenges and constraints in terms of accessing funding capex.