The N701billion-payment assurance guarantee Power Sector Recovery Programme (PSRP), is consistent with Section 76(2)(b) of the Law, which seeks to ensure that producers of power recovered their investment and some profit, the Minister of Power, Works and Housing, Babatunde Fashola has said.

The National Engineering and Technical Company Limited (NETCO), has recorded a profit after tax of N5.1billion for 2015 and 2016 financial years.The breakdown showed that N1.4billion was recorded for 2015, while N3.7billion was recorded for 2016.

Public and private sector players in the Nigerian oil and gas industry have described the annual Global Nigeria Forum (GNF), as a model worthy of emulation by Nigeria’s local content regulator.

United Kingdom (U.K.), China, and Togo, increased their import of crude oil from Nigeria in the month of May 2017, according to import destination report of the Nigerian National Petroleum Corporation (NNPC).

The Minister of Power, Works and Housing, Babatunde Raji Fashola, has tasked transmission substations in Nigeria on regular maintenance of their equipment.

Residents of Usen community in Egor Local Government Area of Edo State will soon begin to enjoy improved power supply, as the Benin Electricity Distribution Plc...

United Capital Plc has said Nigeria will require 180,000 megawatts (mw) of electricity to meet the need of household and businesses.

With the launch of the first solar-powered service station, in Onigbagbo, Lagos on June 12, 2014, Total Nigeria Plc became the pioneer of solar services in West Africa.

Aiteo Group, an indigenous Nigerian oil firm, has decried what it described as cowardly campaign clandestinely contrived and executed by a number of entities to tarnish its reputation an

Ibe Kachikwu, said the Federal Government has resorted to the use of local security contractors, who have lot of synergies with the communities, to achieve effective protection and monitory of the facilities.

According to the Head, Public Affairs of DPR, Paul Osu, the project will automate the administrative role of issuing import and export permits for petroleum products.

The initiative, The PV Solar Incubator, tagged: “Your Project, Our Expertise, For a Sustainable Future,” will be held in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting, and Solarplaza,.