energy sector
2 Nov
The Federal Government of Nigeria has confirmed its readiness to host the headquarters of the Africa Energy Bank (AEB), following the country’s successful bid in July 2024. Preparations are well underway to ensure a seamless operational launch of the Bank in the first quarter of 2025, marking a significant milestone in Africa’s energy sector development.…
16 Oct
Experts in the energy sector have stressed that enhanced investment is crucial to the growth of the Nigerian oil and gas industry. They spoke during the Kenna Partners Energy Dialogue held in Lagos at the weekend.
21 Sep
Kano State government is partnering Tony Blair Institute (TBI) for global change to attract $23.5m worth of investment and wealth creation in energy sector.
4 Sep
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has expressed great excitement over the commencement of premium motor spirit (PMS) production by Dangote Refinery. The refinery, which is set to revolutionise Nigeria's petroleum industry, began producing petrol this week. Aliko Dangote, the Executive Chairman and CEO of Dangote Refinery, announced at a press…
31 Jul
In its truest sense, the economic concept of capitalism is the rational functionality of basic laws of demand and supply to determine the prices, and consequential allocation of goods and services, in free markets, with the overriding objective of profit maximisation.
9 Apr 2024
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and the Minister of State for Petroleum (Gas) Ekperikpe Ekpo are to speak at the 23rd yearly NOG Energy Week 2024 following the Executive Order by President Bola Ahmed Tinubu on government’s strategies in strengthening the country’s energy sector.
26 Mar 2024
Tetracore Energy Group celebrated with its inaugural Graduate Management Trainee Class of 2023 as 12 exceptional graduates who had undergone rigorous training over the past months completed their training. The inaugural Graduate Management Trainee program commenced on the 25th September, with a grand inauguration ceremony held at the prestigious Tetracore headquarters in Lagos. The program…
8 Mar 2024
The Chief Executive Officer, Coleman Wires and Cables, West Africa’s largest cable manufacturer, George Onafowokan, has attributed the success of the brand to a commitment to standardization, adherence to rules, and a focus on maintaining high standards of quality. He made this known while speaking at the Nigeria International Energy Summit (NIES) 2024, held in…
7 Mar 2024
Mainstream Energy Solutions Limited and the Northeast Development Commission (NEDC) have insisted that a drastic improvement in manpower remains sacrosanct in Nigeria if the country meets the projected electricity supply target.
7 Mar 2024
Nigeria's 11 electricity Distribution Companies (DisCos) and Generation Companies (GenCos) may face licence revocation over poor power supply, Minister of Power, Adebayo Adelabu, has threatened yesterday.
28 Feb 2024
The House of Representatives, on Wednesday, turned down the report of its Ad-hoc Committee that investigated the alleged irregularities and corruption in the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Company Limited (NNPCL). The Hon. Hassan Abubakar Nalaraba-led Committee's report was discarded after it was debated at plenary on Tuesday due to…
25 Jan 2024
The Niger state government has sued three power stations and their operators in the Federal High Court in Minna demanding the payment of outstanding ground rent charges of N136, 696, 127, 200 from 2017 to 2022. In two separate writ of summon, the Niger State Revenue Service is listed as the plaintiff while Shiroro Hydro…
Latest
2 mins ago
Justice M. A Hassan of Federal high court, Federal Capital Territory (FCT), division, has restrained the Boniface Aneibonam led faction of New Nigerian Peoples Party (NNPP) from conducting local, state, and zonal congresses as well as state convention in the name of the party. In an exparte motion instituted by NNPP, National Chairman Dr. Ajuji…
6 mins ago
Former Mozambican finance minister Manuel Chang was sentenced to more than eight years in prison on Friday in connection with a graft scandal that sparked an economic crisis in his home country. Chang, 69, was convicted in a US court in August for his role in the so-called "hidden debt" scandal that saw the Mozambican…
14 mins ago
The First Lady of Kwara State, Ambassador Olufolake AbdulRasaq, has urged equal access to quality education for every child, irrespective of socio-economic background. AbdulRasaq made the appeal at a lecture organised by the Havilah Foundation in collaboration with Chidimma. titled: “The Need for Girl-Child Education.” The event, held at Tanke Secondary School Ilorin, saw the…
21 mins ago
The Executive Secretary of the Nigerian Christian Pilgrim Commission, NCPC Bishop Stephen Adegbite has paid a condolence visit to the widow of late Jerusalem Pilgrim, Pastor, Magistrate Olasanmi Ogunkanmi at their Ikorodu residence in Lagos on Friday, 17th January, 2025. The Executive Secretary sympathised with Mrs Ogunkanmi over the sudden demise of her husband, Magistrate…
26 mins ago
US law enforcement agents carried out exercises using barbed wire and concrete blocks Friday at a crossing on the border with Mexico as tensions crept up ahead of President-elect Donald Trump's inauguration. Vehicle crossings on an international bridge connecting Ciudad Juarez and El Paso, Texas were halted for about 40 minutes while US Customs and…
26 mins ago
Calabar Municipal Council in Cross River State has introduced a new payment system for revenue collect and other payments to the local council. The new automated payment platform is to make payments easier and revenue collection more convenient. This was introduced barely a week after the council chairman, Apostle James Anam, terminated all revenue collection…
33 mins ago
Citizens' Gavel Foundation for Social Justice (GAVEL) and Asabe Waziri Justice Advocacy Initiative (AWJAI) have petitioned the Inspector-General of Police (IGP) Kayode Egbetokun demanding transparency over the investigation into the alleged killings of three persons by one Inspector Wilson Collins in Abuja. The incident, which occurred on August 26, 2024, involved Collins allegedly shooting and…
46 mins ago
The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office. With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the inauguration, Yellen said in…
49 mins ago
A total sum of N 1.424 trillion, being Dec. 2024 Federation Account Revenue has been shared to the Federal Government, states, and the Local Government Councils (LGCs). This is according to a statement by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant General of the Federation (OAGF). Mokwa said that the revenue…
55 mins ago
Georgia winger Khvicha Kvaratskhelia on Friday completed a move to Paris Saint-Germain from Italian league leaders Napoli, the French champions announced. "Paris Saint-Germain is pleased to announce the signing of Khvicha Kvaratskhelia. The 23-year-old winger, who will wear number seven, becomes the first Georgian player in the club's history," said a PSG statement. No transfer…