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NIPOST, operators harp on leveraging N500b warehousing sector

NIPOST, operators harp on leveraging N500b warehousing sector

By Emmanuel Okwuke /Senior  IT. Correspondent    The promising warehousing sub-sector in Nigeria, which stakeholders estimate to be worth over N500 billion annually, need legislative backing to achieve its full…

Why NNPC stopped sale oil block to Creststar

Why NNPC stopped sale oil block to Creststar

Nigerian National Petroleum Corporation (NNPC) as part of the strategy to Protect National Assets  has stopped the Shell Petroleum Development Company (SPDC)  from selling Oil Mining Lease (OML) 25 to…

Gas supply hiccups stall power stations sale – BPE

Gas supply hiccups stall power stations sale – BPE

Stories by Anayo Korie  / Ag Energy Editor   Gas  supply challenges,  has emerged  as a hindrance to the sale of about  10 plants  constructed under the National Integrated Power Projects…

NNPC in desperate search for funds to acquire OML 25

NNPC in desperate search for funds to acquire OML 25

The Nigerian National Petroleum Corporation  (NNPC) is desperately looking for  $453 million to pay for the 45 per cent stake owned by Shell, Total  and ENI, in Oil Mining Lease…

Fayose decries poor power supply to Ekiti

Fayose decries poor power supply to Ekiti

By Obas Esiedesa / Senior Reporter, Abuja   Ekiti State Governor, Ayo Fayose has accused Benin Electricity Distribution Company and the Transmission Company of Nigeria (TCN) of deliberately shortchanging the state…

FG to spend $25b to eliminate gas flaring

FG to spend $25b to eliminate gas flaring

 Stories by Anayo Korie / Ag Energy Editor   The Federal Government has indicated its willingness to invest about  $5billion on annual basis for the next five years to eliminate gas…

Why Government is in business – GACN boss

The Managing Director of Gas Aggregation Company of Nigeria  Mr.  Kunle Allen has debunked the myth that government has no role to play  in the  running of  business enterprises as …

Capacity building critical to power Africa initiative – Nebo

By Obas Esiedesa / Senior Reporter, Abuja   Minister of power, Chinedu Nebo has emphasized the imperative of inculcating capacity building into the Power Africa Initiative, a programme initiated by President…

MAN seeks downward tariff review for SMEs

By Obas Esiedesa / Senior Reporter, Abuja    Manufacturers Association of Nigeria (MAN) has urged the Federal Government to review downward the electricity tariff paid by small and medium enterprises in…

Visa partners Cherie Blair Foundation to support female entrepreneurs

Visa Inc., the global leader in payments, has announced a partnership with the Cherie Blair Foundation for Women, First Bank Nigeria and the Youth for Technology Foundation (YTF). The partnership…

Cairn discovers second fresh oil in Senegal

Scottish independent oil  producer, Cairn, has announced a second commercial discovery offshore in Senegal in a space of one month. The SNE-1 well is located in 1,100 metres  water depth…

OPEC Scribe allays fears over falling prices

By Anayo Korie  /  Ag Energy Editor   OPEC Secretary General Abdalla El-Badri  has called  for calm over tumbling   oil prices, saying fundamentals of supply and demand did not…

Sub-Sahara Africa downstream sector: Experts call for harmonizing devt

Anayo Korie  / Ag Energy Editor   Experts  who gathered at the 8th edition of Oil Trading Logistics (OTL) African Downstream Expo held recently in Lagos have  called  for holistic means…

Seplat to acquire Nigerian gas assets

 Stories by Anayo Korie - Ag Energy Editor   Seplat Petroleum Development Company, one of Nigeria’s independent oil producer has    raised over  $500 million in a share sale this year…

Coal power stations to begin operation in 2015

Nigeria’s first power stations energized  by coal sources under the current dispensation is expected to   begin operation next year, the Minister of Power, Prof. Chinedu Nebo has said. The…

Solid minerals states to enjoy 13 percent derivation benefit

States endowed with solid minerals  in Nigeria will soon join their Niger Delta counterparts in enjoying 13 percent revenue allocation from the Federal Government,  Chairman of the Revenue Mobilisation Allocation…

Mali annuls petroleum exploration deals

Mali’s government has cancelled about a dozen  of Petroleum Exploration agreements in its Taoudeni and Nara basins awarded by  the previous administration, citing various offences by firms who held the…

Operators target 95 per cent local content devt

Stakeholders who gathered at three   Sustainability in the Extractive Industries Conference (SITIE)  2014  edition  have    reinstated their commitment to assist the  Federal Government to boost local content to…

PPPRA introduces measures to restore sanity in fuel importation

PPPRA introduces measures to restore sanity in fuel importation

Petroleum Products Price Regulation Agency PPPRA has introduced tight regulation instruments as part of the measures to forestall unethical practice by oil marketers in the importation of fuel used by…

EKEDC to install 360,000 smart meters in three years

EKEDC to install 360,000 smart meters in three years

 Stories by Anayo Korie / Ag Energy Editor   The Management of Eko Electricity distribution Company of Nigeria Plc(EKEDC)   has concluded plans to install over 360,000 smart meters in the…

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