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NEITI urges NASS to expedite action on PIB

• Recovers $2.6b from oil firms Stories by Obas Esiedesa / Senior Reporter, Abuja   Following the slump of oil price in the international market and its adverse effect on Nigeria’s…

FG, American consortium sign pact on solar power project

FG, American consortium sign pact on solar power project

The Federal Government has signed an agreement with a consortium of American investors in renewable energy, under the auspices of MOTIR SEASPIRE to deliver 1,200mega watts of solar powered electricity…

Total targets $30b from assets sale

In order to fast track  the sale of its 20 per cent stake in Nigeria’s Usan deep water oil field located in the Oil Mining Lease 138, French oil major,…

FG licenses 138 firms to supply meters

FG licenses 138 firms to supply meters

The Federal Government has given approval to about 138 companies to operate  as metering service providers in the Nigeria’s power sector, data secured  from Nigerian Electricity Regulatory Commission (NERC), has…

Power Efficiency: Accenture task Discos to install smart meters

Power Efficiency: Accenture task Discos to   install smart meters

Accenture Nigeria Limited one of the smart cards providers have called  for installation and Management of Smart  metering model by Distribution firms  as part of the measures to reduce energy…

Halliburton, Baker Hughes in merger talks

Baker Hughes and Halliburton are in ‘preliminary talk  to a possible merger between the two oil services providers, Baker Hughes confirmed over the weekend. “These discussions may  lead to any…

TCN network: Power firms to pay N225m for connection

Federal government in order to stabilize  distribution of Electricity  in the country mandated Transmission Company of Nigeria, TCN to pay about N225 million as connection charges to end-users who intends…

Tullow cuts W’Africa exploration expenditure in 2015

Tullow Oil Limited   has concluded plans to cut  its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices.…

West Africa Power Poll: Expert tasks stakeholders to address challenges

By Anayo Korie  / Ag Energy Editor   Mrs Ifey Ikeonu, Council Member, ECOWAS Regional Electricity Regulatory Authority, Ghana (ERERA) says stakeholders in the power sector should address electricity in the…

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…

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