AEDC decries increased vandalism of power infrastructure across franchise area
Innocent Obasi
January 9, 2023
By Innocent Obasi Abuja Electricity Distribution Company Plc (AEDC), one of the eleven downstream operators in the Nigerian electricity market, has said the high frequency of incidents of vandalism to its electrical assets and installations across its franchise area is a serious concern for the company. AEDC made this disclosure in a statement issued by […]
New NDDC board faces jury over genuine development for region
BEN EGUZOZIEJanuary 9, 2023
By BEN EGUZOZIE Wike pushes regional development approach Economists call for Marshall Plan approach As regional masterplan abandoned for years New board promising sweeping changes The jury is now out to see what changes the newly inaugurated board of the Niger Delta Development Commission (NDDC) will bring to bear on the much neglected oil producing […]
Nigeria’s oil, gas earnings rise 60.42% to N18.18trn, CBN confirms
Innocent ObasiDecember 19, 2022
By Innocent Obasi Nigeria crude oil and gas export earnings have increased by $40.86 billion (about N18.18 trillion) in the first eight months of 2022 which is a 60.42 percent increase against $25.47 billion generated in the corresponding period of 2021. The Central Bank of Nigeria (CBN), made the disclosure in its economic reports for […]
Mo Ibrahim faults COP27’s impact on Africa’s vulnerability to climate change
Innocent ObasiDecember 8, 2022
By Innocent Obasi Mo Ibrahim, the founder and chairman of the Mo Ibrahim Foundation (MIF), has noted that the recently held United Nations Climate Change Conference (COP27), did not achieve the desired impact on Africa’s specific vulnerability to the impact of climate change. Sharing his views on the conference, Ibrahim said; “We mustn’t delude ourselves […]
Greenville LNG signs MoU with Nasarawa for infrastructural development
Innocent ObasiDecember 2, 2022
By Innocent Obasi Greenville Liquefied Natural Gas (LNG) Limited, an LNG production and distribution company, has signed a Memorandum of Understanding (MoU) with the Nasarawa State government to allocate land for an LNG and liquefied compressed natural gas (L-CNG) facility in Lafia, the state capital. The company disclosed this in a statement released on […]
COP 27: Africa’s energy poverty keeps 600m people without access
Maduabuchi EfegadiNovember 17, 2022
BY MADUABUCHI EFEGADI …Hinders continent’s economic devt., industrialisation Africa’s energy poverty, which is a major constraint to the continent’s economic development, now increasingly hinders trade in the continent. This was disclosed by Hippolyte Fofack, chief economist and director, research and international cooperation at Africa Export-Import Bank (Afreximbank), at the ongoing 27th UN climate summit […]
Oando plans electric-powered buses in Lagos by 2023
Innocent ObasiOctober 31, 2022
By Innocent Obasi Oando Clean Energy Limited, a renewable energy subsidiary of Oando Energy Resources and a part of the Oando Plc, has said Lagosians would ride on electric-powered Bus Rapid Transit (BRT) buses by 2023. Ademola Ogunbanjo, executive vice president, Oando Clean Energy, stated this during a webcast session titled “Climate Change and Its Implications on the Nigerian […]
NNPC, Daewoo sign MoU on Kaduna Refinery rehabilitation
Innocent ObasiOctober 28, 2022
By Innocent Obasi The Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with Daewoo Group, a South Korean conglomerate and automobile manufacturer, for the rehabilitation of the refinery in Kaduna. Both parties signed the agreement on Thursday during the 2022 World Bio Summit in Seoul, South Korea. A statement by Femi […]
Siemens to deliver 20 power transformers, mobile substations by May 2023
Innocent ObasiOctober 24, 2022
By Innocent Obasi The federal government is expected to receive 22 power transformers and mobile stations from Germany between November of this year and May of next year. President Muhammadu Buhari gave the hint on Wednesday when he hosted representatives of Siemens Energy AG at the State House, Abuja. Buhari expressed delight at the remarkable progress in the […]
Shell resumes crude oil export at Forcados Terminal
Innocent ObasiOctober 21, 2022
By Innocent Obasi Nigeria’s revenue from crude oil could increase shortly as Shell Petroleum Development Company Limited (SPDC) on Thursday resumed crude oil exports at the Forcados Oil Terminal. The Forcados Export pipeline has a capacity to export over 400,00 barrels of crude oil per day. The pipeline was vandalized by crude […]