Nigeria’s oil output rises to 1.59 million bpd, says NUIMS
Innocent ObasiDecember 7, 2022
By Innocent Obasi The NNPC Upstream Investment Management Services (NUIMS) has disclosed that Nigeria’s oil production has risen to 1.59 million barrels per day. Bala Wunti, the chief upstream investment officer of NUIMS, stated this while speaking at the ongoing 11th Practical Nigerian Content forum in Uyo, the state capital of Akwa-Ibom state. Wunti said […]
Aba Power begins consumer survey, as its American partner trains 35 Nigerian professionals
BEN EGUZOZIEDecember 6, 2022
BY BEN EGUZOZIE …Set to end suppressed demand in electricity Ahead of commencement of full electricity distribution operations in Aba, an industrial city, Aba Power Ltd (APL), run by Geometric Power Ltd, has begun a survey of consumers expected to be hooked on its electricity supply grid in the Aba Ring-Fenced Area (RFA). The power […]
NNPC seals gas pipeline agreement with Morocco,5 West African countries
Innocent ObasiDecember 6, 2022
By Innocent Obasi The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with Morocco and five West African countries to finalise the Nigeria-Morocco gas pipeline project (NMGP). This was disclosed in a statement signed by Garba Deen Muhammad, Chief Corporate Communications Officer of NNPC Ltd. The statement noted that the […]
Obiang Lima to resume as OPEC president in 2023
Innocent ObasiDecember 6, 2022
By Innocent Obasi Gabriel Mbaga Obiang Lima, who is currently the mines and hydrocarbons minister of Equatorial Guinea will become the president of the Organisation of Petroleum Exporting Countries (OPEC) in 2023. This information was confirmed on the website of the African Energy Chamber (AEC). Commenting on the development, Nj Ayuk, executive chairman of the […]
Persistent fuel crisis further squeezes Nigerians’ pockets
Innocent ObasiDecember 5, 2022
By Innocent Obasi Waking up as early as 4 a.m. to rush down to a petrol station in order to be among the first on the queue has become a routine for many motorists across Nigerian cities. But even that is not a guarantee that they would get petrol to keep their cars […]
TCN adds 98MW to national grid as Gwarimpa substation comes alive
Innocent ObasiDecember 2, 2022
By Innocent Obasi The Transmission Company of Nigeria (TCN) has energised a new 2X60MVA, 132/33kV Gas Insulated Substation (GIS) at Gwarimpa in Abuja to add 98 megawatts (MW) to the national grid. The 132kV transmission substation has six feeders through which bulk electricity is transmitted to Abuja Electricity Distribution Company (AEDC) load centres and […]
NNPC seals $1.4bn funding agreement for Northern Hydrocarbon Funding Ltd
Innocent ObasiDecember 1, 2022
By Innocent Obasi The Nigerian National Petroleum Company Limited (NNPCL) has signed a $1.4 billion financing agreement jointly arranged by Standard Chartered Bank UK and the United Bank for Africa for Northern Hydrocarbon Funding Limited. The agreement was sealed on behalf of the NNPC Limited/Chevron Nigeria Limited Joint Venture. Speaking at the signing ceremony held […]
Nigerian states move to stop FG’s planned sale of 10 power plants
business AMNovember 24, 2022
By Business AM The governors of Nigeria’s 36 states have approached the court seeking to stop the federal government’s plan to sell 10 power plants in the country. The said power plants are under the National Integrated Power Projects (NIPPs) being implemented by the Niger Delta Power Holding Company (NDPHC), a power generation and […]
Lagos,USAID partner to boost electricity access for residents
Innocent ObasiNovember 24, 2022
By Innocent Obasi Residents of Nigeria’s commercial capital may soon enjoy reliable access to electricity following the completion of the Lagos State Integrated Resource Plan (IRP). The plan, aimed at bolstering the overall energy security for residents. will outline a framework to meet future electricity demand in the state by establishing the availability of fuel […]
How Nigeria can end fuel crisis, by experts
Innocent ObasiNovember 18, 2022
By Innocent Obasi Long queues at petrol stations have become a recurring sight in Nigeria, which used to be Africa’s top oil producer until Angola, Libya and Algeria edged it to the fourth place. From Abuja, the seat of administration, to Lagos, the commercial nerve-centre, to the oil city of Port Harcourt and elsewhere in […]