The Niger Delta Power Holding Company (NDPHC) has revealed that the Egbema Power Station, with a capacity of around 375 megawatts (MW) in Imo State, is set to be completed by 2025. The managing director of NDPHC, Jenifer Adighije, made this announcement during an inspection of the facility in Ohaji-Egbema Local Government Area, Imo State. […]Read More
The Minister of Power, Adebayo Adelabu, has announced that over 40% of Nigerians now enjoy more than 20 hours of electricity daily. He made this statement on Sunday while reviewing the activities of the Ministry of Power over the past year. Adelabu highlighted that these achievements form part of the government’s broader initiative to provide […]Read More
The Federal Government, through Vice President Kashim Shettima, has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is coming just as the international maritime giant, DP World, has announced plans to develop a multibillion-dollar port project in […]Read More
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More
Aliko Dangote, the Chief Executive Officer of Dangote Refinery, has criticised the Nigerian National Petroleum Company (NNPC) Limited for pulling out of the original agreement to acquire a 20% stake in his refinery, labelling the move as “a big mistake.” Speaking during an interview with Bloomberg TV in the United States on Monday, Dangote explained […]Read More
Aliko Dangote, Chief Executive Officer of Dangote Refinery, has addressed the ongoing concerns about fuel pricing, asserting that the petrol sold by his refinery to the Nigerian National Petroleum Company (NNPC) was offered at a price lower than what the NNPC had imported. Dangote made this clarification on Monday during an interview with Bloomberg TV […]Read More
The Nigerian government has initiated discussions with Libya on the construction of a gas pipeline connecting the two nations. This was revealed by Nigeria’s Minister of Petroleum (Gas), Ekperikpe Ekpo, during a meeting with Libya’s Oil Minister, Dr. Khalifa AbduAlsadik, at the Gastech Exhibition and Conference 2024 in Houston, USA. Ekpo indicated that the proposed […]Read More
Kyari Bukar, a former Chairman of the Nigerian Economic Summit Group (NESG), has said that President Bola Tinubu should have removed petrol subsidy gradually to lessen the effect on Nigerians. He said that fuel prices should have been removed by 5 percent every six months and that way, the public won’t quickly feel it. Bukar, […]Read More
The Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Kogi State from the Commission to the Kogi State Electricity Regulatory Commission (KSERC). A statement by the regulator on Wednesday said the move complies with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the […]Read More
In response to Cameroonian authorities starting to release water from the Lagdo dam, the federal government has placed states along the River Niger and Benue axis on high alert. To lessen the possibility of flooding in Nigeria, the Nigeria Hydrological Services Agency (NIHSA) announced the progressive release of water from the Lagdo Dam in Cameroon. […]Read More
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