In its Q1 2022 Outlook, The State of African Energy, the African Energy Chamber investigates Africa’s oil and gas exploration landscape in 2022 and beyond
OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020 and until June 30th, 2020.
The curtailment of crude oil production by 9.7 million barrels promises an appropriate balancing of Nigeria’s 2020 budget that has been rebased at $30 per barrel.
Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country
Nigeria will receive seventeen ship imports before the end, out of which, 15 of them are carrying fuel. This information was revealed by the Nigerian Ports Authority, NPA, in its daily publications 'Shipping Position'. The report, according to NAN, further discloses that the ships are expected to arrive between March 17 and March 29 at the Lagos Apapa/Tin Can Island…
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245. icirnigeria.org reported the new findings quoting a report by Global Witness called Take The Future. According to icir.org, leaked emails and confidential documents also showed that the oil…
NNPC Boss, Dr Baru said that the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products to ensure supply sufficiency.
The Department of Petroleum Resources (DPR) has sealed four petrol stations in Abuja for hoarding, under dispensing and other sharp practices in selling Premium Motor Spirit (PMS)
The Group CEO of Oando Plc, Adewale Tinubu, has blamed the company’s record loss on falling crude oil prices and the weakness on the naira.
Chris Igwe, Managing Director, Mainland Oil and Gas, on Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.
The federal government has asked the Polish government to support it with expertise especially in the area of transmission as the existing lines in the country are old and weak. While soliciting their support to develop the nation’s evacuation of...
The near absence of Nigerian information and communications technology companies to compete effectively on the local market is of great concern to many. CHIMA AKWAJA in this write-up looks at the challenges of enabling indigenous companies to excel, wh...
The Minister of Power, Prof. Chinedu Nebo, has asked the management of Manitoba Hydro, the management contractors for the Transmission Company of Nigeria (TCN) to respect the rights of Nigerian workers as entrenched in the law of the land. The minister...
PHCN Eko Electricity Distribution Company has said it was not responsible for the power interruption on Easter Sunday at Our Saviour’s Anglican Church during the President’s visit. This was contained in a statement issued by the Assis...
Residents of the ancient city of Daura on Wednesday called on the Katsina State Government to urgently intervene to end the persistent power outage affecting the town and its environs.
The residents made the call a week after the Emir of Daura, Alhaji Faruk Umar, summoned the PHCN Area Manager, Alhaji Ibrahim Dayyabu, over the situation.
A cross section of the residents who spoke with the News Agency of Nigeria (NAN) in Daura lamented that the area had remained in darkness for more than three weeks.
The situation, they said, had adversely affected socio-economic activities of the people.
They urged the state government to complete work on the Daura electricity sub-station, which was abandoned by the Federal Government for decades.
``The entire Daura emirate has not been enjoying stable electricity supply for years, hence the need for the state government and the PHCN to do something to address the situation.
``For instance, for the past one month we do not have electricity in our houses and no explanation was made by the PHCN over the situation, yet they send bills and threaten us with disconnection,” Alhaji Abdulfatah Mahmud, a resident said.
The Dan’Madamin Daura, Alhaji Abdulrahaman Dan’Malam, also appealed to the government and the PHCN to address the problem in order to reduce the suffering of people in the area.
NAN observed that some of the residents now rely on power generating sets for their domestic electricity needs and businesses, while others were forced to close down their businesses.
It was also observed that the incessant power failure had forced many operators of grinding machines in the town to operate with gasoline, thereby hiking the cost of grinding a measure of grain from N10 to N30.
Reacting to the development, the PHCN Manager in Daura, Alhaji Ibrahim Dayyabu, attributed the problem to the breakdown of some electricity transformers.
``Two transformers in Daura metropolis have problems, but we are working round the clock to repair them so as restore normal supply of electricity to the town.
``I have briefed the Emir of Daura on the situation.''