A national study will be carried out on the extent of demand for power supply in the country, the Minister of Power, Prof. Barth Nnaji, has said. Nnaji said this in Asaba on Saturday at the end of a two-day t...
Rice producers of Talata Mafara in Zamfara have shut down their business following an increase in electricity tariff, the News Agency of Nigeria (NAN ) reports. Speaking with NAN in Talata Mafara, the local government...
The Federal Government has approved 300 million dollars as counterpart funding for the construction of the Zungeru hydroelectric plant in Niger, President Goodluck Jonathan said on Thursday in Abuja. Jonathan, who was represented by Vice President...
Manitoba Hydro International Limited, will today take over management of the Transmission Company of Nigeria (TCN) one of the 18 unbundled companies of the Power Holding Company of Nigeria (PHCN) as part of the ongoing implementation of the Power...
Mr Wale Tinubu, Group Chief Executive of Oando on Friday said that the company retained its 2011profit to ensure robust dividend to shareholders in future. Tinubu said this at the company’s 35th annual general meeting (AGM) held in Lagos. He said...
The Chairman of Pacific Energy Mr. Adedeji Adeleke yesterday said that the Federal Government would soon commence the building of a coal power plant worth $4 billion dollars in Benue State. Adeleke who made this known during the official commissi...
The NNPC has pledged to improve the strategic Atlas Cove terminal to ensure unimpeded supply and distribution of petroleum products in the country. A statement signed by the acting Group General Manager, Public Affairs Department of the NNPC, Mr Fidel ...
Some key members of the National Association of Road Transport Owners (NARTO) have formed a parallel association, following a disagreement with the leadership. The new body is the Association of Distributors and Transporters of Petroleum Products (ADIT...
The NNPC said it would on Monday re-open the Pipelines and Products Marketing Company (PPMC) Depot in Aba, closed almost a decade ago due to pipeline vandalism. This is contained in a statement signed by the acting Group General Manager...
The NNPC said that the recently submitted draft Petroleum Industry Bill (PIB) would go a long way in transforming operations in the oil and gas industry if passed into law. Mr Fidel Pepple, the acting Group General Manger, Public Affairs Division of NN...
The Bureau of Public Enterprises (BPE) says over N200 billion will be realised from the privatisation of the 18 successor companies created from the unbundling of the Power Holding Company of Nigeria (PHCN). The information is contained in a stat...
The Petroleum Technology Development Fund (PTDF) says it will soon start sending drilling engineers for training at the French Institute of Petroleum in France. Mr Kalu Otisi, PTDF, Head of Media, told the News Agency of Nigeria (NAN) in Abuja on Monda...
Prof. Barth Nnaji, the Minister of Power, said on Thursday that the repair of electricity transformers in the country would save Nigeria more than N1.5 billion. The News Agency of Nigeria (NAN) reports that Nnaji made the disclosure at the inauguration...
Incessant power outage in the country has continued to constitute a major challenge to Nigeria’s economic growth and development. Solving the lingering electricity problem is critical to realising the nation’s quest of becoming one of the 2...
Oando Exploration and Production Limited (OEPL), a subsidiary of Oando Plc with 13 exploration and production assets, has announced that it has signed a farm-in agreement with Network Exploration & Production Nigeria Limited (NEPN) for the acquisit...