Archives for ENERGY - Page 32
Fresh electricity tariff hike looms in Nigeria as NERC concludes â€extraordinary review’
The Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made…
Seplat, Board Chairman win most profitable company, Board Chairman of the year
… As Nigerian Exchange, BusinessDay laud winners at the NIVA Seplat Petroleum Development Company Plc has won the Most Profitable Company (Oil & Gas: Exploration and Production), with Dr. ABC…
AGPC to invest $10million on capacity development initiatives
…partners NCDMB to build centre for skills development ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10million on capacity development initiatives in the oil and…
NNPC Assures No Increase in Pump Price of Fuel, as Subsidy rises to N500bn
The Nigerian National Petroleum Corporation (NNPC) says it will not increase the ex-depot pump price of fuel (PMS – Premium Motor Spirit) also known as petrol in May. The Group…
Outage Pesists as FG Shuts Nine Power Plants
Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had persisted recently across the country. Minister of Power, Sale Mamman, said…
Oil jumps to $66 on signs of rising crude demand
The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a report from the International Energy Agency, followed by US inventory data, boosted optimism about returning…
Power distributors blame allocation shortage as blackout worsens
Minister for power, works and housing, Mr. Babatunde Fashola Two of the nation’s power distribution companies, Ikeja Electric and Eko Electricity Distribution Company, have attributed the drop in power supply…
Fuel: Our investments under threat, oil marketers lament NNPC’s monopoly
Palpable fear has gripped major oil marketers that their multi billion Naira investments in the downstream sector are increasingly coming under intense threat over Nigerian government’s inability to grant them…
Seplat issues $650 million 5-year Senior Notes … records largest Nigerian oil & gas bond
Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy Company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has…
NNPC set to rake in $600m from Marginal fields — Minister
Timipre Sylva By Ngozi Onyeakusi--- The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Ministry is set to rake in 600million dollars from…