African renewable energy projects to contest for $7million

  Access Power, a developer, owner and operator of power projects in emerging markets has announced the official opening of submissions process for the third edition of its US$7m funding and support platform for renewable energy projects in Africa, Access Co-Development Facility (ACF). The 2017 edition of Access Co-Development Facility (ACF) competition which expects to share…

Ikeja Electric says no total blackout during maintenance works

The Ikeja Electric has assured its consumers that there would be no total blackout during maintenance exercise to be carried out by Transmission Company of Nigeria contrary to recent rumours. IE had on March 4 announced that there would be an interruption in power supply to some areas within its network from March 6 to…

Oil edges higher after sell-off on weaker dollar

Oil prices ticked higher on Friday, recouping some of the previous session’s losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output. Global benchmark Brent LCOc1 was up 19 cents at $55.27 a barrel at 0941 GMT, recovering some of…

President Buhari Urges Dr. Maikanti Baru to Deliver NNPC Mandate

President Muhammadu Buhari, after approving the appointment of Dr Maikanti Kacalla Baru as the new Group Managing Director of the the Nigerian National Petroleum Corporation (NNPC) with the composition of a new Board of the corporation, has urged the new helmsman to ensure the successful delivery of the mandate of the NNPC. According to a…

PDP House Caucus Rejects Subsidy Removal

Following the divergent hues and mixed reactions from all quarters of the country on the current fuel price hike imbroglio, the Peoples Democratic Party (PDP) caucus of the House of Representatives has presented its opposition to the removal of fuel subsidy to the members of the public. The Chairman, Committee on Capital Market & Institutions,…

Lawyer Dismisses Damaging Comments On Warri, Lagos, Brass OGFZS

A legal practitioner, Iyobosa Egerin has described insinuations making the rounds that the Warri, Lagos, Brass Oil and Gas Free Zones were illegal establishments as “cruel, unfortunate, misleading and disheartening”. Egerin spoke to newsmen on the side-lines of Labour Day celebrations, to express his disappointment that such insinuations were being published by some national dailies,…

Former NNPC boss, Barkindo Nominated for OPEC Secretary-General Role

The Federal Government has nominated a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Mohammed Barkindo, for the position of the Secretary-General of the Organisation for Petroleum Exporting Countries, OPEC, come July 2016. Barkindo had previously served as Acting Secretary-General of OPEC in 2006, and was GMD of the NNPC from…

Rift in Mobil PTD Union May End Soon

… As PPMC Assures of Ample Products Supply in Lagos Area   The Management of the midstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Pipeline and Products Marketing Company (PPMC), has said it had intervened in the dispute within Petroleum Tanker Drivers Union (PTD) Union as normalcy may soon be restored. This is…

NNPC Commits to Ongoing Gas Infrastructure Projects

  The Nigerian National Petroleum Corporation (NNPC) has expressed its determination to complete the ongoing gas projects aimed at linking gas-to-power and gas-to-industries to boost national economy. During the Senate Committee on Gas oversight visit to the NNPC Towers in Abuja recently, the Group General Manager, Gas Infrastructure Development, Engr. Farouk Said affirmed that NNPC…