A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
…queries huge expenditure on moribund refineries …warns of difficulty in mobilising revenue, subsidy payment By Michael Eboh The Federal Government has revealed that it spent N1.5 trillion on fuel subsidy in 2019. Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, disclosed this in a communiqué in Abuja. The communiqué was
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The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic.
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Following the pipeline leakage at Satellite Town in Lagos, the Nigerian National Petroleum Corporation, NNPC, Saturday, said it has shut down the supply and is currently evacuating petroleum product from the line.
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By Sebastine Obasi There are fears that global oil demand will soon plunge by more than 10 percent from the typical 100 million barrels per day, bpd consumption, as the raging coronavirus pandemic otherwise known as covid-19 forces countries into lockdown, according to the world’s biggest independent oil trader, Vitol. “Demand destruction this year depends
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Electricity Generation Companies (GenCos) comprising gas-fired and hydro stations said they could not generate 3,568 megawatts of electricity on Wednesday due to the unavailability of gas. This information was made known in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by News Agency
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By Michael Eboh Oil and gas companies operating in Nigeria flared 475.3 billion standard cubic feet, SCF, of gas in 2019, causing the country a loss of $1.7 billion, about N521.9 billion, according to data obtained from the National Oil Spill Detection and Response Agency, NOSDRA. According to the Gas Flare Tracker of NOSDRA, gas
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With this fund, do you think indigenous operators can now handle major projects in the industry Even before the funds, Nigerian companies have really developed their capacity and are doing heavy duty projects. For example, before the advent of the law itself, all fabrication works were done outside the country. But between now and then,
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By Fortune Eromosele The Nigerian Institute of Electrical and Electronics Engineers, a division of the Nigerian Society of Engineers, has agreed to increase the number and frequency of training of its members nationwide, to deepen their capacity and position them to make meaningful contributions to the growth of the power sector and other critical sectors
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By Ediri Ejoh The Governor of Bayelsa State, Douye Diri, has called on the Federal Government to as a matter of urgency review the 13 percent derivation fund given to host communities. The governor who made this known in a media parley, stated that oil communities are been exploited and their proceeds expropriated, thereby leaving
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• As outlook remains bleak By Michael Eboh Despite the absence of reassuring words from the Federal Government, Nigerians have cause to be concerned, as the global spread of coronavirus, also known as COVID-19, and the continuous drop in the price of crude oil in the international market would definitely take a heavy toll on
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