By Ibrahim HassanWuyo The Kaduna Electricity Distribution Company (Kaduna Electric) will on Friday, commence the distribution of one million prepaid metres to electricity consumers in its franchise States of Kaduna, Kebbi, Sokoto and Zamfara. The Managing Director and Chief Executive Officer, Kaduna Electric, Engr Garba Haruna, said at an interactive session with journalists that customers […]

By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration […]

By Sebastine Obasi Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count stood at six, data from the Organisation of Petroleum Exporting Countries, OPEC, showed. This […]

By Gabriel Ewepu Mining professionals, under the aegis of Miners’ Association of Nigeria, MAN, have called on the Federal Government to carry them along in the planned resuscitation of Ajaokuta Steel Company Limited, ASCL. This proposition is coming against the backdrop of the agreement reached between the Federal Government and the Russian government to commence […]

By Michael Eboh At the backdrop of the huge costs and losses attributable to product theft and facility vandalisation, the Nigerian National Petroleum Corporation, NNPC, has indicated that it would still be financially stable in the current year to next year. The national oil firm also indicated that its operations would not be fundamentally hampered […]

By Ediri Ejoh The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith modular refinery project is fully ready for operations. The Director of DPR, Sarki Auwalu, who stated this during a pre-commissioning visit to the project site located in Ibigwe, Ohayi/Egbema Imo State, said that the purpose of […]

The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB).

Optimistic on meeting 2021 target By Ediri Ejoh Barely one year to its 2021 target, Sefton Fross, a Lagos-based energy law firm, has urged the Nigerian Electricity Regulatory Commission, NERC, to tackle the various problems currently affecting metering in the nation. In the report – Meter Asset Provider Regulation: Taking stock two years after – […]

…Losses accumulate to N1.5trn By Michael Eboh Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation to continue as a going concern, following rising losses and negative capital as a result of excess of liabilities over its assets as stated in its recently published […]

By Egufe Yafugborhi – Port Harcourt Shell Nigeria Gas (SNG) has commenced City Gate Gas Plant, a project to ensure safe transmission of gas to power booming businesses in Aba, Abia state’s commerce hub. Ed Ubong, Managing Director of SNG, a Shell company in Nigeria, said, “City Gate Plant will enable SNG remove more impurities […]