Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
IFC to facilitate additional 1500 MW to national grid
International Finance Corporation, IFC has announced its plans to support investments that will add 1, 500 megawatts of power generation to the national grid.
Power privatisation threatened as bidders give FG conditions
The ongoing privatisation of power sector is facing a threat as winners of the 11 distribution companies of the Power Holding Company of Nigeria PHCN, yesterday issued the Federal Government fresh conditions before completing the balance of 75 percent for the bids value.
NEITI clears PPPRA of N4.42trn debt
The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, cleared the Petroleum Products Pricing Regulatory Agency, PPPRA, over the remittance of the sum of N4.423 billion to the Federation Account.
Oil majors complain of risky, deteriorating environment
The operating environment in Nigeria is deteriorating on a daily basis and poses a serious risk for companies in the oil and gas sector, according to, Royal Dutch Shell and Italy’s Eni.
7,000 firms vie for 360 rural electrification contracts
About 7,000 firms submitted bids for 360 lots of rural electrification projects, Chief Executive Officer of the Rural Electrification Agency, REA, Mr. Kenneth Achugbu, has said.
PIB: Raising false alarms (3)
Watching, listening and reading news stories and commentaries debagging the PIB for the main reason of preying upon people’s fears and prejudices is unfathomable, the most interesting question of all the allegations raised in part I & 2 of this topical issue for me is this: Will the PIB as presented to the National Assembly attract foreign investment?
GE reiterates commitment to local content
In furtherance of its strategic objective to increase the local content of its operations in Nigeria, General Electric Company, a global technology leader in energy, healthcare and railway transportation, recently hosted a supplier fair in Calabar.
Nigeria earns N3.81trn from oil in 6 months
Oil revenue accounted for 86.67 per cent of gross federally-collected revenue from January to June 2013, as the Federal Government earned a total of N3.809 trillion from oil within the period.
Privatization: FG hands over PHCN to new investors Sept 21
ABUJA—The Federal Government will hand over privatized successor companies of the Power Holding Company of Nigeria, PHCN, to private investors on September 21, 2013, if the investors pay on schedule.
Crude oil theft: Shell recants, says it lost $250m not $700m
Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude theft and other sundry issues in Nigeria, saying that the actual amount lost to operational difficulties in Nigeria is $250 million (N40 billion).
