NSIA unveils $300m Renewable Energy Fund
By Emma Ujah, Abuja Bureau Chief The Nigeria Sovereign Investment Authority, (NSIA) has launched the $300 million Nigeria Distributed Renewable Energy (DRE) Fund, a new investment vehicle designed to accelerate private-sector investment in renewable energy and expand electricity access to underserved communities and businesses across the country. The Fund, which reached its commercial launch milestone […]
Electricity hike: FG pays N100bn in subsidy
To cushion the effects of the impending hike in electricity tariff, the Federal Government has agreed to pay about N100 billion in subsidy over the next two years under the second phase of the Multi Year tariff Order, MYTO 2.
Quoted companies are excessively charged on NSE – Ajayi-Tomori
Poly Products Nigeria Plc, a manufacturer of polythene and other plastic products, recently disclosed plans to delist from the Nigerian Stock Exchange. In this interview with Vanguard, Mrs. Funmi Ajayi-Tomori, a Director in the company, gave an insight into the delisting plan, arguing that quoted companies are still burdened by excessive charges from the regulatory authorities among other things. EXCERPTS
NLNG rakes in $10bn in 2011
The Nigeria LNG Limited, NLNG, Nigeria’s major producer and exporter of liquefied natural gas, last year realised over $10billion despite the continued global recession.
Lawmaker lauds PPPRA over Swiss firm suspension
The former President of the National Union of Petroleum and Natural Gas Workers, NUPENG, Comrade Peter Akpatason, has commended the Reginald Stanley-led management of the Petroleum Products Pricing Regulatory Agency, PPPRA, for instituting transparency and sanity in the operations of the agency.
Shell commences repair of Nembe Creek Trunkline
The Shell Petroleum Development Company of Nigeria Ltd, SPDC Joint Venture has commenced repair of the Nembe Creek Trunkline, NCTL, after shutting it down on May 2nd because of incessant crude theft activities.
