Home » Author Archives: admin

Author Archives: admin

Apapa gridlock: E-Call Up Will Eliminate Human Intervention and Extortion – NPA Boss

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has said that the introduction of the Electronic Call-up system will eliminate human intervention from the process thereby eliminating extortion by enforcement and security officers. This is as she also revealed that shipping companies make billions of naira from importers forfeiting their deposits for returned containers due to congestion ...

Read More »

NNPC Worried Over Loss of N151.78 Billion Worth of Crude Monthly

……..by Musa Ibrahim………. Nigerian National Petroleum Corporation (NNPC) is worried that Nigeria is currently losing N151.78 billion worth of crude oil monthly. This is an average of 200,000 barrels of crude oil daily. At a price of Brent of $66.75 per barrel. Brent is the crude at which Nigeria’s oil is priced. This is also based on an official exchange ...

Read More »

DisCos Receive 203,116 Electricity Consumers’ Complaints in Q2, 2020 — NERC

The Nigerian Electricity Regulatory Commission (NERC) says the 11 Electricity Distribution Companies (DisCos) received 203,116 consumers complaints in the 2nd quarter of 2020. The commission disclosed this in its 2020 second quarter report on its website on Wednesday in Abuja. “During the second quarter of 2020, the 11 DisCos received 203,116 complaints from consumers, indicating 0.68 per cent fewer complaints ...

Read More »

$2.7bn Shell Suit: Court Fixes March 2 for Ruling

The Federal High Court in Lagos has fixed March 2, 2021, for ruling to decide whether to hear a motion challenging its jurisdiction or contempt application filed against three banks for allegedly disobeying a court order to block Shell Petroleum Development Company of Nigeria Ltd’s bank accounts. Justice Oluremi Oguntoyinbo fixed the date after the parties argued which application to ...

Read More »

CDS Pledges Military Support for Protection of Oil, Gas Assets

……….As NNPC Loses 200k Barrels of Oil Daily………. The Chief of Defence Staff, Major General Lucky Irabor, has promised to galvanize the military to provide maximum security for the nation’s oil and gas assets. The CDS gave the commitment Wednesday at a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, and his ...

Read More »

Optimum Petroleum Seeks to Terminate Agreement with LEKOIL

………by James Ikenna……… Optimum Petroleum Development Company Limited is Seeking to Terminate Agreement with LEKOIL over OPL310. The disagreement between the two companies is over revenue sharing. LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that Mayfair Assets and Trusts Limited, in which it has a 90 percent economic ...

Read More »

NERC Worried Over 60 Percent of Electricity Consumers Lacking Prepaid Metres

…..by James Ikenna…….. Nigerian Electricity Regulatory Commission NERC) has expressed worries over 60 percent of Nigerian electricity consumers lacking prepaid metres as result many consumers are allegedly being exploited through estimated billing. In its just-released Second Quarter 2020 Report the Commission, stated: “The huge metering gap for end-use customers remain a key challenge in the industry. The records of the ...

Read More »

AKk: Reps Grills NNPC and Brentex CPP Over Breach of Local Content Law

…….by Musa Ibrahim…….. ………Group alleges Nigerian firm replaced with Chinese…… The House of Representatives has grilled the Nigeria National Petroleum Corporation (NNPC) and Brentex CPP a company alleged to belong to Chinese government using Nigerians as fronts. The $2.6 billion AKK project is suppose to be carried out under the local content law which Brentex CCP may have allegedly breached. ...

Read More »

NNPC: Crude Oil Swap Contracts Extended to June

The Nigerian National Petroleum Corporation (NNPC) crude oil swap has been extended to June . This contracts with private companies to swap crude oil for fuels has been on over the years This extension is a second one of the one-year contracts to exchange more than 300,000 barrels per day (bpd) with 15 company pairings, which had been set to ...

Read More »

NDPHC Sets to Supply Power to West African Countries

The Niger Delta Power Holding Company (NDPHC) has reached agreement to supply power directly to Republic of Togo and are also in discussion with Paradise City in Cross River state using spare capacity at the Calabar Power plant. The Executive Director, Generation, NDPHC, Engr. Kassim Abdullahi disclosed this after inspecting the plant at the weekend in Calabar. The plant, which ...

Read More »