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Author Archives: admin

Niger and Others Paid $34.4 Million Out of $50.99 Million Electricity Bill in 15 Months

Nigeria’s international electricity customers including Togo, Niger and the Benin Republic have failed to remit a total of $16.11 million for electricity consumed in the first quarter of 2023(q1,2023) translating to a total of $34.4 million as the value of electricity exported to the three countries in 15 months. The Nigerian Electricity Regulatory Commission (NERC) made this known in its ...

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Shell, Partners Revamp Flood-Ravaged Hospital in Niger Delta

Photo: L -R: Head of Government Relations, Shell Petroleum Development Company of Nigeria (SPDC) Meshack Asomba; SPDC’s Community Health Manager, Dr. Akinwumi Fajola; Chief Medical Director, Rivers State Hospital Management Board, Bright Ogbonda; traditional head of Edagberi, Sunny Ubele; SPDC’s Corporate Relations Manager, Evans Krukrubo; and the Production Unit Manager, Oluseyi Adeleke, at the reopening of the Edagberi Cottage Hospital ...

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Seplat Energy’s Gas Revenue Grows to $63.7 Miillion Year-on-Year

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a rise in sales volume. ...

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Eko DisCo to Fix Ibeju Lekki Supply and End Four Years of Power Outages by December

…….by Ben Ndubuwa……. The Eko Electricity Distribution Company (EKEDC), is set to fix the irregular power supply along the Ibeju-Lekki corridor and end the over four years prolonged power outage in that part of Lagos State by December 2023. Dr Tinuade Sanda, Chief Executive Officer, EKEDC, said this in Lagos at a town hall meeting that the company would deploy ...

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Russia Africa Summit : Nigeria Push for Speedy Completion of Ajaokuta Steel

Photo : Abdullahi Shehu, Nigerian Ambassador to Russia (left) and His Excellency, Kashim Shettima, Nigeria Vice President at the Russia Africa Summit held in Russia. Due to the quest for rapid industrial revitalization, the Federal Government has stated that speedy completion of Ajaokuta steel company was a major motivation that encouraged her to attend the Russia African Summit.The Vice President, ...

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Chevron Nigeria Onboards Agbonu Ogulagha-Ibe Host Community Development Trust

Photo : The HCDT members, training facilitators and CNL representatives in a group photograph after the onboarding workshop. Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, (NNPCL/CNL JV), has successfully completed an onboarding workshop for members of the Board of Trustees (BoT), Management Committee (MC) and Advisory Committee (AC) ...

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Wabote Advocates Corporate Governance for Indigenous Oil Firms, Commends Aradel Holdings

Managing Director Chevron Nigeria Limited and Chairman of Oil Producers Trade Section, Mr. Richard Kennedy; Director Corporate Services, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Patrick Daziba Obah; Director, Monitoring and Evaluation, NCDMB, Mr. Akintunde Adelana; Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure (HPPITI), NMDRPA; Francis Alabo Ogaree, Managing Director of Aradel Holdings, Mr. Adegbite Falade; Mrs. ...

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NERC Grants Two Licenses for Generation and Distribution to Firms in Ekiti State

The National Electricity Regulatory Commission (NERC) has granted two companies in Ekiti State licenses for power generation and another for distribution. The Ekiti Independent Power Project Limited is to operate an embedded power generation in Ekiti State Capital, Ado Ekiti. Mobolaji Aluko, a professor and special advisor to the state governor on infrastructure and public utilities, made this known while ...

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NNPCL Partners with NIPCO to Expand CNG Infrastructure Nationwide to Service 200,000 Vehicles Per Day

R-L: NNPC Executive Vice President, Upstream, Engr. Adokiye Tombomieye; Group Chief Executive Officer of the NNPC Limited, Mallam Mele Kyari and Managing Director of NIPCO Gas, Nagendra Verma ….…..by Ben Ndubuwa….. In line with the directive of President Bola Tinubu to provide alternative fuel option to Nigerians following the removal of subsidy on Premium Motor Spirit, the Nigerian National Petroleum ...

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Eroton Rekindles Interest on Shell’s Oil Assets In Nigeria

There are still indications that Eroton Exploration and Production Limited is still interested in some assets owned by Shell Nigeria. Eroton is said to have rekindled interest on some assets that Shell is about to dispose. Eroton has stayed its eye on these assets for a long time now and ready to grab the assets when Shell decides to sell. ...

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