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Nigeria International Humanitarian Summit Postponed

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has announced the postponement of the first Nigeria International Humanitarian Summit earlier scheduled to hold from November 30th to December 2nd, 2022 at the State House Banquet Hall, Abuja. While expressing regret over inconveniences the postponement may have caused all the prospective participants, Dr. Nasir Sani-Gwarzo, Permanent Secretary, Federal ...

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Africa Requires $190 Billion Annual Investments to Achieve Energy Goals

Africa will require about $190bn worth of investments annually between 2026 and 2030 to meet its energy and climate goals to boost socio-economic prosperity on the continent. This was disclosed by Seyi Sobogun, Head, Capital Projects, Egbin Power Plc, a Sahara Power Group Company, while delivering a paper titled “Energy Mix – The Challenges with Funding and Deploying Commercially Viable ...

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Logistics and Forex Bane of Fuel Scarcity as Depot Owners Pay $70,000 Against $30,000 Per Day for Vessels

……..by Ben Ndubuwa……There are strong indications that the current scarcity of Premium Motor Spirit otherwise known as Petrol is attributable to logistics challenges and the increasing exchange rate of the dollar to naira. Financial Energy Review learnt that the logistics challenges include in the cost of paying in dollars to transport the product from the mother vessels usind daughter vessels ...

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Ikeja Electric bags Best Performing Disco, Most Gender Diverse Utility Company in 2022

Lagos, Nigeria; 23rd November 2022: Leading Electricity Distribution Company, Ikeja Electric Plc (IE), has emerged the Best Electricity Distribution Company of the year and Most Gender Diverse Utility Company while the Board Chairman of the company and Executive Director of Sahara Group, Mr. Kola Adesina MFR bagged the Power Sector Lifetime Achievement Award at the maiden edition of Nigeria Power ...

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Finance Act 2020 May Force Oil Marketers to Close Shop Over 0.5 Percent Tax on Gross Turnover

……..as marketers groan under meagre profit margin……. ………by Ben Ndubuwa……..The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole has said that some Oil marketers will close shop by next year due to the introduction of 0.5 percent corporate tax on the gross turnover of petroleum products marketing companies through the finance act 2020. ...

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Ikeja Electric Cautions Against Damages to Electricity Infrastructures by Vehicles and Other Road Users

In a continued effort to ensure safety and protection of electricity infrastructure in its coverage area, Ikeja Electric Plc has cautioned against damages to it’s electricity Infrastructures by reckless driving; which consequently leads to total blackout in some communities within its network. The Head of Quality, Health and Safety Environment, Ikeja Electric, Engr Jamiu Badmos, said in a statement that ...

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Nigeria FDI and Ease of Doing Business Under Threat as NLNG May Be Forced to Pay M18.4 Billion

Stakeholders in Africa, particularly in the Nigeria’s oil and gas sector, on Monday, raised the alarm over fresh threat to the Foreign Direct Investment (FDI) and Ease of Doing Business in Nigeria as the National Assembly led by the Senate is pushing for the Nigeria Liquefied Natural Gas (NLNG) to pay N18.4 billion to host communities for right of way ...

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NLNG Commences Commissioning Of University Teaching Hospital Projects In 12 States

. Nigeria LNG (NLNG) Limited Friday,commenced the commissioning of Phase 1 projects in its multi-billion-naira Hospital Support Programme (NLNG HSP) with the opening of a maternity centre at the University of Abuja Teaching Hospital (UATH), Gwagwalada. It will also commission new Intensive Care Units (ICUs) at the University of Benin Teaching Hospital (UBTH) and the Niger Delta University Teaching Hospital ...

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Shell Begins Distribution of $1 Million Relief Materials to Support Flood Victims in the Niger Delta

A Leading energy company and key stakeholder in the Niger Delta, Shell, has called on other players in the region to join in the efforts to provide relief materials for people impacted by the recent flood disaster and work together towards helping these victims restore their lives to normal. This is as Shell commenced distribution of relief materials to some ...

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Flood: Heritage Energy Support Host Communities with N50 Milliom in Delta State

Heritage Energy Operational Services Limited (HEOSL), Operator of the OML 30 Joint Venture (JV) between NNPC E&P Limited (NEPL) and Shoreline Natural Resources Limited (SNRL), on behalf of the JV partners, has donated relief materials worth over N50million to 10 communities in its area of operation affected by the recent flood disaster, which has ravaged several communities in the delta ...

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