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Following President Muhammadu Buhari’s approval of one year deferment of the 35 per cent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Federal Government to review its decision to promote full local content in the manufacturing of pre-paid meters. The association says the directive to ...

by Musa Ibrahim………….. The Nigerian Content Development and Monitoring Board (NCDMB) had said that the local content Acts being implemented by the board has helped to save over $2 billion in the Procurement and Construction (EPC) contract for the Nigeria Liquefied Natural Gas (LNG) Train 7 Project. The Executive Secretary of the board, Engr. Simbi Kesiye Wabote, stated this on ...

by Abisoye Shola…………… A French Firm is to deploy Higher Technology to BUA Group 200,000 barrels per day planned refinery and petrochemical plant in Akwa Ibom State. The refinery is to be constructed by Axen, one of the French largest hydrocarbon firm. Axen was given the contract to license key refinery technologies to the BUA Group. The technology to be ...

Ikeja Electric Plc (IE), one of the largest electric distribution company (Disco) in Nigeria has said that Transmission Company of Nigeria upgrading one of its tower and the re-conduction of 132KV power line will disrupt it’s supply of electricity for a week in some of its locations According to Ikeja Disco some customers under its operational network will experience load-shedding ...

Electricity Regulatory Commission (NERC) has approved new hike in electricity tariff beginning today September 1. This comes three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve the date to the first quarter of 2021 due to the current economic challenges in Nigeria. Accordingly to ...

by James Ikenna…………………. Chairman’s and Chief Executive Officer, Lekoil Limited, Lekan Akinyanmi has said that the priority for for the company in the year 2020 is to advance towards the start of the drilling programmes at both Otakikpo and Ogo in OPL 310. “The next two years will prove to be transformative and provide key catalysts for value appreciation for ...

The Director General and Chief Executive Officer of Department of Petroleum Resources (DPR), Sarki Auwal has said that with five built refinery plants across the country and seven coming onstream Nigeria will be a net exporter of petroleum products in the next two years. Auwalu disclosed this in Lagos when the Minister of Information and Culture, Alhaji Lai Mohammed paid ...

…secures $10bn investment commitments, targets 7,000 jobs…… The Federal Government has approved a new oil and gas free zone for Akwa Ibom State. The new free zone, which is jointly promoted by the Akwa Ibom State Government, the Nigerian National Petroleum Corporation (NNPC) and an American private equity investor, the Black Rhino Group, has already reported investment commitments worth more ...

The Nigerian National Petroleum Corporation (NNPC), has earned about $9,864,670,742 about N3.6 trillion at N360 per dollar. This is between May 2019 and May 2020 as contained in the corporation June 2020 monthly financial details as released. The financial report indicated that within this period, a total volume of 800 million barrels of oil and condensate was lifted by all ...

……..Plant set for unveiling….. The Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, has said that Dangote Fertilizer Company Limited is key to the federal government Agricultural Transformation Agenda, which is to boost food security in the country Besides, the construction of the Fertiliser plant has been fully completed and is set for commissioning in the next few ...