Energy

Vice President Yemi Osinbajo has lamented that in spite of Federal Government’s efforts at improving power generation in the country, electricity distribution companies (DISCOs) have failed to deliver uninterrupted power supply due to infrastructure challenges. Osinbajo stated this at the ...

The Environmental Rights Action (ERA) has urged the Federal Government to discard oil and gas dependence for renewable energy sources as a sustainable solution to Nigeria’s power supply challenge. Its executive director, Dr. Godwin Uyi Ojo, noted that government had ...

As at April 2019, total revenue shortfall in the Nigerian power sector amounted to N309b because power distributors and transmitters could not meet their obligations due to illiquidity in the sector. A former Managing Director of the Transmission Company of ...

The Federal Government has obtained a loan from the International Development Association (IDA) to improve the attractiveness of the nation’s mining industry. Moreover, it had finalised an agreement with a French firm, SOFRECO, to develop a programme for inclusion of ...

Abuja Electricity Distribution Company (AEDC) has enjoined Nigerians not to expect a regular supply of electricity any time soon. Corporate affairs manager of the company, Mr. Fadipe Oyebode, while refuting claims in some quarters that AEDC was deliberately denying the ...

The Federal Executive Council (FEC) has approved a $1 billion loan from Chinese EXIM Bank for the 360 megawatts capacity Gurara II hydro-power project. It also sanctioned N5.7 billion as revised contract of Nkari Dam in Akwa Ibom State. Minister ...

The Transmission Company of Nigeria (TCN) has confirmed that Boko Haram insurgents attacked its 330/132V transmission substation at Molai in Maiduguri, Borno State. Its General Manager Public Affairs, Ndidi Mbah, who made the confirmation in Abuja, stated that the violence ...

The Federal Government has concluded arrangements with the United Kingdom (UK) to understudy the cleanup and remediation programme of Ogoniland, which has been a victim of environmental degradation for decades. The United Nations Environment Programme (UNEP) is facilitating the visit ...

Nigeria’s crude production may rise further by additional 160,000 barrels per day (bpd) with the completion of Pan Ocean Oil Corporation Nigeria Limited’s three oil and gas infrastructure. Although Federal Government key assumptions and micro-framework for the 2019 budget is ...

The Department of Petroleum Resources (DPR) in Bayelsa State has vowed to sanction marketers selling the Premium Motor Spirit (PMS) above 145 per litre. It was irked by the sudden hike in the price of PMS (petrol) to N160 per ...