An solar energy expert, Ademola Fadunsi, has identified the inability of local commercial banks to grant loans to investors in the solar energy sub-sector as major impediment to the growth of that market. The chairman of AO Demarg, a solar energy service and equipment supplier, who spoke recently in Abuja,...
Many would have thought that the President Muhammad Buhari-led Federal Government would by now got some things right in the energy sector since assuming office in May 2015. Sadly, this has not been so as some of these details indicate. Cash call payment to the Joint Venture Partners Given the heavy...
The last may not have been heard about the lingering fuel crisis currently rocking the country as the Association of Mega Filling Station Owners of Nigeria (AMFSON) threatened to expose all responsible for the scarcity in the country. AMFSON is the umbrella body of filling stations branded in the colours...
Oil dropped towards $69 a barrel on Thursday, January 18, pressured by a reported rise in U.S. fuel stocks and expectations that OPEC-led efforts to boost prices by cutting output will increase supply from the United States and other rivals. Brent crude, the global benchmark, slipped 35 cents to $69.03...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has conferred a distinguished award on the Group Managing Director of the of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, for promoting industrial harmony since assumption of office. In a statement signed by Mr. Ndu Ughamadu, Group General...
For the year 2017, Audi AG increased its global sales, for the eighth year in a row. Despite a turbulent first half of the year, the company achieved a new record-breaking figure: Around 1,878,100 deliveries represent an increase of 0.6 percent. A statement explained that the four Rings sold more than...
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country’s oil industry.
The Federal Executive Council (FEC) yesterday approved a framework to boost transmission of power to Nigerians.
Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530 million finance deal with Vitol Group and local banks. Shoreline will seek to boost production to between 80,000 and 100,000 barrels a day this year, Chief Executive Officer Kola Karim said. The company...
The 11 electricity Distribution Companies, DisCos, in Nigeria, paid N3.3 billion of the N9.7bn invoice for service provider charges issued for November, the Market Operator, MO, a section of the Transmission Company of Nigeria, TCN, has said. A presentation during the recent 23rd monthly sectorial meeting by the Head of...