FG set to revamp Port Harcourt refinery
Businessam Staff
July 14, 2017
The Senate and the Federal Government have resolved to revamp the Port Harcourt Refinery as against rumoured plans to concede the facility, News Agency of Nigeria (NAN) reports. Sen. Abubakar Kyari, Chairman, Senate Ad Hoc Committee on Planned Concession of the Refinery, made this known at a public hearing on the issue in Abuja Thursday. […]
Nigeria’s University generates N5m from waste recycling
Businessam StaffJuly 10, 2017
Nigeria’s higher instutution of learning, University of Lagos (UNILAG) through its recycling initiative realised about N5 million from waste generated by the university community, Sade Nubi, Senior Environmental Engineer told News Agency of Nigeria (NAN) in Cape Coast, Ghana at the ongoing Africa Cleanup conference. She said that the university generates about 32.2 tons of wastes monthly […]
Fashola gets NUPENG affiliate’s backing in budget face-off with NASS
Businessam StaffJuly 9, 2017
An affiliate group of Nigeria’s strong petroleum and gas workers union, NUPENG, has provided what is one of the strongest support yet for powerful power, works and housing minister, Babatunde Fashola, in the ongoing face-off between him and the country’s lawmakers at the National Assembly over distortions in the ministry’s 2017 budget, recently passed by […]
Nigeria Delta communities demand stake in ex-Shell oil block
Businessam StaffJuly 8, 2017
A group of communities in Nigeria’s Niger River delta demanded a stake in an oil block it said it was promised when Royal Dutch Shell Plc sold its share to a local company six years ago. The communities in the Gbaramatu district, near the southern oil town of Warri, want 5 percent of a lease […]
Poor funding, low tariff bane of irregularities in power sector — IBEDC
Businessam StaffJuly 6, 2017
Dele Ayodele, the Deputy Managing Director, Ibadan Electricity Distribution Company (IBEDC) on Thursday identified poor funding and low tariff charged by Distribution Companies (DISCOs) as the bane of irregularities in the power sector. According to NAN’s report, Ayodele in Lagos said that due to the lack of a cost-reflective tariff in the sector, funding has […]
Three ships arrive Lagos ports with petrol, other commodity
Businessam StaffJuly 4, 2017
Three ships laden with various products, including petrol are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position”, a copy of which was made available to the NAN in Lagos that two of the vessels had petrol consignment. It said that […]
Abuja Disco to procure $3.7m prepaid meters
Businessam StaffJuly 4, 2017
The Abuja Electricity Distribution Company (AEDC) is set to procure additional 30,000 prepaid meters worth $3.7 million to intensify mass metering of customers in its franchise locations, NAN reports. The locations are Kogi, Niger, Nasarawa and the Federal Capital Territory. The Managing Director of AEDC, Mr Ernest Mupwaya said this on Tuesday in Abuja, while […]
Nigeria energy forum to focus on gas-to-power challenges
Businessam StaffJune 29, 2017
The forthcoming Nigeria Energy Forum (NEF) will focus on gas-to-power challenges in the country, Adekunle Makinde, the former Chairman, Nigeria Institution of Electrical and Electronics Engineers (NIEEE) said in Lagos Thursday. According to NAN, the forum, which will be organised by a team of young academics and researchers from the UK, in collaboration with NIEEE […]
FG approves N701bn assurance system payment for electricity companies
Obodo EjiroJune 21, 2017
The Federal Government has approved assurance system payment of N701 billion to improve liquidity in the Nigerian electricity value chain, Yemi Osinbajo, Nigeria’s Acting President , has said. The move is expected to break the gridlock in liquidity faced by electricity companies which are at the core of generating and distribution power in Nigeria. Industry […]
Kebbi, Cross River, Borno lead states with high cost of cooking gas (LPG)
Niyi JacobsJune 19, 2017
A National Bureau of Statistics (NBS) report has revealed that Kebbi state has the highest cost of cooking gas in the country with average refilling cost of N5,375 per 12.5kg cylinder followed by Cross River (N5,330) and Borno (N5,300). The statistics agency also said the cost of refill within the months of April and May […]