Seven Discos face NERC’s sanction over uncapped estimated billing
Businessam Staff
June 10, 2020
Nigerian Electricity Regulatory Commission (NERC) yesterday gave seven Distribution Companies (Discos) 14 days to explain why they
FG bars debtors from bidding for oil fields
Businessam StaffJune 5, 2020
Companies, including their promoters, indebted to the federal government will not be allowed to participate in the newly launched bid
World Bank, AfDB, inaugurate $550m solar off-grid power plants to serve 30,000 MSMEs, 300,000 households in Bayelsa
Ben EguzozieJune 4, 2020
…targets universities, teaching hospitals in Nigeria Global money lender, the World Bank and African Development Bank (AfDB), in
Oilfield bid round: FG may generate N3.17bn from fees
Businessam StaffJune 4, 2020
The federal government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer for bidding, data
Senate summons finance minister over N1.8trn power intervention funds
Businessam StaffJune 4, 2020
The senate committee on power, said on Thursday that it has perfected plans to begin a three-day investigative hearing with the
Oil rebound eases concerns about devaluation of Nigeria’s naira
Businessam StaffJune 3, 2020
The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be unavoidable.
Brent oil rises to $40 amid hopes for recovery
Businessam StaffJune 3, 2020
Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend
N’Assembly raises 2020 budget oil price benchmark to $28
Businessam StaffJune 3, 2020
The National Assembly yesterday increased the oil price benchmark to $28 per barrel from the $25 proposed by the executive in the
Govt invites investors to bid for 57 oil fields
Businessam StaffJune 2, 2020
The federal government, through the Department of Petroleum Resources, has put on offer 57 marginal fields for licensing as part of
Power distributors sue FG over business interference
Businessam StaffMay 29, 2020
Electricity distribution companies have dragged the federal government to court to restrain it from further interfering in the