Wednesday, May 15, 2024

Yearly Archives: 2017

Opportunity to Build Gas Power Plant Exists in Akwa Ibom — Udoh

  The Commissioner for Information, Akwa Ibom State, Mr. Charles Udoh, has disclosed that the state government is putting in place infrastructure to attract foreign investors...

Ikeja Electric Signs N570m MOU with Mojec for Transformers, Meters

  In order for customers to get a more transparent and accurate bill, Ikeja Electric Plc has signed a N570 million Memorandum of Understanding (MoU)...

Ghana Gets €100M Grant from Germany for Its Renewable Energy Sector

Germany has signed with Ghana a memorandum of understanding providing the West African nation €100 million to develop its renewable energy sector. The provision of...

Siemens-Led Consortium to Power Cross River State

  Nigeria’s Cross River state signed an agreement with a consortium led by Siemens to build a 750-MW power plant. The gas-based infrastructure will consist...

South Africa Gets New Energy Minister

Seven months after the latest ministerial reshuffle, South African President Jacob Zuma is once again changing the energy minister. In a statement issued by the...

Bruce Burrows is Aiteo’s New CFO

  Aiteo has announced the appointment of Bruce Burrows as Global Group Chief Financial Officer (CFO). Bruce brings a wealth of experience from different parts of...

Against Skeptics’Expectation, a Balanced Oil Market Now In Sight, OPEC

By Oge Obi The Organisation of Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo has said that against skeptics disbelief on its December...

Ghana’s Parliament Divided Over AMERI as Abrogation Of Contract Looms

By Gilbert Borketey Boyefio   The controversy surrounding the Build, Own, Operate and Transfer (BOOT) agreement between the Government of Ghana and Africa and Middle East...

Glencore Set to Buy $973m worth of Assets from Chevron

Mining giant, Glencore has entered into an agreement to purchase 75 percent interest in Chevron South Africa, as well as a 100 percent stake...

Ontario Oil Denies Fraudulent ‎Sales of Petroleum Products

The management of Ontario Oil and Gas Limited has denied any fraudulent transactions of refined petroleum product as alleged by a Bank. Fielding questions from...

Vitol Says Oil Deal with Noble Group is ‘Complicated‘

Vitol Group’s negotiations to buy Noble Group Ltd.’s oil trading unit are “very complicated” and may not end in a deal, the chief executive...

Nigeria’s House of Reps Set to Investigate INTELS Contract Termination

By Oge Obi Nigeria’s House of Representatives, after a heated debate on the alleged unlawful termination of the Integrated Logistics Services' (INTELS) pilotage agreement with...

“We Need an Ecosystem That Educates, Enlightens, Empowers, Engages and Creates Entrepreneurs (5E’s) Of National Development and Socio-Economic Transformation” – Dr Amao

Dr. Ibilola Amao is the Principal Consultant of Lonadek. She is an alumnus of Manchester Business School, Bradford University and Queen Mary College, University...

How Nigeria ought to have developed with oil money – NNPC GMD

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has lamented that Nigeria with oil ought not to be economically...

Axxela invests N216bn to boost gas infrastructure in Nigeria – Osunsanya

Axxela Limited, an indigenous gas player, has spent a whopping N216 billion ($600 million) in the development of over 260 kilometres of gas pipeline...

Ghanaian Head Coach to invest €14.5M in solar equipment factory

Kwesi Appiah, coach of Ghana’s national football team, the Black Stars, has announced that he wishes to build in Ashaiman, in the Greater Accra...

Niger and Benin Republics settle $64 million Power debt to Nigeria

Settling a debt for power supplied, Niger and Benin have paid Nigeria $64 million (CFA35 billion). This was disclosed by Babatunde Fashola, Nigeria’s minister of...

BNP Paribas subsidiary to invest CFA9.2 billion in Essakane solar power plant in B/Faso

By Dirisu Yakubu with agency reports In Burkina Faso, the 15MWc solar plant which is to power the Essakane goldmine will be financed by the BICIAB,...

NERC renews power generation licence for Afam VI Power Plant

THE Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 24.16...

NNPC announces completion of 539km of gas pipeline project

Nigerian National Petroleum Corporation (NNPC) has officially announced that it has completed, commissioned and delivered 500 kilometers (km) of gas pipelines between 2010 to...

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