With a focus to progressively improve operations and deliver customer-centric services, Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE), has unveiled an ultra-modern undertaking office in Ikeja GRA to provide customers with improved access to quality service. The newly unveiled office is an upgraded facility designed to deliver positiveRead More

Oil marketers in Nigeria recently raised the alarm over N650bn owed them by the Federal Government in subsidy arrears, saying the settlement of the debts owed them will save their assets from being taken over by banks. The government is currently indebted to members of: Major Oil Marketers Association ofRead More

Ade Yesufu is the Commercial Director, Future Energy Nigeria. In this interview, he speaks on Nigeria’s power sector, the challenges bedeviling it and its attractiveness to investors. How will you rate the current government in terms of the power sector performance?  The Federal Government’s road map for solving the country’sRead More

The President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has stated that claims by the federal government to achieve 40 billion barrels in reserves by the year 2020 are not feasible. The Federal Government, through the Nigeria National Petroleum Corporation (NNPC), announced an outlook for 2018 to increase crude oil reserve byRead More

Polaris Bank Limited has identified Pan Ocean Oil Corporation’s OML-147 flow station at Owa- Alidinma and the Ovade-Ogharefe Gas Processing/LPG Propane Plant II, as laudable projects capable of generating significant cash flows. The Group Managing Director of Polaris Bank Limited, Mr. Adetokunbo Abiru, said this when he visited the siteRead More

If anyone ever needed any kind of convincing about the exceptional managerial qualities of Dr. Emmanuel Ibe Kachikwu, Nigeria’s Minister of State for Petroleum, the events of the past few weeks provide eloquent testimonies. Dr. Kachikwu, however, does not need validation. His sterling records, in private as well as inRead More

Stakeholders in the country’s oil and gas sector have accused oil companies of deliberately hiding information about the various deals they undertake, with the intention to dodge relevant tax payments. They alleged that some oil firms go abroad to sign deals on oil assets domiciled in Nigeria, and thus denyRead More

Eko Electricity Distribution Company Plc says the planned N100bn government support for the power sector will go a long way in bettering the fortunes of DisCos, if released. The power firm, which identified illiquidity as a major challenge facing operators, maintained that there is the need the support funding asRead More

The Nigeria Association of Energy Correspondents (NAEC) held her annual conference in August, at the Eko Hotel & Suites, Lagos. Below are some pictures from the event:  

The good old days are gone when the groundnut pyramids in northern Nigeria were a major contributor to the economy. They were the admiration of everyone from far and near; one of the pride of the nation. The production of groundnut in northern Nigeria dominated the West Africa region, 41%Read More