Consult Widely Before Reducing Nigeria’s Share in Oil Joint Ventures – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Wednesday urged the Nigerian government to consult widely over the proposal to convert the Joint Venture Contracts (JVC) in the oil and gas industry to Incorporated Joint Ventures Company (IJVC). Highlighting the merits and demerits of the two options, the Commission said it was necessary to […]

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Oil, Gas Firms To Provide Electronic Surveillance Of Facilities

Foreign and indigenous firms operating in the Nigerian oil and gas industry will have to install electronic surveillance gadgets on their facilities in a bid to curb the vandalism of oil installations across the country. This was one of the highlights of conclusions at a two-day stakeholders’ consultation on the draft National Gas Policy and […]

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NNPC Seeks Buyers For Crude Oil

The Nigerian National Petroleum Corporation (NNPC) has invited local and foreign firms to bid for contract for the sale and purchase of Nigerian crude oil grades in 2017. The Corporation in a tender notice issued yesterday said it will give special consideration to companies that own refineries that can process Nigerian crude, indigenous oil and […]

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TCN Wheels Out 4,362mw Of Electricity To 11 DISCOs

The Transmission Company of Nigeria (TCN) on Friday wheeled out about 4,362 megawatts of generated electricity to the 11 distribution companies as the country’s power supply stabilises. The News Agency of Nigeria (NAN) reports that the power generation data was obtained from daily forecast on the Nigerian Electricity System Operator (SO) website. The website shows […]

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Kaduna, Kano To Generate Electricity From Solid Waste

Kano and Kaduna state governments have concluded plans to generate electricity from solid waste. Environmental officials in the two states gave the indication in separate interviews with the News Agency of Nigeria (NAN). Malam Ahmed Salihu, Director of Environment, Kaduna State Ministry for Environment, said that plans to generate electricity from domestic waste had gone […]

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Energy Crisis: 10 Power Plants Shut, 1,041MW Lost

The nation’s power generation fell by over 1,000 megawatts as four power plants were down on Saturday, bringing the total number of plants not generating electricity at the moment to 10. The nation recorded a total system collapse on Friday, September 16, 2016, the 17th time this year, industry data obtained by our correspondent on […]

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Electricity Consumers Commend Govt Over Improved Power Supply

Residents in Lagos, domiciled within the Ikeja distribution companies network, IKEDC, have expressed deep appreciation to the government for the improvement in power supply even as they called on the consumer units of the various DISCOs to be alive to their responsibilities by responding swiftly to complaints. In a random interviews conducted by Independent, it […]

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