• Leasing Firms Plead For Long Term Funding For Efficiency

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    Leasing firms across the country are pleading for cheap long term funding to enhance the capacity of lessors to deepen leasing penetration in the country. Speaking on behalf of the leasing operators at the Quarterly Business Forum of the Equipment Leasing Association of Nigeria (ELAN) in Lagos, the chairman, ELAN, Mr. Chuka Onwuchekwa, said, one…

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  • W/Bank Offers Solution To Africa’s Power Crisis

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    A new World Bank study has presented a sobering assessment of the financial health of electricity utilities in Sub-Saharan Africa, as it suggested how utilities can be profitable while extending affordable services for the poor. The bank said that a central but under-reported issue on the movement to reach universal access is the financial health…

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  • NLNG Act Amendment: Nigeria At Risk Of Losing $1.3bn Yearly

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    The managing director and chief executive officer of Nigeria LNG Limited (NLNG), Tony Attah, has again cautioned that government would end up losing$1.3 billion on annual basis if the legislature succeeds in amending the Act establishing the company. At the public presentation of its Facts and Figures on NLNG 2017 publication, a compendium of the…

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  • African CSOs Protest EU Hijack Of Renewable Energy Initiative

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    About 200 African civil society organisations have issued a strong condemnation of European manipulation and compromise of the Africa Renewable Energy Initiative (AREI). The organisations are protesting the actions of France and the European Commission, accusing them of risking the initiative and of bypassing processes including social and environmental criteria to push approval of projects,…

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  • Koral Energy To Enhance Nigeria’s Ebok Field Production Operations

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    Koral Energy International Limited (“Koral”) has acquired an FPU and the associated O and M contract from Singapore based Mercator, which is expected to  enhance the company’s service delivery to the Ebok field offshore Akwa Ibom and to further increase production operations. The acquisition marks the company’s first strategic investment in Africa’s energy sector. Koral…

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  • Electricity Consumers May Remain Without Meters As Controversy Trails Billing System

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    There are strong indications that millions of electricity consumers in the country who are yet to be metered may have to wait for a long time as the estimated billing system of electricity distribution companies (Discos) continues to generate controversies. LEADERSHIP Sunday’s investigation revealed that uncertainty still surrounds government’s implementation of electricity meter policy which…

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  • Private Sector Investments Threaten Fg’s Policy On Compressed Natural Gas – Experts

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    Federal government’s move to deepen the use of compressed natural gas (CNG) is being threatened by setbacks being experienced with private sector investments in the sub sector. Experts have described the market as potentially huge, attractive and capable of raking in conservatively N200 billion in revenue if properly coordinated and supported by government’s policy. Expressing…

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  • ExxonMobil Partners Kaduna State To Boost Secondary Education

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    Esso Exploration and Production Nigeria (Offshore East) Limited, an ExxonMobil affiliate company in Nigeria, has donated 5000 personal tablet computers to students in Kaduna state government-owned secondary schools,  under the State’s Smart Education Initiative, as part of efforts to improve students’ access to education within the state. The tablet computers are equipped with school curriculum,…

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  • FAO Seeks Release Of $62m For Nigeria’s Wet Season Farming

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    The Food and Agriculture Organisation (FAO) has urged the United Nations to facilitate the release $62 million to support wet-season farming in the north eastern part of Nigeria. The acting FAO country representative in Nigeria, Nourou Macki Tall, who made the appeal said,“In 2017, the FAO is asking for $62 million, under the Humanitarian Response…

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  • MRS Oil Makes History, Commissions Africa’s Largest Jetty

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    MRS Oil Nigeria Plc, yesterday commissioned a berthing terminal – Dantata Jetty, which has a capacity to berth vessels of 80,000 – 120,000 metric tonnes capacity at the Tin Can Island Port in Lagos. To underscore the importance of the project, five cabinet ministers and a horde of industry operators graced  the  ceremony. The record-breaking…

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