Nigerian News from Leadership News
  • Emergencies: IDA Votes $1.6bn For Nigeria, Others

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    International Development Association (IDA), a World Bank group has announced a $1.6 billion support package for emergencies, with critical support going for famine relief in northern Nigeria, where an estimated 20 million people are at risk of famine. The assistance will also be extended to Yemen, South Sudan and Somalia. Axel van Trotsenburg, vice president…

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  • Eko Disco Moves To Recover N4.2bn Debt

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    Eko Electricity Distribution Company Plc (EKEDCP) said it has set up a task force to inspect houses of consumers and henceforth would impose penalty on anyone caught in energy theft. The Disco is also offering anyone who reports energy theft 20 per cent of the money so recovered. Chief executive officer of EKEDCP, Mr Oladele…

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  • OVH Energy Moves To Deepen Cooking Gas Awareness

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    OVH Energy Marketing, licensee of the Oando retail brand is deepening awareness on the use of Liquefied Petroleum Gas, LPG, or otherwise called cooking gas. The latest campaign featured at the just concluded cross regional Teens can cook competition. The O-Gas teens can cook competition, sponsored by the Nigerian Bottling Company (NBC) is part of…

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  • European Commission Plan $5bn Energy Projects In Africa

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    The European Commission has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The Commission said this initiative is in line with its wider efforts in the implementation of the 2030 agenda on sustainable development and the Paris Climate Change Agreement. Launched in December 2015 at COP21,…

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  • Nigeria To Earn N3trn From New Oil Field

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    As Nigeria grapples with the economic challenges it is presently enmeshed in, indications have emerged of a brighter future in the nation’s oil and gas sector, with a new oil reserve which has been estimated to generate upwards of N3 trillion for the country. The oil reserve discovered last October by United States’ oil giant,…

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  • BCL To Acquire New Oil Fields

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    An indigenous oil and gas firm, Baywood Continental Limited, is making new investment decisions that will see the company becoming a major player in the power sector. The company which sees opportunities in Nigeria’s energy sector anticipates upscaling its operations by acquiring new marginal oil fields divested by international oil companies, IOCs, as well as…

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  • Nigerian Oil Firm Targets 10,000 Bopd At Otakikpo Field

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    Lekoil, an oil and gas exploration and development company has announced commencement of continuous production from the Otakikpo Marginal Field in OML 11. This follows the completion of a six-kilometer offshore pipeline leading from the storage tanks to the tanker offloading manifold at the Otakikpo field. The company also stated that all onshore facilities and…

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