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    FG To Clear MDAs’ Debts To DISCOs Before Year End

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    The minister of power, works and housing, Babatunde Fashola, has disclosed the federal government’s plans to pay off legacy electricity debts owed to the 11 electricity distribution companies (DISCOs) in the country by its ministries, departments and agencies (MDAs). The minister stated this yesterday while speaking at the public dialogue organised by the Kukah Centre…

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    Geographers Seek Licences For Mini-refineries

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    The federal government has been advised to give licences to mini-refineries as a measure to resolve the perennial problems of fuel scarcity, illegal oil bunkering and militancy as well as create employment for youths in oil producing areas. Some of the mini-refineries, often referred to as illegal refineries, use the modular technology to produce petrol…

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    NNPC To Fund JVC With Equity, Debt

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    The Nigerian National Petroleum Corporation (NNPC) is adopting the use of equity and debt as an alternative to the present Joint Venture Cash (JVC) calls funding arrangement, LEADERSHIP can report. LEADERSHIP learnt exclusively that the new JV funding arrangement entails the use of equity and debt to finance NNPC’s share of JVC calls thus relieving…

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    Lugbe Electrocution: Need To Ensure Standard Connections To Electricity Network

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    The recent electrical accident in which a snapped transformer in Lugbe, Abuja, resulted to the electrocution of three persons and injuring five others, has again brought to the fore the need for emphasis on proper connections and wiring in the Nigerian electricity network. Juliet Alohan writes Our reporter who visited the affected community reports that…

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    Operators Review Highs, Lows Of Electricity Sector

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    Operators across the value chain of the country’s power sector have expressed regret over an electrical accident in Lugbe area of the Federal Capital Territory which resulted in injuries and unfortunate loss of lives. The operators which gathered to review the highs and lows of the Nigerian Electricity Supply Industry (NESI) during the 7th monthly…

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    Economy: FG To Boost Increased Local Ownership Of Crude Lifting Tankers

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    Contracts for lifting Nigeria’s crude oil will begin to yield tangible benefits for the Nigerian economy going by the renewed commitment by the Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC), the Nigerian Maritime Administration and Safety Agency (NIMASA) and other stakeholders in the oil and gas industry to grow…

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