FG, CBN to create FX window for power sector

Fashola, has disclosed that a new policy intervention to protect power investments in the country from the volatilities of her foreign exchange regime would...

NNPC is developing new technology to check oil theft – GM

The Nigerian National Petroleum Corporation (NNPC), says plans are underway to develop a technology that will help the nation curb oil theft, Premium Times...

Report alleges Oando is under investigation by SEC, Oando says claims “unsubstantiated”

Integrated Energy Trader, Oando Nigeria PLC is allegedly under a comprehensive investigation by the Securities and Exchange Commission (SEC), Channels TV reports. Channels Television learnt...

TechnipFMC loads out umbilicals for Total’s Egina project

Energy services company TechnipFMC on Monday posted a photo on social media channels showing the loading of water injection umbilicals for Total’s Egina project...

DPR issues new guidelines for establishing modular refineries

The Department of Petroleum Resources (DPR) has issued new guidelines for the establishment of hydrocarbon processing plants. It also issued an addendum “supplementary guidelines...

NERC to forcefully recover revenue from power firms

The Nigerian Electricity Regulatory Commission (NERC) on Monday stated that it had commenced enforcement procedures against power distribution companies in relation to the remittance...

Addax agrees to pay 31m Sfr to settle Swiss bribery charges

The Geneva prosecutor's office said on Wednesday that Addax Petroleum has agreed to pay 31 million Swiss francs ($32 million) to settle charges of...

N701bn power sector funding detrimental to banking system – MPC

Professor Uche Chibuike, a member of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has frowned at the whopping N701...

FG, China to produce transformers, solar panels in Nigeria

Following a 2013 agreement, the Federal Government has concluded plans to scale up the local manufacturing of power transformers and solar panels in partnership...

Oando receives first drone operator certificate from NCAA

Oando Plc has become the first organisation in Nigerian to be issued the Remotely Piloted Aircraft/Drones (RPAS) Operators Certificate (ROC), Independent reports. The certificate was...

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