Senate finally endorses PPP model for refineries’ repairs

The Senate has finally endorsed the private-public partnership (PPP) for the repair of the country’s four refineries, The Nation reports. The lawmakers through the Joint...

Federal government has approved new oil policy – Kachikwu

The Federal Government has approved a new policy on oil administration in the country. The approval is sequel to a memo presented to the Federal...

IAEA gives Nigeria top ratings on nuclear energy, radiation safety

Following its various assessments of Nigeria's preparedness for nuclear energy use, the International Atomic Energy Agency (IAEA) has rated Nigeria highly in the area...

FG lost $6bn to DPR’s poor management of divested oil assets

Nigerian exploration and production (E&P) operators have said that the federal government lost an estimated $6 billion as a result of the Department of...

NERC mulls review of MYTO load allocation for Discos

The Nigerian Electricity Regulatory Commission (NERC) may either abandon or review for optimal use, its practice of allocating maximum generated quantity of electricity on...

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...

NERC gives customers 21 days to react on Fashola’s eligibility declaration

The Nigerian Electricity Regulatory Commission (NERC) has given electricity customers 21 days to react on the recent declaration of eligible customers in the power...

Nigeria’s extractive industry still opaque despite improvements – NRGI

A report on opacity in the extractive sector conducted by an independent non-profit organisation, the Natural Resources Governance Institute (NRGI) ranked Nigeria 55th out of...

SON intercepts N8bn worth of fake electric cables in Lagos

The Director-General of Standards Organisation of Nigeria (SON), Osita Aboloma on Monday said the agency intercepted over N8 billion worth of substandard electric cables,...

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