The Nigerian National Petroleum Corporation (NNPC) has disclosed that it won’t sell its equity in oil assets because of low oil prices and general poor state of the industry.

Group Managing Director, NNPC, Mallam Mele Kyari, who disclosed this in a keynote address at the 45th Anniversary Lecture of the…

Members of Independent Petroleum Marketers of Nigeria (IPMAN) Anambra Chapter have threatened to shut operations following N13.6 million debt owed one of them by the Transport Company of Anambra State (TRACAS) since 2017.

The body has on August 4, issued a 21-day ultimatum to the Anambra State government to pay…

The Minister of State for Petroleum Resources, Chief Timipre Sylva on has unveiled the Nigerian Content Development and Monitoring Board (NCDMB) Gas Hub.

He also performed the groundbreaking ceremony of Rungas LPG Composite Cylinder Manufacturing plant, located inside the Gas Hub at Polaku community, Bayelsa State.

The…

The Eko Electricity Distribution Company (EKEDC) says it has filed an appeal against the judgment of an Igbosere High Court in Lagos which awarded N1 million damages against it in a suit filed by one Mr Sunday Babalola.

The General Manager, Corporate Communications, EKEDC, Mr Godwin Idemudia disclosed this in…

      …As Jos Disco meters 200,000 customers

The Chairman of Jos Electricity Distribution Company (JEDC) Plc, Mr Babangida Inuwa, has commended Nigerian government’s power agreement with the German company, Siemens AG, to upgrade the industry.

Siemens contract with Nigerian government last year entails the rehabilitation and expansion…

The volume of petrol imported into Nigeria in May dropped drastically by 72.65%, the Nigerian National Petroleum Corporation (NNPC) has said. This is not surprising given the general battery suffered by the economy as a result of Corona Virus.

The latest data from the NNPC showed that while the volume…

Many of the world’s oil capitals are experiencing a summer of discontent and it could be a glimpse of their future, Yahoo France said in a report.

From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent.

Iraq has…

     …The $220m GEDAP in Ghana example
With a strong push for solar energy from the World Bank and the International Finance Corporation, life for thousands of Ghanaians is beginning to change. 

The $220 million Ghana Energy and Development Access Project (GEDAP) is among the first Bank-financed programs to focus on inclusive access to renewable energy through…

Uganda’s state-owned Kiira Motors Corporation has said that it would begin the production of 5,000 electric vehicles every year, including buses, by 2021.

The motor corporation is collaborating with the Chinese manufacturer, CHTC Motor Co, a subsidiary of the Chinese state-owned Sinomach Automobile Co.

Afrik21 news agency…

Oilserv Limited in conjunction with Sir Emeka Okwuosa Foundation have distributed COVID-19 containment items and personal protective equipment worth over one hundred million naira to churches in Oraifite town and Dioceses in Anambra State.

Oilserv in a statement said that gesture was to support the efforts of the church and…