The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has assured Nigerians that the Federal Government, as part of its current efforts to end petroleum product importation soon, will ensure that the Port Harcourt refinery resumes operations by the end of this year. The minister, who was accompanied by the Minister of State […]
…threatens to replace inactive contractors The Minister of Works, Engr. Dave Umahi, has directed Federal Government contractors with unused contract payments for jobs undone or any other reason to return such payments pending the time the affected contractors will be ready to move to site. The minister told the contractors that if for any reason […]
….Facilitates $1Bn Third-Party Investments The Nigeria Sovereign Investment Authority (NSIA) has disclosed that it committed $500 million to domestic infrastructure and enabled over $1 billion third-party investments in the country so far. The Managing Director/Chief Executive Officer of the Authority, Mr Aminu Umar-Sadiq, made this disclosure on Tuesday during an investigative hearing of the Ad-hoc […]
The Chief Executive Officer of Transcorp Group, Owen Omogiafo, has announced moves by the group’s management to add 2,000 megawatts to the nation’s grid before the end of this year. Omogiafo, who made this disclosure during a media briefing noted the previous challenges with gas and transmission but highlighted the impressive improvement recorded in Transcorp’s […]
The Nigerian Communications Commission (NCC) has indicated its readiness to highlight the achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE) 2023 scheduled to hold next week in Lagos. The commission’s Director of Public Affairs, Reuben Muoka, in […]
…. as industry’s contribution to GDP rises to 13.55% The Nigerian Communications Commission (NCC) has reported that Nigerian telecommunications industry’s domestic investment rose to 785,771,028,960.36 as at the end of December 2022. The just published ‘2022 Subscriber/Network Data Annual Report’ by the industry regulator showed that despite the huge investments to enhance their operations, the […]
The Transmission Company of Nigeria (TCN) has handed over the site for the reconductoring of the 8- kilometre Port Harcourt Main-Port Harcourt transmission line and the 10-kilometre Alaoji-Aba 132kV double circuit transmission lines in its Port Harcourt region to a contractor for execution. The General Manager, Ndidi Mbah, in a statement at the weekend indicated […]
The global IT spending in oil and gas market size is projected to grow from USD16320 million in 2020 to USD22330 million by 2027. Latest report from ‘360 Research Reports’, a global organization that provides research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of the market, estimated […]
Siemens Power, the German company handling Nigeria’s Presidential Power Initiative (PPI) designed to upgrade Nigeria’s grid hinted on Monday that the implementation of the project would be completed five years earlier than the 2030 earlier set for its completion. The Head of Business Development and Government Relations at Siemens Energy, Oladayo Orolu, who made this […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]