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Monday, August 10, 2020

COVID-19: NNPC, Total, Shell, 31 oil firms support Nigeria govt with $30m intervention

Abuja — The Nigerian National Petroleum Corporation (NNPC), Total, ExxonMobil, Shell and 30 other oil and gas companies operating in Nigeria, have intervened with over $30 million, an equivalent of N11.4 billion, in the country’s effort to tackle and contain the spread of the...

Nigeria wraps up summit to woo foreign investors

ABUJA, May 23 (Xinhua) -- Nigeria on Wednesday rounded off an investors' summit aimed at attracting long-term investment into some key sectors of the economy. The Nigerian government said it was working to ensure that investors made high returns when the maiden edition of the...

PFAs Begin Data Recapturing Of 8.5m Pension Contributors

The Pension Fund Administrators (PFAs) have commenced data recapturing of 8.5 million pension contributors under the Contributory Pension Scheme (CPS) across the country. The aim of the exercise, according to findings, is to update the existing data of contributors, while also addressing a situation...

US backed Solar project gives reliable power supply to 261,938 Nigerian homes

By Aningo Genevieve Ezinne US backed Solar project gives reliable power supply to 261,938 Nigerian homes, Naija247news has learned. The Renewable Energy and Energy Efficiency Project, funded by USAID (United States Agency for International Development), Power Africa and implemented by Winrock have provided clean and...

Nigeria woo Oil majors to invest in electric vehicle charging stations

Nigerian oil production and marketing companies have been advised to take advantage of the nation’s imminent Electric Vehicle revolution by setting up charging stations across the country. The immediate past Director General of national Automotive Design and Development Council (NADDC), Engr. Aminu Jalal, gave the...

BEDC explains why Ondo South remains in blackout for 10 years

By Segun Giwa Akure, July 22,2020 The Benin Electricity Distribution Company (BEDC) has said that the acute power supply limitation and the inability to connect more communities in Ondo South to the national grid was due to a damaged breaker at the Ondo 132/33KV...

Lagos presents N250m seed cheque for tech startups

As part of plans to make Lagos State a hub for innovation and technology, Lagos State Governor on Friday, presented a seed fund of Two Hundred and Fifty Million naira to Lagos State Science Research and Innovation Council (LASRIC). LASRIC is a Lagos State institution...

Every Nigerians must have a national identification number to build a national database – FG insists

The Federal Government has mandated all workers under the Contributory Pension Scheme to produce their National Identification Numbers as part of their pension requirements. The National Pension Commission disclosed this in a circular titled, ‘Notice on mandatory use of National Identification Number for all existing...

Nigeria eyes partnership with Indonesia on crude exports

ABUJA, July 23 - Nigeria’s state oil firm NNPC plans to renew its contract for crude sales with Indonesia which expired last year, part of moves to boost exports, it said on Tuesday. The Nigerian National Petroleum Corporation (NNPC) said it was interested in working...

Nigeria’s Economy Runs on Electricity Generators and Nine Hours of Power a Day

By Anthony Osae-Brown, Ruth Olurounbi, and Gordon Bell Households spend $12 billion on self-generated power President Buhari’s reform efforts have failed to take hold Kabir Sabo’s sewing machine hums busily as he hems a “babariga,” a popular dress in...
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