Category: Energy/Power

PENGASSAN Pick Hole in 2018 Budget, warns FG Against Selling Oil,Gas Assets

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has cautioned the Federal Government against selling profitable oil and gas assets or selling assets in the industry as scrap to fund the 2018 budget. The senior staff trade union expressed its support to any other model to fund the budget aside from selling of…

NNPC Reviews Corporate Governance to Create Fraud Proof System

The Management of the Nigerian National Petroleum Corporation (NNPC) is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain. Declaring open the 2017 Fraud Awareness Week at the NNPC Towers, Abuja on Tuesday, Group Managing Director of the Corporation, Dr. Maikanti Baru, said…

Power transmission capacity increases by 600MW, says TCN

The Transmission Company of Nigeria on Thursday announced that the country’s power transmission capacity had increased by 600 megawatts after it recently energised the second Asaba-Benin 330kV transmission line. In a statement issued by the company’s General Manager, Public Affairs, Ndidi Mbah, the TCN said the newly energised Asaba-Benin transmission line would provide alternative source…

Allow consumers to buy meters, FG tells NERC

The Federal Government has directed the Nigerian Electricity Regulatory Commission to reinstate the regulation that allows power consumers to purchase meters from approved vendors. NERC had in September last year directed the 11 electricity distribution companies operating in the country to formally wind down the alternative meter financing scheme on or before November 1, 2016.…

NNPC Promises to Sustain Promotion of Science Education

… As Delta State Emerges Overall Winner of National Quiz Competition Grand Finale   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed the commitment of the Corporation to science education. The NNPC GMD who stated this during the grand finale of the Corporation’s 2017 National Quiz Competition…