Tag: Energy - Page 2 - African News Today

Gov Ugwuanyi Rates Improved Power Supply as his Administrations Highpoint

22Dec

By Obiajulu Joel NwoluNo Comments

Gov Ugwuanyi Rates Improved Power Supply as his Administrations Highpoint

Governor Ifeanyi Ugwuanyi of Enugu State has said that the stepping down of 30MVA in Nsukka from the 132KV Makurdi Feeder, which his administration facilitated, to improve the quality of electricity supply in the area, is one of the state government’s greatest achievements. The 30MVA Injection Sub-Station in Nsukka, was the programme of the National Integrated Power Project (NIPP) but received maximum support from Gov. Ugwuanyi’s administration which provided sundry assistance such as the resolution of all legal issues concerning the project, bush clearing as well as dealing with other obstructions impeding the line's passage, and construction of the outgoing feeders to supply power to end-users. This was disclosed by an aide on media and Publicity to the governor, Amoke Louis in a p...

8Dec

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

FG Reduces Petrol Price by N5 Per Litre

The federal government has announced a N5 reduction in the price of Premium Motor Spirit, popularly known as petrol, bringing the pump price down to N162.44 per litre. The new price which FG said will take effect from December 14, 2020, came after negotiations with the organised labour. Senator Chris Ngige, Minister of Labour and Employment while addressing newsmen after the meeting with labour leaders disclosed that the meeting had a positive outcome. He said, “Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC), which is the major importer and marketers of petroleum product, and customers have agreed that there will be a slide down of the pump price of PMS and that the price cut will get us about N5 per litre and that the price cut will take effect...

Autogas, Modular Refinery: PMB Making Conquests Steadily, Surely – Femi Adesina

4Dec

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

Autogas, Modular Refinery: PMB Making Conquests Steadily, Surely – Femi Adesina

Diverse developments in our country often bring to mind lyrics of the song ‘God Moves in a Mysterious Way,’ by William Cowper. The lines go thus: “Behind a frowning providence, He hides a smiling face. His purposes will ripen fast, unfolding every hour.” If we are not discerning enough, the tendency is quite strong to think that all that is happening in Nigeria is evil, evil and more evil. Killings by insurgents, bandits, and assassins. Violent protests leading to loss of lives and wanton destruction. Kidnappings for ransom. Mayhems and murders. Sorrow, tears and blood (dem regular trademark, as Fela Anikulapo-Kuti sang). Yes, all these negative things happen, and you would think all that God does now is to frown at us as Nigerians. He frowns, quite alright, but “behind a frowning pr...

25m Poor Nigerians to Pay N4,000 Monthly for Solar System

30Nov

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

25m Poor Nigerians to Pay N4,000 Monthly for Solar System

About 25 million Nigerians expected to profit from the proposed off-grip solar home systems across rural areas in Nigeria are expected to pay N4,000 monthly. This comes as the Federal Government plans to kickstart the installation of the N140 billion solar project for 5 million households in rural communities from the first week of December. According to the Federal Government, the initiative which is implemented by the Rural Electrification Agency (REA) is a continuation of the systematic implementation Economic Sustainability Plan (ESP) of the President Muhammadu Buhari administration. Laolu Akande, Senior Special Assistant on Media and Publicity to Vice-President Yemi Osinbajo, in a statement on Sunday said the beneficiaries of the solar programme, dubbed Solar Power Naija, are...

The Essential Buhari: NNPC GMD’s testimony – Femi Adesina

27Nov

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

The Essential Buhari: NNPC GMD’s testimony – Femi Adesina

On Friday last week, Mallam Mele Kolo Kyari, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), held an engagement with energy editors across diverse media platforms. Yours truly was invited. I currently serve as media adviser to President Muhammadu Buhari, but I remain essentially a newspaperman. There’s nothing I love better. And when done in government, the media still beckons, by the grace of God. So I felt quite at home at the NNPC event, which was designed to update the media on current developments in the petroleum industry. When a General Officer Commanding (GOC) moves, the brigade commanders and all other brass hats move too. At that outing with the GMD were the managing directors of subsidiaries, group general managers, and Who is Who in NNPC. The inf...

Oil Prices Hit 8-month Peak Amid Vaccine Hopes

25Nov

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

Oil Prices Hit 8-month Peak Amid Vaccine Hopes

Global oil prices on Tuesday rose to the highest level since March, spiking above $47 per barrel (pb) amid hopes for a COVID-19 vaccine dispatch within weeks revived hopes for more fuel consumption. The international oil benchmark, Brent crude, gained more than 3 percent to climb to $47.82 pb, The Cable reports. WTI Crude last traded at $45 per barrel eight months ago, just before Saudi Arabia and Russia failed to reach an agreement on oil supply in the pandemic which led to an oil price war that resulted in price collapse along with low demand. The spike in oil prices has accompanied a slew of positive updates from pharmaceutical companies on their progress towards developing a COVID-19 vaccine. The University of Exford and AstraZeneca on Monday said that provisional trial dat...