Tuesday, January 31, 2023

RANDOM NEWS

24/7 power supply: EU, German Govt present Premium Grids Concept to Nigeria 

The Premium Grid model, developed  the Nigerian Energy Support Programme (NESP),combines franchising projects and embedded generation in ring-fenced areas for supplying reliable 24/7 electricity to customers. 

Fuel scarcity: Buhari sets up 14-member committee

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

NIMASA meets five select banks over disbursement of cabotage fund 

“We are engaging the banks on the management and disbursement of the CVFF because they are the ones who have the professional know-how in fund management and this would help us in the reduction of risk in order to avoid the same mistakes of the Ship Acquisition and Ship Building Fund,” Jamoh said.

Equinor sells Nigeria assets, hires Standard Chartered to run process

Equinor was entitled to net production of around 25,000 barrels per day of oil equivalent (boed) through its 20.2% stake in the Agbami field, which is operated by Chevron.

Eroton OML 18 Wellhead Gutted by Fire

The company in a statement said the incident, at the Cawthrone Channel operational area, occurred last weekend.

CBN Gov, Emefiele unveils Nigerian National Domestic Card Scheme ‘AFRIGO’

Unveiling the first Central Bank-led domestic scheme card scheme in Africa in a virtual ceremony on Thursday, January 26, 2023, Emefiele said the new card scheme, done in collaboration with the Nigeria Inter-bank Settlement System (NIBSS), would provide more options for domestic consumers while also promoting the delivery of services in a more innovative, cost-effective and competitive manner.

Fuel crisis: NUPENG raises alarm over attack on tanker drivers in highways

The drivers, seven in numbers are said to be transporting fuel from A.Y Shafa and some other depots from south-south to the Northern part of the country when they were attacked.

CBN extends exchange of old Naira notes by 10 days

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.

Old Naira exchange: 10 days inadequate to make up CBN’s shortcomings- Expert

Economic analyst, Muda Yusuf, has said that 10 days extension to swap old Naira notes by the Central...

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations 

Prior to her appointment, Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana. 

Most Popular

Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  

Egbin Power, Sahara Foundation upgrade Ijede Police station

The project, according to a statement, is in keeping with Egbin Power’s commitment to enhancing infrastructure development, socio-economic growth, and effective policing to promote safety and security in the company’s host communities.

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations 

Prior to her appointment, Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana. 

Old Naira exchange: 10 days inadequate to make up CBN’s shortcomings- Expert

Economic analyst, Muda Yusuf, has said that 10 days extension to swap old Naira notes by the Central...

CBN extends exchange of old Naira notes by 10 days

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.