Business

FG sets aside $1.61bn for 24 hour power supply – TCN

By Agency Reporter The Managing Director, Transmission Company of Nigeria (TCN), Alhaji Usman Gur says the Federal Government in collaboration with international donor agencies has set aside over 1.61 billion dollars to ensure constant power supply in the country. Gur, who is also the Chief Executive Officer of the TCN revealed this on Sunday in […]

Business

Ikeja Electric inaugurates franchise centres

By Our Reporter Ikeja Electric Plc (IE) has inaugurated its franchise centres at Olowora, Ikosi,  Arepo, Bariga, Ketu and Ogudu, as part strategy to extend its customer footprint and provide ease of access to services, The Ikeja Electric Franchise project, a business strategy aims at facilitating engagements and customer experience for spot-on resolution of complaints, […]

Business

MAN Energy Solutions gets Belema Oil contract

Our Reporter MAN Energy Solutions has been awarded a contract to supply three gas turbine generator packages to Belema Oil Producing Limited (BPL). Its power generation technology achieves an important milestone with the first MGT gas turbine heat and power systems to be installed in Africa. Three packages with the proven single-shaft MGT6000 gas turbine […]

Business

‘Digitalisation, others ‘ll address downstream issues’

Industry players have proffered solutions to the challenges facing the downstream operation of the petroleum sector. The experts noted that digitilisation of the industry, among others, will address the problems, writes AFOLABI IDOWU. With new refineries coming on stream and old ones billed for overhaul, experts have stressed the need for government and private players […]

Business

Long road to ending grid collapse

There appears to be no solution in sight to the problem of national grid collapse and its attendant effects on the power sector. The inability of the Transmission Company of Nigeria (TCN) to procure the Supervisory Control and Data Acquisition (SCADA) technology has been identified as the major setback to solving the problem. With SCADA, […]

Business

Why getting prepaid meters is difficult

Five months after the 108 meter asset providers began operation nationwide, the firms are yet to record meaningful progress. The reasons may not be unconnected with funding, reports AKINOLA AJIBADE The euphoria, which greeted the introduction and implementation of Meter Asset Providers (MAPs) scheme, by the Federal Government, may have waned, five months after the […]

Business

‘Gas is key to unlocking Nigeria’s economic potential’

Mrs Audrey Joe-Ezigbo is the president of Nigerian Gas Association (NGA) and co-founder/executive director, Falcon Corporation, an indigenous oil and gas company. In this interview with EMEKA UGWUANYI on how natural gas has fared in Nigeria’s 59 years of independence, she says there is a difference from where we were as a country. How do […]

Business

‘Oil, gas paybacks are delayed by lack of bid rounds’

It’s not yet certain why there has been continued delay in project approvals in the oil and gas industry. It is often attributed to the non-passage of the Petroleum Industry Bill (PIB). But an expert insists that non-passage of the bill should not be the reason the government cannot carry out periodic bid rounds, AMBROSE […]

Business

Bhojsons unveils remote technology in generators

A subsidiary of the Bhojsons Group – Bhojsons Powerhub – one of the emerging power solution companies and sole distributor of Kirloskar Green, one of the best selling power generating sets, has unveiled the Kirloskar Remote Management System (KRM). The unveiling of Kirloskar Green generators with remote monitoring controls was held in Lagos, JENNIFER OKECHUKWU […]

Business

Ikeja electric assures of improved services on customer week

By Agency Reporter Ikeja Electric Plc has reassured customers of improved experience and commitment to providing exceptional service delivery. In a statement by the Managing Director/Chief Executive Officer, Dr. Anthony Youdeowei, the Ikeja Electric brand stated it is driven by an endless desire and resolve to offer customers an extraordinary experience as the company will […]