Eko Electricity Distribution Company Plc says the planned N100bn government support for the power sector will go a long way in bettering the fortunes of DisCos, if released. The power firm, which identified illiquidity as a major challenge facing operators, maintained that there is the need the support funding asRead More

The Nigeria Association of Energy Correspondents (NAEC) held her annual conference in August, at the Eko Hotel & Suites, Lagos. Below are some pictures from the event:  

The good old days are gone when the groundnut pyramids in northern Nigeria were a major contributor to the economy. They were the admiration of everyone from far and near; one of the pride of the nation. The production of groundnut in northern Nigeria dominated the West Africa region, 41%Read More

The Managing Director, Nigerian Port Authority (NPA), Hadiza Bala Usman, has expressed commitment to achieving the ISO 9001 & OHSAS 18001 certification, with a view to accelerating efficiency in the system. Usman has, therefore, issued a 90-day ultimatum to the relevant divisions and departments in NPA to accomplish all theRead More

Unless the shipping companies and crew comply fully with rules on reducing marine plastic litter from vessels, the quantity of plastics in the oceans will outweigh fishes by 2050. The International Maritime Organisation (IMO), said it had received warnings from some scientists on the huge problem in the oceans, andRead More

Concerns are rife that the new shipping policy of the International Maritime Organisation (IMO) will spike the cost of fuelling ships to about $70 billion yearly.The 2020 sulphur regulation, which will ban ships from using any marine fuel with sulphur content above 0.5 pct effective January 1, 2020, may imposeRead More

For its leadership position in delivering development and growth of the Agricultural sector and Small and Medium Enterprises (SMEs), Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) It also emerged as the “Agriculture Bank of theRead More

United Bank for Africa Plc (UBA) has been recognised as the ‘Most Innovative Digital Bank’ of the year, under the digital category of the International Finance awards. Organised by the International Finance Magazine, the award, according to the bank places UBA high in the digital banking space. In selecting theRead More

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos. The Pound Sterling and the Euro closed at N480 and N417, respectively. At the Bureau De Change (BDC) window, the Naira was sold atRead More

In line with the country’s local content agenda, over 98 per cent of Nestoil Group’s workforce, manning its operations nationwide, are Nigerians. This covers the Group’s engineers, fabricators, welders, architects and administrative staff members, among others. The Managing Director, IMPac Oil & Gas Engineering Limited, a subsidiary of the Group,Read More