Stakeholders in Corporate Nigeria and followers of its evolution must be apprehensive about the internal war at a leading player, Seplat Energy. The business community in Lagos and London has watched with bemusement and trepidation the unedifying statements and counterstatements emanating from the respected Seplat Energy since February 2023. Interested parties dragged internal corporate matters around management and corporate governance …

The Niger Delta Power Holding Company (NDPHC) has said that it did not approve the construction of a clubhouse in the sum of N480 million. The claim that the sum of N480 million was approved for the construction of a clubhouse by the management of the Niger Delta Power Holding Company (NDPHC) has been dismissed. The organisation described the claim …

Residents of Ogijo in the Sagamu Local Government Area, a boundary community between Lagos and Ogun States, are currently lamenting following a one-year blackout currently being witnessed in the area. The situation, it was learnt, has forced some residents, particularly artisans who need electricity to ply their trades to relocate from the area. Those who have no choice but to …

Century Energy Group (CEG) has announced its partnership with Energy Link Infrastructure (Malta) Limited (ELI) for the completion, operations and maintenance of the ELI Akaso Floating Storage and Offloading (FSO) terminal in Oil Mining Lease (OML) 18. This project is a critical component of the Alternative Crude Oil Evacuation System’s (ACOES) infrastructure, which is in line with CEG’s corporate vision …

President Muhammadu Buhari has approved the extension of the technical/commercial bid submission for the 2022/2023 deep offshore oil block mini-bid round process to 19th May; while the timeline for concluding activities of contract negotiations and signing will now be between 3rd and 28th July 2023. Announcement the new deadline on Saturday in a statement, the Chief Executive of the Nigerian …

To say that it is ‘appalling and disheartening’ that Nigeria’s power sector is yet to witness the needed improvement for greater impact on the people and the economy despite the huge amount of money sunk into it by successive governments is an understatement. That, however, was how the Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola described …

The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Sani Haruna on Friday said the agency has embarked on a $325,860,690 solar cells production plant to lower the cost and increase the accessibility of power. In an address at the foundation laying for plant in Gora, Nasarawa State, he …

The first solar cell manufacturing facility in Nigeria will have its foundation laid on today by the Vice President, Prof. Yemi Osinbajo and other notable Nigerians. The facility is an important component in solar panel production utilised for solar energy generation. The plant when fully operational will be one of the largest Solar Cell Production plants in Africa. Managing Director …

President Muhammadu Buhari has inaugurated the 50 megawatts (MW) Maiduguri emergency power project. Speaking at the occasion on Thursday in Maiduguri, the capital of Borno, Buhari said the project was a testament to his administration’s innovations in the power sector. He said the project showed yet another example of an immediate solution to moving the power sector forward in order …

The Federal Executive Council (FEC) has approved N39.6 billion for various transmission line contracts in the power sector. The council meeting, presided over by Vice President Yemi Osinbajo, was held on Wednesday. Briefing journalists at the end of the meeting, Minister of Power, Abubakar Aliyu said the various projects comprise several amounts, including an offshore component of $53 million and …