By Shakrullah Owolabi The 1320 megawatt capacity Egbin Power Plant has resumed partial operations after it shut down over a fire incident that occurred on February 2, 2022. The Group Managing Director of Sahara Power, owners of the Egbin Power Plant, Mr. Kola Adesina, who gave the update in a […]
Recent Posts
ICPC Recovered, Restrained N166.5bn Assets in Two and Half Years – Mid Term Report
By Olatunde Dodondawa The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that it recovered and restrained cash and assets valued at N166.51 billion from corrupt persons in the last two and half years. This represents an increase of 378 percent over the assets recovery target […]
Power Supply Drops by 1, 320MW As Fire Rocks Egbin Power Plant
By Shakrullah Owolabi The country’s power generating capacity has dropped by 1, 320MW due to a fire outbreak at the nation’s largest power plant, Egbin Power Plc. Egbin is reported to be one of the largest power plants in Sub-Saharan Africa with an installed capacity of 1,320MW consisting of six […]
Industry regulator applauds Shell for investing in Nigerian gas infrastructure
By Olatunde Dodondawa Leading energy company, Shell Nigeria Gas (SNG), has received accolades from the industry regulators, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief Executive […]
Chevron posts $15.6bn best earnings since 2014
By Shakrullah Owolabi U.S supermajor, Chevron has posted full-year 2021 earnings of $15.6 billion, compared to a loss of $5.5 billion in 2020. The oil firm also booked strong cash flow from operations of $29.2 billion and record free cash flow of $21.1 billion last year. Chevron’s net oil-equivalent production […]
Nigeria may lose $6bn to oil theft in 2022
By Shakrullah Owolabi Nigeria may lose about $6 billion to oil theft in 2022. The gloomy news was disclosed by Socio-political analyst and commentator, Dr. Ugoji Egbujo, in an article titled, The Petrol Subsidy Quandary: The Devil or the Deep Blue Sea? Egbujo hinted that our parlous state is complicated […]
Eko Disco Launch Energy Club in Lagos Schools
By Olatunde Dodondawa Eko Electricity Distribution Company (EKEDC) on Monday launched Energy clubs in selected schools within its network, to encourage young girls to take opportunities in the power sector. The Club activities are expected to promote the interest of female students in Science, Technology, Engineering and Mathematics (STEM) disciplines, […]
Popular Lagos Hotelier, Alaba Bakare Murdered By Wife, Motunrayo Over Mistress’s Pregnancy
By Olatunde Dodondawa …Bama Hotel Owner Killed With Hot Iron By Wife For Impregnating Another Woman The Police in Lagos has arrested Mrs. Motunrayo Oluwatoyin Mulero-Bakare, wife of Late Alaba Olusegun Oladapo Bakare, owner of Bama Hotel in the Abule-Egba area of Lagos State for allegedly killing her husband who […]
‘There’s Sufficient Petrol’, Don’t Panic To Buy – NNPC
By Olatunde Dodondawa The Nigerian National Petroleum Corporation (NNPC) has calmed Nigerians not to panic about buying petrol. The commission said it has sufficient stock of premium motor spirit (PMS) to meet citizens’ needs. NNPC gave the assurance in a statement issued by Garba Deen Muhammad, Group General Manager, Group […]
Ardova Plc Commends Stanbic IBTC’s Support For LPG Storage Project
By Olatunde Dodondawa Ardova Plc commends Stanbic IBTC’s support for the LPG storage project AP LPG Terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project […]