BUSINESS

NNPC Records 45, 374 Pipeline Breaks

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said that it had recorded a total of 45,347 pipeline breaks on its downstream network between 2001 and mid-2019. The Group Managing Director (GMD), Malam Mele Kyari, stated this at the Nigeria International Pipeline Technology and Security Conference, in Abuja. Kyari spoke as a guest speaker on the theme: `Pipeline Assets, Critical ...

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After Eid celebrations: Lagos Continues Sales of Lake Rice

The Lagos State Government has said that despite the end of the Eid celebrations, the sales of its popular brand, Lake Rice, will continue at all designated centres across the State. The Permanent Secretary, Ministry of Agriculture, Dr. Olayiwole Onasanya affirmed that the products are available at various centres across the State including the Agricultural Development Authority Complex, Oko-Oba; Lagos ...

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DPR Set for Full Digitalisation of 2,616 Oil Producing Wells 

The Department of Petroleum Resources (DPR) says it will soon commence full digitalisation of over 2,616 oil producing wells for transparency and accountability. Mr Victor Georgeson, Deputy Manager, Production and Surveillance in the company, said this on the sideline of the agency’s sensitisation workshop organised on National Production Monitoring System (NPSM) for oil and gas operator’s compliance officers in Lagos on ...

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NSC Canvasses Patronage for Kaduna Inland Dry Port

The Nigerian Shippers Council (NSC) has urged stakeholders to patronise the Kaduna Inland Dry Port to enjoy its benefits. Mr The NSC Director, Abuja Liaison Office, Muhammad Abubakar, made the call at the Abuja Shippers Association’s 2nd Quarter General Meeting on Thursday in Abuja. He said that the stakeholders stood a chance to gain more and incur less operating cost if they used ...

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Infrastructure upgrade: AFDB Team meets Fayemi in Ekiti

..As Development Bank Considers State’s Request for Support  The African Development Bank (AfDB)’s team of technical experts  on Thursday met with Ekiti State Governor, Dr Kayode Fayemi and his team in Ado-Ekiti in furtherance of ongoing talks between the Bank and the state government on support for the upgrade of its infrastructure. The meeting which took place at the Governor’s Office, ...

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“No Meter, No Billing”, Electricity Consumers in Delta Insist

Electricity consumers in Delta have charged the Nigerian Electricity Regulatory Commission (NERC) to enforce the “No Meter, No Billing” rule in the country. According News Agency of Nigeria (NAN), the consumers made the demand on Friday at a one-day NERC Electricity Consumers Public Consultation on the theme,” Capping of Estimated Billing and Distribution Franchising” in Asaba. Some of the consumers, ...

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Gossy Water Returns, as Fayemi Commissions Production Plant

….Community Praises Gov for Promise Fulfilled Ekiti State Governor, Dr Kayode Fayemi, on Tuesday commissioned Gossy Water Production plant, signalling the commencement of full scale production of the popular table water brand, a year after the parent company was liquidated. The entire Ikogosi was tuned into a carnival on Tuesday, as both the young and the old trooped to the ...

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Electric Vehicles:  Researchers Forecast  $2.6 Trillion Market, Many New Sectors

The future is coming early for electric vehicles (EV). The new IDTechEx Research report “Electric Vehicles 2020-2030” is based on analysis of no less than 100 sectors to 2030. IDTechEx has studied and forecasted EVs for over 20 years. It has 15 PhD level analysts,including 4 who are Chinese, deployed globally, mostly multi-lingual and the discoveries here are sometimes surprising.  Cars are about half the EV market. ...

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