BUSINESS

Power Generation Hits 4,043MW As gas Supply Improves

Daily Dispatch February 15, 2017

The Transmission Company of Nigeria says the nation’s power generation rose from 3,528MW to 4,043MW between February 1 and February 15. TCN, in its website, said that the 515MW increase in generation as at February 15 was due to slight increase in gas supply to some power generating companies.

BUSINESS

U.S To Inject $1bn Into Nigeria’s Power Sector

Daily Dispatch February 15, 2017

The United States of America has said it will pump one billion dollars into Nigeria’s power sector. Power Africa, an initiative by the US government to strengthen Africa’s power system is aimed at increasing electricity access and adding more than 30,000 megawatts of cleaner, more efficient energy development in sub-Saharan Africa. Speaking a press conference

BUSINESS TECHNOLOGY

Nigeria, US Firms To Power 25 Communities With Solar Energy

Daily Dispatch February 14, 2017

Two firms have signed a memorandum of understanding to power 25 communities in Bayelsa, Ondo, Ogun and Osun States with solar energy. A Nigerian firm, Community Energy Social Enterprises Limited on Tuesday signed a $767, 512 MoU with Renewvia Energy Corporation, an American company to provide solar energy for the communities on ‘pay-as- you-go’ basis.  […]

BUSINESS

Naira Crashes Again

Daily Dispatch February 14, 2017

The Nigerian Naira on Tuesday, February 14, dropped one point and crashed against the American dollar at the parallel market to N507 from the N506 recorded on Monday, February 10. The local currency also depreciated to N620 against the Pound sterling from the N615 rate of yesterday. However, the Naira stayed unchanged against Euro to […]

BUSINESS

Shell, Agip Ask Court To Dismiss Forfeiture Order Obtained By EFCC

Daily Dispatch February 14, 2017

Shell Nigeria Exploration and Nigeria Agip Exploration have asked the Federal High Court, Abuja, to discharge the order of forfeiture of OPL 245 which it granted the Economic and Financial Crimes Commission. Justice John Tsoho on Jan. 26, granted an order of interim forfeiture of Oil Prospecting Licence (OPL 245) to the Federal Government pending […]

BUSINESS

Kaduna Electric Partners ANED, French Agency On Staff Training

Daily Dispatch February 14, 2017

The French Development Agency under the UIMM Project in collaboration with the Association of Nigerian Electricity Distribution Companies (ANED) has indicated readiness to assist Kaduna Electric in knowledge and skills acquisition for its staff. At a meeting with the management of Kaduna Electric at the Company’s Headquarters in Kaduna, the Project Manager of the UIMM […]