BY EFE MODESTUS Power generation rose to a high of 3,624.34 megawatts on Thursday following the restoration of the national grid by engineers of the Transmission Company of Nigeria after the grid collapsed the preceding day. It was also gathered that the Federal Government had to intervene in tackling gasContinue Reading
BY GODWIN OBI The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, Frontline reports. According to information obtained from the Washington-based institution on Thursday, the loan isContinue Reading
BY GODWIN OBI Seplat Energy Plc has announced that it has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. The company described the transaction as transformative, more than doubling production and positioning the company to drive growth and profitability, whilst contributing significantly to Nigeria’s future prosperity. “TheContinue Reading
BY GODWIN OBI A dramatic scene played out in the Senate chamber on Thursday when Senator Ireti Kingibe, representing the Federal Capital Territory (FCT), walked out in anger after being prevented from presenting a motion on demolitions in the nation’s capital. The incident occurred during a plenary session, which hadContinue Reading