Energy company, Oando Plc on Wednesday said its profit after tax rose to N34.7bn in the 2021 financial period.
The group disclosed in a statement on Wednesday on its audited results for the year ended December 31, 2021 that this was from a loss after tax of N140.7bn reported in 2020.
It also said its total group borrowings increased by 10 per cent to N460.8bn compared to N419.6bn recorded in…
The Ibadan Electricity Distribution Company has promised to restore power supply following a three-week blackout experienced by landlords, residents and business owners in Ibafo, Magboro, Makogi, Oke-Afa and Aseese, among others, in the Obafemi Owode Local Government Area of…
The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun Local Government Area of Kwara State.
The project is expected to transform the lives of the people of Oro in particular and the entire…
The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country.
The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector.
The Chief Executive Officer of NPA, Abdul Hamid, said this during a presentation at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South…
Power generation on the national grid has continued to hover above 4,000 megawatts since January this year, following the deployment of transformers, substations and other accessories to boost supply.
Grid performance data obtained from the Federal Ministry of Power in Abuja…
The Edo State government-backed Edo Modular refinery has ordered the supply of 150,000 barrels of crude to meet the demand of its growing clientele base, weeks after commencing production.
This was revealed in a statement signed by the Special Assistant on Media Projects to…
Marketers should penalize junkyards and fuel stations that inflate fuel prices.
March 3, 2023
Oil marketers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria, have established and deployed a task force to check and sanction filling stations selling Premium Motor Spirit, popularly called petrol, at exorbitant prices.
It was gathered that the decision was taken following reports that some filling stations were dispensing petrol above N300/litre, far higher than the…
Shell Petroleum Development of Nigeria Limited has enrolled 15 scientists and research fellows in a one-year fellowship and research fellowship program.
The event, recently held at the company’s headquarters in Port Harcourt, marked the resumption of the annual program…
The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution.
This is stated in a statement signed by the Director of Corporate Communications of EKEDC.
Abdullahi Yinusa and Abdullahi Musa were arrested and…
Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs.
Data released by the Federal State Grid Authority of Nigeria on Thursday for a summary of daily nightclub load from February 4 to 10, 2023 showed a cumulative distribution…