The NNPC Ltd/TotalEnergies Joint Venture has announced an achievement of zero routine gas flare in all its assets. This is in meeting the targets of 20% unconditional and 47% conditional greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola...
The latest report from the National Bureau of Statistics (NBS) indicated that the nation's headline inflation rate increased to 29.90% in January, relative to the December 2023 headline inflation rate which was 28.92%. This was driven by the rising food costs and the widening exchange rate in the country. Food...
Against the backdrop of the establishment of an Adhoc Ministerial Committee on the Security of Highways Construction projects, the Minister of Works, Engr. David Umahi has called on all Nigerians to show patriotism by joining hands with security agencies to protect highway construction project sites across the country. Director of...
The Federal Government and the management of MTN Nigeria have renewed their commitment towards the completion of the ongoing rehabilitation of the Enugu-Onitsha highway. This is according to a statement issued by the Director of Information, Ministry Of Works, Olusola Abiola on Wednesday, February, 14, 2024. He said the resolution was...
Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies CEO Patrick Pouyanne said Wednesday. Pouyanne said currently electricity projects in Africa suffer from "a problem of solvency... you have a risk not to...
The Federal Government has begun the review of road concession programme under the Highway Development and Management Initiative (HDMI). Special Adviser (Media) to the Minister of Works, Barr. Orji Uchenna disclosed this in a statement issued on Tuesday, February 13, 2024. Minister of Works, Engr. David Umahi said the move was...
The Central Bank of Nigeria (CBN) has approved the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer (CEO) of Access Holdings Plc. Agbede's appointment is following the untimely passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Her appointment was announced by the Board of...
The Minister of Works, Engr. David Umahi has expressed readiness to collaborate with the Federal Road Safety Corps (FRSC) on adequate patronage of the Corp's signage plant to install necessary road signs across the country. Director, Information of the Ministry, Olusola Abiola announced the development in a statement issued on...
The Petroleum Technology Development Fund (PTDF) has clarified that its scholarship selection process is conducted through a rigorous and merit-based approach, and not an allocation of slots. PTDF's Head of Press and External Relations, Kay-Hambolu Dupe Bella, made the clarification in a statement on Monday, February 12, 2024. The Fund noted...
The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Nigerian Electricity Regulatory Commission (NERC) for its recent regulatory action against eleven (11) Electricity Distribution Companies (DisCos) for non-compliance with the capping of estimated bills for unmetered customers. Ag. Executive Vice Chairman/ Chief Executive Officer of FCCPC, Dr. Adamu...