NDPHC DEVELOPS 120 TRANSMISSION, GENERATION PROJECTS

By Kunle Mogaji The Niger Delta Power Holding Company of Nigeria (NDPHC) has embarked on construction of 120 transmission stations and sub stations and 10 critical generation projects to support power generation and supply in The Managing Director of NDPHC, Mr....

NO NIGERIAN CAN EVADE TAX PAYMENT WITH VAIDS, BY FIRS BOSS

The Chairman, Federal Inland Reve­nue Service (FIRS), Mr. Babatunde Fowler, said with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment. Fowler said this at the 138th Quarterly Meeting of the Joint Tax...

TCN SECURES $1.55BN FROM MULTILATERAL CORPORATIONS

By KunleMogaji The Transmission Company of Nige­ria (TCN) has secured $1.55 billion from multilateral corporations to finance its transmission expansion projects. The Managing Director of TCN, Mr. Usman Mohammed, said this in Kano, while addressing newsmen. according to him, TCN had...

BOARD SETS 70% LOCAL CONTENT TARGET TO RETAIN $14B

The Nigerian Content Development and Monitoring Board (NCDMB) has set an ambitious target of 70 per cent growth in local content over the next 10 years. This will enable the country to retain $14 billion from the $20 billion...

WE PAID $31BN TO FED GOVT IN 4 YEARS –SPDC

Kunle Mogaji Shell Petroleum Development Company (SPDC) said it remitted $29.8 billion to the federation account and $1.2 billion to Niger Delta Development Commis­sion (NDDC) between 2002 and 2016. Mr. IgoWeli, the company’s General Manager, External Relations, disclosed this to journalists...

POWER SECTOR’S POTENTIAL BEING ACTUALISED

By KunleMogaji The Nigeria's power market is funda­mentally attractive for investment, given the country's growing demand for electricity. Nigerians use far less electricity per capita than citizens of comparable economies in Africa - only about 151 kilowatt hours (kwh) per...

RENEWABLE ENERGY TO BOOST ECOWAS’ ELECTRICITY ACCESS BY 35%

By KunleMogaji The International Energy Agency estimates that in order to achieve universal electricity access, mini-grids will have to provide around 40 per cent of new capacity by 2030 with the largest percentage needed in Sub-Sharan Africa.The ECOWAS Centre for...

MINI NCC TAKES NIGERIA’S $80BN TELECOM INVESTMENTS TO ITU

The Minister of Communica­tions, Abdulraheem Adebayo Shittu, will lead the country's delegation which will include the chairman of the board of commissioners of NCC, Senator OlabiyiDurojaiye, chief regula­tor and executive vice chairman (EVC) of NCC, Prof. Umar GarbaDanbatta, among...

UGANDA HIRES GE, OTHERS TO DEVELOP REFINERY PROJECT

Uganda has selected a group, which includes General Electric Company, to build and operate a 60,000-barrel-a-day refinery that will process crude from fields being developed by Total SA and Tullow Oil Plc. The Albertine Graben Refinery Consortium, which also includes...

NCDMB’S OPERATIONS GO ELECTRONIC FROM NEXT MONTH

By Godwin Hills From September 1, all the activities between the Nigerian Content Development and Monitoring Board (NCDMB) and its clients – oil and gas operating companies and service companies, among others, will only be conducted electronically. The Board’s Director, Planning,...