Tuesday, March 10

Interviews

NNPC Targets $10 Production Cost per Barrel
Interviews

NNPC Targets $10 Production Cost per Barrel

By Dayo Omoogun The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said. (more…)
$1.66bn Electricity  Projects Threatened over Removal of MD, Says  Forum
Interviews

$1.66bn Electricity Projects Threatened over Removal of MD, Says Forum

By Dayo Omogun The Nigerian Power Consumers Forum (NPCF) has expressed concern that the recent removal of the Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed, may jeopardize $1.6 billion power transmission projects reform. The $1.661 billion projects being funded by multilateral agencies' funded projects in its effort geared towards expanding bulk power transmission to 20,000 megawatts (MW). In a statement signed by its General Secretary, Comrade Michael A. Okoh, condemned the arbitrary dismissal of the TCN boss citing the same arbitrariness in the way the heads of Nigerian Bulk Electricity Trading Plc (NBET) and Rural Electrification Agency (REA) were also dismissed in December 2019 by the Minister of Power, Engr. Sale Mamman, which were later reverse...