Business

Nigeria in talks with S.Africa’s Transnet for railway concession

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Nigeria is in talks with Transnet for the concession to run its railways after General Electric, which has spun off its transport business, handed the leadership of the consortium to the South African firm, the transport minister said on Sunday. Reuters

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The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel produced an average 31.92 million bpd, the authority said in its latest Short-Term Energy Outlook. This, however, won’t be enough to push prices higher if the EIA turns out […]
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Ikeja Electric to publish names of energy thieves

Isaac Umunna

Ikeja Electric (IE) has announced plans to commence newspaper publication of energy thieves as part of measures aimed at addressing the rising cases of revenue loss. The move, according to IE, is to be deployed within the Disco’s network while using other traditional and conventional media platforms. And to give credence to the latest initiative, […]
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Nigeria: Petroleum Equalisation Fund to move petroleum products by rail

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The Petroleum Equalisation Fund (management) Board (PEF) has set up a task force for the the immediate implementation of transportation of petroleum products through the rail. The General Manager, Corporate Services of PEF, Dr. Goddy Nnadi, said the task force was set up by the Executive Secretary of the Fund, Alhaji Ahmed Bobboi for the […]