“On Friday Dec. 8, we reached an all-time power production of 7,000 and a great peak supply of 5,155 megawatts, which Nigeria has never produced or generated. The last supply was 5074 MW in January 2016, after which we went into a season of disruption of gas supply by militants.”
Ike Amos 29 November 2017, Sweetcrude, Abuja – The Nigerian National Petroleum Corporation, NNPC, says it has so far connected…
“The first project is signed by the World Bank and this is the biggest project Power Holding Company of Nigeria (PHCN) and TCN has ever attracted in the history of Nigeria. We have never attracted more than $200 million. Now this $406million project is targeting brownfield projects.”
“This privatisation process started in 2012 and moved to 2013 with the emergence of the preferred bidders. At that time it was a mix of market issues and internal issues that had to do with gas supply, completion of the power plants and evacuation.
05 July 2017, Sweetcrude, Abuja – The Nigerian Bulk Electricity Trading Plc, NBET, is now owing the power generating companies or…
Although, the Central Bank of Nigeria (CBN) provided a N701 billion facility, to assist NBET in meeting its payment obligations from the generation invoices to ease the liquidity challenges, the Gencos are yet to get full payment of all the outstanding debts.
16 February 2017, Lagos – The shares of Forte Oil Plc bounced back to positive territory yesterday after recording losses for 12…
21 December 2015, Lagos -Forte Oil Plc said it plans to grow its profit after tax for the financial year…
20 April 2014, Lagos – Forte Oil Plc was among the companies that reported their results for the first quarter (Q1)…
