Energy

Dangote Refinery IPO: PenCom relaxes rules for PFAs Participation

BY BONNY AMADI The National Pension Commission (PenCom) has relaxed its shares investment rules to allow pension fund administrators (PFAs) to participate...

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Dangote targets $50bn refinery valuation ahead of planned IPO

Aliko Dangote, Africa’s richest man, is reportedly targeting a valuation of up to $50 billion for his refinery business ahead of the...

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Court convicts Former Power Minister of N33.8 billion fraud

The Federal High Court sitting in Abuja has convicted a former Minister of Power, Saleh Mamman, of fraud involving N33.8 billion. Judge...

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Tinubu asks senate to confirm Joseph Tegbe as Minister of Power

Nigeria’s president Bola Tinubu has asked the senate to confirm the nomination of Joseph Tegbe as minister. Tinubu’s request was contained in...

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NNPC, Chinese firms sign MoU to revive Warri, Port Harcourt refineries

The Nigerian National Petroleum Company (NNPC) Limited says it has signed a memorandum of understanding (MoU) with two Chinese firms to explore...

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Egbin Power Plant, Nigeria’s Largest Thermal Station, Shut Down

After Contractor Dies in Underwater Accident BY BONNY AMADI Egbin Power Plc, Nigeria’s largest electricity generation plant, has been forced offline and...

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TRANSCORP Power Delights Shareholders with N41.2BN dividend at 13th AGM

Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation...