The developers of the world’s first solar-powered plane (with the capacity to fly for seven days and nights), announced that it will embark on its global journey in early March 2015,
With flying speeds of around 50-100 kms (30-60 miles) per hour, the journey for Solar Impulse 2 (Si2) is expected to take 5 months from take-off, flying over the Pacific Ocean and making regular stops along the route, which has been 12 years in the planning.
The Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Obafemi Olawore has decried the non-payment of the outstanding N250 billion subsidy claims for 2014, urging the federal government to pay the bills and deregulate the downstream sector,
Dubai Access Power MEA and French Renewable energy firm Eren have joined forces to develop Access Infra Africa, a $500 million private investment fund for new power projects in Africa.
‘Our portfolio will definitely be more weighted to renewables than conventional power but there is nothing by mandate that prevents us from doing conventional power’, Access Power chairman Reda El Chaar told Gulf News.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC Dr Joseph Dawha,), has said that the ongoing decline in crude oil prices may affect the progress of three national deep water projects.
Dawha said this while speaking in a seminar with the theme `Managing West Africa’s Major Projects’ at the 19th edition of Offshore West Africa in Lagos.
The Nigerian Association of Road Transport Owners, NARTO, said it has given a 10 day ultimatum to the Federal Government and threatened to boycott all PEF activities, which include loading and transportation of fuel from tank farms and depots throughout the country over some challenges its members confront as a result of the implementation of Project Aquila by the Petroleum Equalisation Fund (M) Board, PEF.
Asst News Editor
NIGERIA Association of Road Transport Owners, NARTO, has given a 10- day ultimatum to the Petroleum Equalisation Fund, PEF, to settle all pending issues including payments to members of face unpleasant consequences.
NARTO in a petition signed by its President, Dr. Kassim Bataiya and addressed to the Executive Secretary of PEF lamented that the issues had dragged for so long and that members’ patience has elapsed.
The Federal Government is collaborating with the German Government -represented by Deutshe Gesellschaft fur Internationale Zusammenarbeit (GIZ) – and the Manufacturers Association of Nigeria (MAN) to conduct an energy audit for the industrial sector.
This is to enable the government provide uninterrupted power to manufacturing hubs across the country.
Unemployment will continue to rise in the coming years, as the global economy has entered a new period combining slower growth, widening inequalities and turbulence, warns a new ILO report.
By 2019, more than 212 million people will be out of work, up from the current 201 million, according to the World Employment and Social Outlook – Trends 2015 (WESO).
THE Department of Petroleum Resources, DPR, in Eket, Akwa Ibom, said it sealed 60 petrol stations in the state between January and December last year.
The DPR Controller of Operations in Eket, Asuquo Antai, disclosed this in a statement made available to newsmen
Mr. Antia said that the stations were sealed for selling petroleum products above the government-approved pump price , under dispensing and operating without license.
THE Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said the decision by the The Federal Government to reduce the price of petrol from N97 to N87 per litre was informed by the falling oil prices in the international market.
The Minister said: “As you may be aware, there has been a lot of volatility in the oil market in the past few months and due to this the importation prices of our petroleum products have been impacted.