Oil & Energy
FG Set To Issue C of O To Power Firms
The Federal Government
has announced its readiness to commence issuance of Certificate of Occupancy to the successor companies of the defunct Power Holding Company of Nigeria in respect of 635 core assets.
The assets belong to the Abuja, Benin, Eko, Enugu, Ibadan, Ikeja, Jos, Kaduna, Kano, Port Harcourt and Yola Electric Power Distribution Companies.
The Minister of Lands, Housing and Urban Development, Mrs Akon Eyakenyi, who announced this at the 2014 Ministerial press briefing held Thursday in Abuja said the Federal Government is set to provide about 10,000 housing units across the federation through the Nigerian Mortgage Refinance Company.
She said, “the Ministry has commenced the process of issuing Certificates of Occupany in respect of the 635 core assets of the successor companies of the Power Holding Company of Nigeria. These core assets belong to 11 electric power distribution companies”.
The Minister stated that her ministry was working with the Ministry of Finance to ensure effective take-off of the housing project.
She noted that under the transformation agenda and vision 20:2020, the provision of affordable housing is one of the strategic national imperatives for guaranteeing the well-being and productivity of the citizens.
She said while the Federal Ministry of Finance, is handling the demand side of the provision of 10,000 mortgages as a pilot scheme, the Federal Ministry of Lands, Housing and Urban Development is facilitating action on the delivery of 10,000 housing units that the Mortgage facility of the Nigerian Mortgage refinance Company will support.
“A Ministerial Committee under the chairmanship of the Minister is responsible for working out the modalities for the delivery of the 10,000 units over the next few months”, she said stressing that government was encouraged by the large number of competent developers and builders that showed interest in participating in the process by responding to its advertisement for expression of interest published in the media.
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Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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