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Germany tests solar car which charges as being driven

A Munich-based start-up has taken advantage of the strong Bavarian sun this summer to test the final development of the charging system of its Sion car, an all-electric solar vehicle that lets you charge as you drive. Germany will likely miss its target of putting one million electric cars on the road by 2020, but the government said in April...

NNPC seeks action on economic diversification

(NAN) Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas. Baru, who spoke at the 2018 Nigerian Annual International Conference and Exhibition (NAICE) in Lagos, identified the reliance on oil and gas, as responsible for the economic recession experienced in the country...

Lagos Mechanical Business Luncheon: Innovation, R&D as a Tool to Industrialisation and Economic growth to take centre stage

Nigerian Socio Economic Challenges are many and various propositions to address it have been regularly advanced. The engineering community as responsible member of the society is not left behind. The NIMechE Lagos under the leadership of Engr Segun Fadeyi is dedicating this year Business Mechanical Luncheon to Economic growth and industrialization.On August 11 2018 the Nigerian mechanical Engineers along...

‘Lagos-Ibadan railway to be completed in December’

Minister of Transport Rotimi Chibuike Amaechi has said the Federal Government is insisting on the completion of Lagos-Ibadan railway by December. He said it has decided that the construction company in charge should move back to Lagos and begin work. Amaechi spoke yesterday when he briefed State House correspondents on the outcome of his meeting with Governor Akinwunmi Ambode in Lagos...

FG renews 25 oil block licenses, earns $1bn

Nigeria has renewed 25 oil block licenses with a total earning of $1 billion in the last one year. Data made available by the regulatory agency - Department of Petroleum Resources (DPR) - also showed that it has granted approval for 16 new field development plans with capacity to increase the nation’s oil and gas production by 560,463 barrels per...

NSE Apapa Chairman Calls For Wholesome Metering Of Electricity Consumers

Engr. Ombuyadu Garba, Chairman, Apapa Branch, Nigerian Society of Engineers, (NSE) has called for a wholesome metering of electricity consumers to improve billing accuracy. Speaking in Lagos at an NSE workshop on “Effective Metering In Nigeria: A Win-Win Approach’, Garba said that wholesome metering of electricity would help reduce high rate of customer complaints over estimated billing. According to Garba, there...

At long last, Nigeria unveils name of national carrier

Minister of State for Aviation, Hadi Sirika on Wednesday unveiled the name of Nigeria’s national carrier, as well as the logo at the Farnborough International Airshow in London. Sirika said the national carrier is Nigeria Air. During the unveiling, the minister said, “this will be a National Carrier that is Private sector-led and driven. It is a business, not a social...

POWER SECTOR STATE OF PLAY, NEXT STEPS AND POLICY DIRECTIONS BY BABATUNDE RAJI FASHOLA

TEXT OF PRESS BRIEFING ON POWER SECTOR STATE OF PLAY, NEXT STEPS AND POLICY DIRECTIONS BY THE HONOURABLE MINISTER OF POWER, WORKS AND HOUSING, MR BABATUNDE RAJI FASHOLA SAN AT THE MINISTRY OF POWER, WORKS AND HOUSING HEADQUARTERS, MABUSHi I believe that most Nigerians know that the Power sector has been privatized and that this happened since November 2013. What I...

Executive Order five will redirect economy to knowledge, innovation-driven- Ogbonnaya Onu

Executive Order five will redirect economy to knowledge, innovation-driven The Minister of Science and Technology, Mr Ogbonnaya Onu, on Monday said that the Executive Order 5 would redirect the economy from unsustainable, resource-based to sustainable, knowledge and innovation-driven. At a press conference in Lagos on the Executive Order 5, Onu described the order as a revolutionary instrument. The conference took place at...

$3.3bn Total’s Egina FPSO Departs to Offshore Field in Few Weeks

The $3.3 billion Floating Production Storage Offloading (FPSO) unit for the 200,000 barrels per day capacity Egina Deepwater oilfield, which arrived in Lagos in January this year from South Korea, will finally depart to the Egina oilfield in the coming weeks. This is coming as oil prices fell Monday as supplies from Saudi Arabia and Russia rose, while economic growth...