Following the inability of operators of about 19 marginal oil fields to meet the objectives of bringing the fields to production since 2003, the Department of Petroleum Resources (DPR) has warned that it would withdraw the licences of non-performing marginal blocks by March 2015.
(NERC) has cautioned the various Electricity Distribution Companies (Discos) in Nigeria’s Electricity Supply Industry (NESI) against unfair electricity rationing and directed them to work out fair and ingenious plan of shedding electricity loads to ensure adequate supply of same in their respective coverage areas.
The United States Trade and Development Agency (USTDA) has signed memoranda of cooperation with Eko Electricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) to help reduce electricity losses.
An eventful week in the Nigerian Stock Ex-change which saw the 2015 budget presented to the National Assembly, a hint on austerity measures to be in-troduced in the second quarter of 2015 and a break from an eight (8) day straight downward trend in the All Share Index (ASI) with a last day high recorded on the floor.
The Deputy President, Nigerian Society of En-gineers (NSE), Mr Otis Anyaeji, has advised the Federal Government to use policy-based financial instruments as alternative sources of funding na-tional Infrastructure.