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http://ift.tt/2oJY2aO The Nigerian National Petroleum Corporation, NNPC, says efforts by the Federal Government to boost power generation may soon yield results following a sustained increase in gas supply for power generation. The corporation said this in its March 2017 edition of the Monthly Financial and Operations Report released on Saturday in Abuja. The report said the average national daily gas production for the period stood at 226.918 billion cubic feet, bcf, which translates to over 7.319 million standard cubic feet of gas per day mmscfd. This means that the daily average national gas supply to gas power plants increased to 689 mmscfd or the equivalent to power generation of 3,056 megawatts. The Report also said the March 2017 figure was an improvement on the previous month’s record, which stood at 582 mmscfd and the supply was also over 29 per cent higher than the corresponding supply record for March 2016. It, however, said pipeline sabotage in the country incre...

http://ift.tt/eA8V8J Lagos – Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture on Tuesday said it contributed over 29 billion dollars (10.44 trillion) to the Nigerian purse between 2012 and 2016. Mr Osagie Okunbor, the Country Chair of Shell Companies in Nigeria, disclosed this in Lagos during the official lunch of Shell in Nigeria Briefing Notes 2017. Okunbor said that Shell remained strongly committed to the development of Nigeria. He said that in 2016, royalties and corporate taxes paid by Shell companies in Nigeria to the Federal Government purse stood at 1.4 billion dollars (N504 billion). “SPDC contributed $1.0 billion (N360 billion) while Shell Nigeria Exploration and Production Company (SNEPCo) contributed $0.4 billion (N144 billion) to government revenue. “This is besides the energy which Shell companies contributed to the Nigerian economy with Shell-operated ventures in Nigeria recording an output of some 572,000 barrels of oil equivalent ...

http://ift.tt/2pJJEMZ Tor Tiv, His Royal Majesty, Begha U Tiv, Orchivirigh, Prof Ortese Iorzua James Ayatse. PHOTO: NAN Prof. James Ayatse, the Tor Tiv and Chairman, Benue Council of Chiefs, has said that cattle ranching was the only solution to the incessant clashes between herdsmen and farmers. Ayatse said in a statement on Saturday in Makurdi that the ranches, aside minimising the clashes, had multiplier effects like employment for youths that would work in companies that would produce feeds for the animals. The statement, signed by Mr Freddie Adamgbe, his media assistant, quoted the monarch as urging the Federal Government to enact a legislation that would effectively back up ranching so as to save lives and protect farms from destruction by cattle. He commended the Benue House of Assembly for passing the Anti-Open Grazing Bill, and assured the lawmakers of the full support of the Benue Council of Chiefs. Ayatse also spoke on the violence in some parts of the country a...