Oracle Intelligence

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Month: June 2022

Savannah’s Accugas boosts supply to Sahara’s power plants

Savannah Energy PLC has announced commencement of gas sales to Trans Amadi power plant operated by First Independent Power limited in Port-Harcourt, Rivers State. Savannah’s local business unit, Accugas Limited, will under a new deal increase gas supply to FIPL…

New ‘super gonorrhea’ strain on the prowl

An Austrian man, who had unprotected sex abroad and experienced pain days after, caught a new strain of so-called “super gonorrhea” that is resistant to most antibiotics commonly used to treat the infection, scientists have said. This is the second…

NERC to challenge Discos with embedded generation

Sopuruchi Onwuka Electricity Distribution companies in the country will soon be required by the industry regulator to boost supply hours with electricity generated internally within their network concessions. The Oracle Today reports that the requirement which is currently being articulated…

Women For Equity commends Abia PDP Chairman on diligence

The Women for Equity, a pro-PDP group of women from Isuikwuato/Umunneochi Federal Constituency, today paid a solidarity visit to the Abia PDP Chairman, Rt. Hon. Alwell Asiforo Okere at the PDP Secretariat in Finbars Street, Umuahia. The women numbering more…

Cheap petrol has become unsustainable, DAPPMAN warns

Sopuruchi Onwuka Supply brokers in the domestic fuel market have declared that it has become increasingly difficult to continue supplying petrol to Nigerian motorists at prevailing subsidized rate of N165 per liter, pointing at rising cost of operation and thin…

Africa must invest $25bn to provide power to 600 m people

Governments of African countries, especially those in the sub-Saharan part f the continent, are faced with the challenge of sourcing princely $25 billion or N12.5 trillion for investments in connecting some 600 million people to electric power supply infrastructure. The…

Fuel marketers close shop to demand price increase

Sopuruchi Onwuka A segment of players in the domestic fuel market have started practical demand for price increase by shutting their retail outlets and creating panic among motorists over possible hiatus in the distribution system. Panic buying by desperate motorists…

Forex crunch: Nigeria traps $450m foreign airline revenue

The International Air Transport Association (IATA) has declared that Nigeria is leading other African countries that trapped about one billion dollars earned by mainly foreign international airline operators in the continent. The association calculated that African countries collectively owe international…

Orubebe resigns from PDP over zoning dispute

Commends Wike on moves to save the party Former Minister of Niger Delta Affairs, Mr Godsday Orubebe, has resigned from the Peoples Democratic Party (PDP) after expressing frustration with the poor preparedness of the opposition party to dislodge the ruling…

How Asian customers win the oil game prize

Russia, Saudi Arabia, EU are losers Sopuruchi Onwuka Asian countries, mainly India and China, have become the prize winners in the ongoing trade sanction spat between the industrialized economies of Europe and world’s third biggest oil producer and war monger,…