Prof. Babatunde Rabiu, Director, Centre for Atmospheric Research, National Space Research and Development Agency said diversifying energy could boost development and enable Nigeria attain the Sustainable Development Goals by 2030.
Source: Energy Industry News (energyindustrynews.net)
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UBA Asks Court to Wind up Sahara Energy over N15bn Loan - THISDAYLIVEWe have no outstanding facilities with bank, says firm Davidson Iriekpen United Bank for Africa Plc (UBA) has filed a winding up petition before a Federal High Court in Lagos against a petroleum resources company, Sahara Energy Resources Limited, over an alleged inability of the firm to pay a debit of $42,282,430.49 (equivalent to N15,221,674,976). … Hmmm! This is not looking good, is it?
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Trump’s maritime fuel policy will sink energy markets - Vanguard NewsThe Trump administration is working to slow down the implementation of a major international environmental regulation that’s set to take effect in 2020. The administration hopes the effort will ease the compliance burden on businesses by phasing in the rules gradually rather than all at once.
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ZOLA, Sterling Bank sign deal to deepen solar energy usage – Daily TrustZOLA Electric has signed a Memorandum of Understanding (MoU) with Sterling Bank as part of effort to deepen the penetration and accessibility of solar energy in Nigeria. The MoU provides an opportunity for more Nigerians to enjoy reliable 24-hour power supply with ZOLA’s power solutions via loans from the bank.ADVERTISEMENT Speaking shortly after the signing …
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PDP and energy sector reforms - The Nation NigeriaIn August 2013, 15 companies made up of 10 Distribution Companies (DISCOs) and five Generation Companies (GENCOs) paid $2.238billion to You are good in rising opportunities for prosperity to the expectations of the people of Nigeria. They were only used and deceived by the unwary change of the ruling party. Afterwards, they were dumped on confusion due to lack of growths.
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NAEE conference set to tackle energy, other challenges - Vanguard NewsThe Nigerian Association for Energy Economics (NAEE) said all is now set for its annual International conference with the 2019 edition scheduled to hold at the Petroleum Technology Development Fund (PTDF) in Abuja next week.
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Sahara Energy has no outstanding facilities with UBA - Management - Vanguard NewsThe management of Sahara Group has denied reports that the oil firm is 'indebted to, nor did it borrow any money from United Bank for Africa PLC (UBA) in any loan transaction' just as its said that 'the entire Sahara Group will vigorously pursue and defend UBA’s petition to its logical conclusion with a view to dismissing the petition.' vanguardngr Cancer is curable... Click this link and discover the solution to all types of cancer —
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‘We’re Not Indebted To UBA’ — Sahara Energy Responds To UBA’s Winding-Up Petition | Sahara Reporters“SERL is not indebted to UBA, has no outstanding facilities with UBA nor did it borrow any money from UBA in any loan transaction that is the subject matter of either the civil petition (FHC/L/CP/387/19) or the civil summons (FHC/L/CS/387/19 as advertised) that formed the subject of the ex parte order... SERL did not grant a direct guarantee to UBA on any loan transaction that UBA could unilaterally enforce or sue on.'
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UBA Asks Court To Close Down Sahara Energy Over KEPCO’s N15bn Loan | Sahara ReportersUBA said that KEPCO obtained a loan with which it raised capital to fund the acquisition of Egbin Power Plant, operated by Sahara Power Group, a privately-owned power company under the Sahara conglomerate... In order to fund that acquisition, UBA said KEPCO had applied for a credit facility from several banks, including itself, with Sahara Energy standing in as a “corporate guarantor” to secure the loan. The chicken has come home to roost, since he lost the Rivers Governorship.
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