The chief Monopoly Dangote Blackstone to invest N825 billion on power, transmission and pipeline projects

Dangote Industries and Blackstone today announced a commitment to jointly invest up to $5 billion (N825 billion) over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis on power, transmission and pipeline projects. The investment is facilitated by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated…

Govt gives $1b to boost gas supply

Gas supply has got a $1billion boost, in the country, with the Federal Government approving the cash for the Niger Delta Power Holding Company (NDPHC). It is all in a bid to push up electricity generation. NDPHC Managing Director James Olotu broke the news at the end of a meeting chaired by Vice President Namadi…

Asari denies masterminding Kaduna bomb blast

Leader of Niger Delta Peoples Volunteer Force, NDPVF, Alhaji Asari Dokubo, has denied allegation that he masterminded the bombing in Kaduna that almost killed former Head of State, General Muhammadu Buhari (rtd.)Asari, who spoke in Port Harcourt, Rivers State, said the allegation was part of a ploy by those behind the attack to rubbish him…