Dr. Emmanuel Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council (NCRDC).

Dr. Emmanuel Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council (NCRDC).

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council (NCRDC).

The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to research, development and innovation strategy for the oil and gas industry.

The Council’s terms of reference are to “advise the board on criteria and methodology for prioritising market cum demand-driven research projects, advise the board on the appropriate strategies and governance arrangements to attract funding for research projects and advise the board on criteria for the award of research grants and review progress on impact of such grants on research projects, product development and innovation.”

Inaugurating the council, Kachikwu commended NCDMB for accomplishing the commitment it made at the 2017 Research and Development Fair.

He described the R&D council as a timely innovation that would deepen the achievements recorded in Nigerian content implementation.

He charged the members to deliver on their mandate, which would help redress the failings of the oil and gas sector to the Nigerian economy.

The minister underlined that NCDMB had transitioned from just being a policy maker to also functioning as a project promoter. He commended the board for investing in the Waltersmith Modular refinery, developing industrial parks in Bayelsa and Cross River States and catalysing the partial integration of the Egina FPSO.

In his comments, the executive secretary of NCDMB, Engr. Simbi Wabote, explained that the framework of the board’s research and development provides that all research topics or thematic areas must be based on industry challenge or needs.

2 oil marketers, 5 firms to be arraigned over alleged $8.4m fraud

2 oil marketers, 5 firms to be arraigned over alleged $8.4m fraud


Two oil marketers, Yusuf Kwande and Osahon Asemota along with five companies will be arraigned today before Justice Mojisola Dada of the Lagos High Court, Ikeja over allegation of $8.4 million fraud.


The five companies named in the charge are Trafigura Beheer BV, Trafigura PTE Ltd, Mettle Energy and Gas Ltd, Renbrandt Ltd and Jil Engineering and Oil Services Ltd. They are to be arraigned on a three-count charge of conspiracy to commit felony, stealing and receiving stolen property.

The prosecuting counsel, E.A. Jackson of the Special Fraud Unit, SFU, alleged that the defendants committed the offences in 2008 in Lagos. The prosecutor alleged that the defendants fraudulently converted 6.4 million metric tonnes of Automated Gas Oil, AGO.

They were also accused of stealing AGO worth $8.4 million belonging to Nadabo Energy Ltd. The SFU is also alleging that another company — Jil Engineering and Oil Services Ltd — fraudulently received the stolen AGO, which had been under the legal custody of Spring Bank, Victoria Island, Lagos. The offences contravened Sections 383(1), 427 and 516 of the Criminal Code 2004.

Oando Plc indigenous oil & gas energy solutions provider celebrates Mitsubishi Motors Anniversary & Heritage Week

Oando Plc celebrates Mitsubishi Motors Anniversary and Heritage Week

Nigeria’s leading indigenous oil and gas energy solutions provider Oando PLC headed conversations on heritage branding at the recently concluded Mitsubishi Motors Anniversary and Heritage Week. The weeklong activities celebrated Mitsubishi Motors and its 101 years in operations.

The celebration included various events that highlighted the many ways in which Mitsubishi identifies as a Heritage brant. These events included a heritage brunch, a master class hosted by Canon and eminent Nigerian photographer, Emmanuel Oyeleke, the launch of rapper MI’s album and more.

Mitsubishi Motors also partnered with ASPIRE Luxury Magazine to host a panel discussion on ‘Building a Heritage Brand’. The panel consisted of heritage brands like Oando Plc, celebrating just over 60 years in business, and Union Bank, who has celebrated 101 years. These brands came together to discuss the differences and similarities in their approach to instil Heritage Branding values in their corporations.

02 - Oando Plc celebrates Mitsubishi Motors Anniversary and Heritage Week

A major highlight of the celebrations was when Alero Balogun, Head of Corporate Communications at Oando PLC spoke extensively about her experiences working with the Oando Brand. When asked about Oando’s intentional steps towards building the brand internationally, she said

“For us at Oando, it has always been about creating a world-class brand. We set ourselves against the international standard and strive to be world class in everything we do. Our brand essence is BOLD SPIRIT, LEADERSHIP and PROUDLY AFRICAN and it is communicated through all our mediums. We see ourselves as solution providers in the terrain we operate and take it upon ourselves to think up and proffer workable solutions.

In order to do this effectively, you must have a bold spirit, be audacious and resilient. Through the years the brand has managed to remain strong and consistent, and we do this through the policies and processes we have created to communicate this messaging from generation to generation. We are also very thorough in our succession planning efforts. Although we are a B2B brand, we believe in communicating with all our stakeholders from the international corporations trying to understand what a Nigerian company looks like to the man on the street who in some way sees the brand as an extension of himself.”

Oando Plc celebrates Mitsubishi Motors Anniversary and Heritage Week

Heritage Week was a brilliant platform to discuss how Nigerian brands can push themselves towards becoming heritage brands. The speakers at the event touched on consistency even in the face of adversity. Speaking on Oando’s ability to stay afloat amidst the chaos, Alero Balogun said

“We build strong relationships with the media that allow us to prepare a narrative in every situation. Through our extensive scenario planning efforts, we are able to think of all possible scenarios – the good, the bad and the ugly and prepare for all outcomes.

A lot of the time, we find that the media has been misinformed on an issue and we see it as an opportunity to educate the public. For example, in 2015 after we made impairments to re-value our assets post the oil price crash, it was published that we made the biggest loss in Nigeria’s history, whereas impairments are indeed a well-known business phenomenon and it is essential for businesses to conduct them in times like we did.”

Oando Plc celebrates Mitsubishi Motors Anniversary and Heritage Week

Oando PLC inherited big, international brands ESSO and Unipetrol and over the years, they have been able to imprint their own Nigerian story, own the brand completely and make it a national treasure. They pride themselves in their history of consistently paving the way, being the first in every sector we operated in. Their great accomplishments, such as the Apapa Mid-stream jetty, Gas Pipeline etc. have shaped their brand essence and World-class experience.

Creating a heritage brand in Nigeria is no small feat and being recognised, as one is a great honour. It is a deliberate attempt to connect with people in a manner that allows them to form an emotional connection to your brand that transcends generations. It is less about how long a company has been in existence for but more about how they have an established track record of meeting needs, exceeding expectations, and consistently delivering on their core promise and premise.

Ikeja Electric donates food, clothes to mark International Charity Day

Ikeja Electric donates food, clothes to mark International Charity Day

Ikeja Electric donates food, clothes to mark International Charity Day

Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has donated essential items including clothes and food to the Lagos State Rehabilitation and Training Centre, Ikorodu, to commemorate this year’s International Day of Charity.

The International Day of Charity is observed annually on September 5. The day is set aside to sensitize and mobilize people, NGOs and stakeholders all around the world to help others through volunteer and philanthropic activities

According to the Head, Corporate Communications, Ikeja Electric Plc, Mr. Felix Ofulue, the exercise was aimed at supporting the concerted effort of government, charitable organizations, individuals and other Corporates to further alleviate the plight of the underserved in society.

In his words: “Ikeja Electric Plc is a responsible and responsive organization committed to providing world class services to customers while also adding value to the society through its Personal Corporate Social Responsibility (P-CSR) initiatives”.

“Our P-CSR platform enables both the company and the employees to carry out voluntary charitable activities aimed at making considerable impact on the different levels of the society. Under the P-CSR programme, we also have the Employee Volunteer Scheme (EVS) which enables our employees to voluntarily contribute their time and resources towards the progress of the communities in which we operate. This humane acts further corroborates our commitment to giving back to the society,” he added.

While receiving the donations, which included foodstuff, clothes, shoes and personal care products, on behalf of the rehabilitees, the Principal of the Centre, Mr. Adebimpe Eyiowuawi, commended IE for the expressing of love, care and empathy towards the rehabilitees. He thanked the company and urged the management not to rest on its oars in its commitment to alleviate the plight of the underserved.

Other representatives of IE present at the event were Head, Network and Operations, Ikorodu Business Unit, Engr. Ismail Bello; Head, Commercial Services, Ikorodu, Allen Ebosiem; Manager, Brand & PCSR, Titilola Aikhomu and the Owutu Undertaking Manager, Mrs. Bolanle Sanni. The team commended the Lagos State government and the management of the Centre for sustaining the facility which was established in 1977.

The Centre which operates three sections namely: destitute, mentally challenged and beggars. It currently has 1,500 rehabilitees catered for mainly by the State Government with voluntary support from corporate bodies, religious organizations and individuals that donates provisions.



Customers of Ikeja Electric Plc (IE) may once again experience the discomfort of extended darkness as members of the National Union of Electricity Employees (NUEE) have laid siege at the Company Headquarters in Alausa Ikeja and all its other offices across Lagos.

The Union members who claim that the picketing of IE followed the disengagement of about 40 members of staff, have forcibly shut down operations at the offices thereby resisting access to IE personnel and customers who have attempted to gain access to the offices.

According to Ikeja Electric, the recent separation of staff, was due to varying actions which are not in furtherance of the overall company objectives.

This protest in coming in the heels of the promotions of about 300 employees last week and the recruitment of over 500 new employees in the past one year. The promotion exercise cut across all cadres of staff, including members of the respective Unions in the organization.

Speaking on the development, Head Corporate Communications Felix Ofulue, questioned the motive for embarking on the protest which he described as self-serving.

“When NUEE chooses to cripple socio-economic activities of over a million households, for issues that can be resolved through dialogue, one then wonders if the motives are as selfless as they claim. How do you plunge a country’s commercial nerve center into darkness because of a few of your members who have been separated from the business for cogent reasons? It is really appalling. It’s an abuse of privilege to picket.” he said.

“Imagine that our employees in Alausa Injection Sub Station were chased out of the facility by the Union and they had to shut down 9 Feeders that supply power to Ikeja and its environs on safety grounds. This has resulted in an immediate blackout for at least 3000 customers”, Ofulue concluded.

He further apologized to customers for the disruption of service by NUEE and promised that they will continue to work with stakeholder to ensure that the company continues to improve and provide quality service to our customers.”

Power sector loses N300bn in 7 months —Osinbajo


Power sector loses N300bn in 7 months —Osinbajo
VP Yemi Osibanjo


Nigeria power sector in seven months of 2018 has lost N300 billion due to insufficient gas supply, distribution and transmission infrastructure.
The Vice President, Yemi Osinbajo, stated that “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300 billion.” The report noted that the peak average power to date, stands at 4,557 megawatts hour per hour (MWH/H), which was achieved on the second of February 2016, while the peak generation to date, obtained 18 December, 2017, is 5,222mw.
On August 6 2018, average power sent out was 3,753MWh/h (up by 54.31MWh/h from the previous day). 2,231MW was not generated due to unavailability of gas.
“64.4MW was not generated due to unavailability of transmission infrastructure, while 1,261.5MW was not generated due to high frequency resulting from unavailability of distribution infrastructure, while 0MW was recorded as losses due to water management.”

Ikeja Electric rewards performance, promotes 299 employees

Ikeja Electric rewards performance, promotes 299 employees

…employs over 500 new staff in last one year

In line with its commitment to reward productivity and also bolster efficiency within the organization, Ikeja Electric (IE), Nigeria’s leading electricity distribution company, has announced the promotion of 299 employees across various job grades in the business, while employing over 500 new staff in the last one year.

According to the statement released by the organization, the promotions cut across both junior and senior staff cadres in various departments of the company’s Head Office and its six Business Units.

A breakdown of the list showed in the senior cadre, 13 employees were promoted to the role of Senior Managers, while seven others got promoted as Managers and another 15 employees ascended the career ladder to become Assistant Managers.

In addition, 121 employees moved up to become Supervisors while one person rose to Grade Level 1 Officer

In the junior cadres, 38 Technicians were elevated to Junior Grade Level 4, another 86 persons across Technical, Commercial, Security, Internal Audit and HR & Admin Departments were promoted to Junior Grade Level 3 while 17 employees were elevated to Junior Grade Level 2.

Speaking on the significance of the promotion exercise, the Chief Human Resources & Administration Officer, Ibiene Okeleke, explained that Ikeja Electric places a high premium on human capital development as a vital component of driving its commitment to providing the best possible service to customers within its network, while noting that the company has employed over 500 new staff between August 2017 and now.

“At Ikeja Electric, we constantly recognize and motivate employees who are committed to delivering finest performance on the job, so this promotion exercise is part of the systems that we have put in place to motivate performance among our employees. It also attests to the fact that we value productivity and encourage career advancement for every employee across various departments”, she said.

She further noted that “it is also important to state that while some other sectors are experiencing huge job losses, we have employed over 500 new workers in our bid to create a more efficient workforce with the aim to ensure excellent service delivery. We strive to deliver the best and we are not relenting to do more, that is why we also emerged as one of the best 100 places to work in Nigeria, as indicated by the recent ranking released by Jobberman.”

According to Okeleke, other recognition and reward programs have been instituted to reward exceptional performances. One of them is the ‘Double R’ Awards, an internal initiative which was launched early this year, is designed to reward outstanding achievements made by employees on the field. The firms through various initiative also encourages creativity and work-life among its staff.

With a dedicated workforce numbering close to 3,000, Ikeja Electric occupies a key position for its privileged coverage of many industrial centres, providing services for customers spread across Alimosho, Ikorodu, Ikeja, Epe, Oshodi, Agege, Shomolu and Kosofe Local Government Areas. Parts of Yaba and Mushin are also included.

DisCos distributes 93,219 pre-paid meters




Nigerian electricity distribution companies (DisCos) distributed 93,219 prepaid meters between January and March, according to data from the power sector report of National Bureau of Statistics (NBS).

The report said the number of consumers with prepaid meters rose from 1,496,587 at the end of 2017 to 1,589,805 at the end of March 2018.

It showed that Benin Electricity Distribution Company (BEDC) issued 260,667 meters during the first quarter.

Abuja DisCo shared 282,868 meters, while Ibadan DisCo, the largest DisCo, followed by 254,261 prepaid meters to its customers.

Ikeja DisCo metered 157,797 consumers in its franchise area while Eko DisCo issued 158,157 prepaid meters.

In addition, Kaduna DisCo also issued 138,164 prepaid meters as at March 31, while Enugu DisCo had 116,623 of its consumers metered.

It said Port Harcourt DisCo distributed 66,507 meters to its customers; Kano DisCo followed with 63,037 while Jos Disco had 54,395 metered customers.