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FY 2020 Preliminary Annual Results Savannah Energy PLC ( Savannah or the Company ), the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, is pleased to announce its unaudited preliminary results for the year ended 31 December 2020. A copy of the Annual Report and Accounts will be finalised and posted to Shareholders shortly and a separate notification made in this regard. Andrew Knott, CEO of Savannah Energy, said:
2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics. Total Revenues[1] and cash collections rose for th ....
FG commissions 450 metric tons cassava processing plant in Rivers tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Punch Newspapers Sections Published 25 May 2021 Power supply in Nigeria comes majorly from seven power generation plants that produce 59 per cent of the total electricity supplied across the country, the World Bank has said. According to the bank, Nigeria’s power sector had been operationally inefficient and this was further exacerbated by high losses and lack of payment discipline. It disclosed this in additional details contained in the bank’s report on Nigeria’s Power Sector Recovery Programme, obtained by our correspondent in Abuja on Monday. “The power sector is operationally inefficient with unreliable supply exacerbated by high losses and lack of payment discipline,” the bank stated. ....