The Nigerian Electricity Regulatory Commission’s (NERC) directive to the Distribution Companies on how to fix their tariffs in consultation with consumers is been envisioned by experts as policy somersault and capable of causing chaos. Dr. Sam Amadi, Chairman of NERC, on April 8, said that the
Power & Energy
The Energy Commission of Nigeria (ECN) said it would collaborate with the National Board for Technology Incubation (NBTI) to commercialise its research and development products nationwide. Prof. Jere Bala, the Director-General of the commission, said this on Thursday in Abuja. He said the commission’s collaboration with NBTI was to
The Petroleum Products Pricing Regulatory Agency, (PPPRA), branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) has called on the government for the introduction of fuel tax that will lead to the adjustment of the current fuel pump price. PENGASSAN has proposed the addition of N1.50 to the current fuel price […]
Ghana’s Energy Ministry has refuted the claim that Nigeria cut gas supply to Ghana over its indebtedness to the sum of some $100 million. This is sequel to the allegation by the New Patriotic Party’s running mate for the 2016 elections, DrMahamudu Bawumia, who recently disclosed during Central University College’s distinguished speaker series a fortnight […]
An indication has emerged that the decision of the government to implement the Nigerian Gas Transportation Network Code (NGTNC) will propel the gas prices to be determined by market forces soon. The Deputy Director, Gas Monitoring and Evaluation, Department of Petroleum Resources (DPR), Antigha Ekaluo gave the hint, while speaking against the backdrop of the […]
President Goodluck Jonathan on Tuesday commissioned the Phase I 504MW (Simple Cycle Gas) Alaoji Power Plant at Umuobasi-Ukwu, Abia State. Jonathan, who described power as key to national development, said his administration is committed to improving the nation’s power supply. According to him, the commissioning was dear to him because the project would have been […]
The Nigerian Electricity Regulatory Commission (NERC) said the electricity distribution companies (Discos) have been given the authority to disconnect supply to consumers who fail to pay up their bills after cutting tariff. The Chairman of NERC, Sam Amadi, stated this in Abuja while announcing the review of electricity tariffs in the country, adding that the […]
There appear to be a silver lining in the sky for the oil and gas sector in Nigeria as President Goodluck Jonathan assured Nigerians during the just concluded Presidential debate organised by the Nigeria Election Debate Group that the issue of oil theft will be tackled through the use of technology. President Jonathan disclosed that […]
The Federal Government has disclosed that a National Renewable Energy and Energy Efficiency Policy have reached the final approval stages ahead of its implementation. Minister of Power, Mr. Chinedu Nebo, stated this at the power forum session of the Nigeria Oil and Gas (NOG) . As a springboard support for the policy, Nebo said the […]
The Federal Government has taken vital steps in resuscitating the electricity sector – from privatisation, intervention funds, meter procurement, and investment in new power plants to mention a few. It is understandable that these fundamental changes will take time to fully turn the sector around and assure Nigerians of constant power supply. As the Honourable […]
The Nigerian National Petroleum Corporation, (NNPC), and Nigerian LNG Limited, (NLNG), have extended various incentives to their host communities in order to nip the growing scourge of pipeline vandalism in the bud. Both companies have resolved to involve the various communities in their areas of operation to provide security for their infrastructure. While the NNPC […]
The British economy is heading for a spell of deflation as official figures are expected to show that inflation dropped to 0.1% last month. Analysts expect the UK’s consumer price inflation figure for February to fall from 0.3% in January, driven by lower energy and food prices. Some economists think the monthly update from the […]
President Jacob Zuma of South Africa and the office of the Independent Power Producer (IPP) have declared separately that the country expects to generate close to 8,000MW of gas fired electricity by 2019. This quantum of power will require at least two billion cubic feet of gas per day, which with the country’s current gas reserves […]
The Chief Executive Officer of Eko Electricity Distribution Company (EKEDC), Dr. Oladele Amoda, has disclosed that company has set aside $15 million for the acquisition of both maximum demand metres for industrial users and another N20 billion for residential and commercial customers in order to improve electricity supply. Amoda said the company is making efforts […]
The leadership of Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of effective distribution of petroleum products during and after the general election across the hinterland of the country. Chairman, Western Zone of IPMAN, Alhaji Debo Ahmed, gave the assurance during the inauguration of Caretaker Committee to steer
Niger Delta Petroleum Resources (NDPR) has formed a joint venture with Nile Petroleum Corporation, the South Sudanese state hydrocarbon company, to “fully monetize and commercialize the entire Gas Reserves of The State of South Sudan.” NDPR’s Chief Executive, Layiwola Fatona, who made this known to guests at the Lagos Oil Club Question and Answer session, […]
The Minister of Petroleum Diezani Alison-Madueke has raised an alarm that low oil prices constitute a threat to Nigeria’s plan to raise crude oil production to 4 million barrels per day (b/d) by 2020. Alison-Madueke made this assertion at Nigeria Oil & Gas 2015 conference in Abuja, adding that “persistent depressed oil prices may limit […]
Lafarge Africa Plc, prominent cement and building solutions provider, has exhibited a robust positive outlook for the year 2015 by raising its stakes in UNICEM and AshakaCEM, the company’s profitability profile also took a leap in 2014, with the company approving a N3.60 dividend for its shareholders representing nine per cent improvement over prior year’s. […]
Oando Energy Resources (OER) has announced output increase from the commencement of production on Qua Iboe Field. Oando Plc Energy Resources Inc, announced the completion of all civil and pipeline works associated with the Qua Iboe field, and associated crude delivery and sales infrastructure, with commercial production at 2,150 boepd Gross. Oando Energy Resources holds
