Category: Energy and Power
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NERC gives reasons for increasing rate of electricity tariffs
The Nigeria Electricity Regulatory Commission (NERC) has disclosed the reasons behind the increasing rate of electricity tariffs across the country.
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FG approves amendment of deep offshore oil block mini bid round schedule
In a bid to boost confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the bid round calendar to accommodate the concerns expressed by both local and international investors over the closeness of the schedule to the terminal date of…
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States to generate, transmit and distribute electricity, as Buhari signs amended constitution
President Muhammadu Buhari has signed into law the constitutional amendment allowing states in the country to licence, generate, transmit, and distribute electricity. This was made known in a tweet by the presidential media spokesperson, Tolu Ogunlesi, on Friday. He tweeted, “President #MBuhari has signed 16 constitution amendment bills into law. By this signing, State Houses…
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Petroleum Ministry, NUPRC differ on crude oil loss in Nigeria
The Minister of State for Petroleum Resources, Chief Timipre Sylva has attributed the loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure.
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What we are waiting for to start selling fuel at N195 per litre – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed its members are still expecting the arrangements being made by the Nigerian National Petroleum Company Limited (NNPCL) for independent marketers to lift fuel at N172 so that they can start selling at N195 per litre.
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Fuel Scarcity: Queues ease as NNPC, Matrix Energy begin massive supply in Delta, Edo, other
The perennial queues occasioned by the non-availability of the Premium Motor Spirit (PMS) also known as fuel in Warri, Effurun and other parts of Delta State has started phasing out following recent mass supply of the product to marketers in the State.
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Transcorp rehabilitates gas turbine, adds 138MW to existing capacity
TransAfam Power Ltd has announced completing the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma-Afam, Ndoki in Oyigbo Local Government Area of Rivers State.
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Aggrieved customers attack BEDC worker, engineer in Benin
Aggrieved customers in Evbuotubu in Benin, Edo State have unleashed an attack on a worker and an engineer of the Benin Electricity Distribution Company PLC (BEDC).
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Angry Edo youths attack PHCN official, leave him with broken leg
Angry youths of Ugbiyoko community in Edo State have attacked a staff of the Power Holding Company of Nigeria (PHCN), leaving him with a leg fracture. A video making the rounds online shows the PHCN staff being transported in a vehicle to a local hospital where he is said to be receiving treatment. The official…
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SUBSIDY: How FG mandated reduction of petrol price- Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the current price of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited is based on the mandate from the Federal Government as regards PMS subsidy. Sylva remarks came as oil marketers stated that the supply hitches in…