Category: Energy and Power
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NERC silent as electricity distribution companies hike tariffs
The Nigerian Electricity Regulatory Commission (NERC) has remained silent after it was confirmed that electricity distribution companies in the country have quietly hiked tariffs across their franchise areas.
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BREAKING: NERC quietly approves increase in cost of electricity
The Nigerian Electricity Regulatory Commission (NERC) has quietly ordered electricity distribution companies to increase the cost of electricity across their franchise areas.
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Shell to pay €15m to Ogoni farmers, Niger Delta communities over pollution
Shell Petroleum Development Company (SPDC), the Nigerian subsidiary of the global oil giant, Shell Plc, has agreed to pay €15 million to communities in the Niger Delta region of Nigeria, affected by multiple oil pipeline leaks. Four Ogoni farmers and fishermen sued Shell in the Netherlands in 2008 to pay for cleaning up spills in…
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Nigeria requires $410bn to achieve energy transition
The Federal Government says Nigeria requires 410 billion dollars to achieve its energy transition plan by 2060 to address challenges and policy flexibility in the sector.
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We’re committed to overcoming electricity transmission challenges – TCN
The Governing Board of Transmission Company of Nigeria (TCN) on Tuesday said the company was more prepared to meeting the challenges of electricity transmission in the country.
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Giant strides in Nigeria’s oil and gas sector excite stakeholders
President Muhammadu Buhari has drawn accolades from stakeholders in the oil and gas sector of the Nigerian economy for the giant strides recorded in the sector.
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SPECIAL REPORT: Prolonged fuel scarcity questions FG’s N17bn tracking technology
Long queues of vehicles parked at filling stations and roads littered with petrol hawkers have become common sights in major cities across the country as fuel scarcity lingers for weeks, pushing up the prices of transportation and food commodities in an already fragile economy. Despite subsidy payments rising to an average of N500bn per month,…
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African network lends voice to call for action against oil thieves
The Africa Network for Environment and Economic Justice (ANEEJ), has called on the ongoing 11th Session of the United Nations Convention Against Transnational Organised Crime (UNTOC) in Vienna, Austria to take action to expose and deal with all those connected with oil theft in Nigeria in order to stop the economic haemorrhage. In a statement…
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Kyari claims significant reduction in oil theft as group calls for probe
The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPCL) Mele Kyari has claimed that the scale of oil theft in the Niger Delta, following the discovery of several illegal pipes, had significantly reduced. Kyari made the claim during his address on the second day of the PENGASSAN Energy and Labour Summit,…
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How I ameliorated the terrible electricity situation in Southeast -Bart Nnaji
Nigeria’s former Minister of Power, Prof. Bart Nnaji, has revealed how he helped in ameliorating the terrible electricity situation in the Southeast by setting up a 188-megawatt power plant in Aba through his company, Geometric Power. Nnaji, the chairman and CEO of Geometric Power Limited, made the disclosure on Tuesday at the 58th birthday of…