Category: Energy and Power
-
FG accuses States Govts of hampering projects for better supply of electricity
The federal government gas accused some States Governments of hampering projects that are meant to strengthen and expand the national power grid for a better supply of electricity in the country.
-
CBN disburses N1.3 trn to support power supply in 5 years
Central Bank of Nigeria (CBN) says it has disbursed over N1.3 trillion to support the provision of power supply to Nigerians in the last five years. The CBN Governor, Mr Godwin Emefiele, made the remark at a news conference following a meeting of the Bankers Committee in Abuja on Monday. “So, what we are trying…
-
NERC Chairman reveals FG’s plan to stop payment for unused electricity
Oseni blamed the development on a conductor snap on a 330 Kilovolts (kV) transmission line
-
Electricity: National grid collapse again
Head, Corporate Communications, Ikeja Electric Plc, Felix Ofulue, has confirmed the system collapse of the National Grid on Tuesday, as the second in less than 48 hours. The national power grid earlier experienced system crash on Monday, causing a loss of 1,100 megawatts from a 3,700mw peak generation earlier recorded and throwing the country into…
-
FG quietly ends electricity subsidy
The federal government (FG) of Nigeria has quietly removed electricity subsidy, the Minister of Finance, Mrs Zainab Ahmed has revealed.
-
Adulterated petrol: We are almost through blending imported off-spec PMS – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says its members have almost completed the blending of the off-spec Premium Motor Spirit (PMS) popularly called petrol imported into the country.
-
Why Nigeria is unable to meet OPEC quota — Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to a lack of investments in the oil and gas sector.
-
Blackout looms across Nigeria as 14 power plants develop faults
The Transmission Company of Nigeria (TCN) has hinted that Nigeria’s capacity to supply power has declined massively.
-
Work with regulator to resolve contentious issues, NUPRC appeals to marginal field awardees
The Nigerian Upstream Regulatory Commission (NUPRC) has appealed to winners of the 2021 marginal field bids to show understanding and work in cooperation with the regulator to resolve the contentious issues thrown up by
-
Our sale, purchase agreement with ExxonMobil not terminated – Seplat Energy
Seplat Energy says its Sale and Purchase Agreement (SPA) with ExxonMobil has not being terminated. Mr Emeka Onwuka, Chief Financial Officer, Seplat Energy, made the clarification in a statement on Monday in Lagos. Onwuka said the clarification was necessitated by media reports that the Nigerian National Petroleum Company Ltd. (NNPC) had exercised a right of…