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FG Inaugurates Grids Monitor Centre
The Federal Government has inaugurated an energy management and control centre established in Abuja to monitor electricity mini-grids operating across the country. It said the centre, known as the Energy Management System, would serve as the off-grid electricity supervisory control and data acquisition system for mini power grids in Nigeria. Speaking at the launch of…
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Low investment in energy sector dangerous for economy – Professor Adenikinju
By Iyabo Adebisi The President of the Nigerian Economic Society, NES, and expert in Petroleum Economics, Professor Adeola Adenikinju says low investment in the nation’s energy sector portends great danger for the economy of the country in the future. The Professor of Petroleum Economics at the University of Ibadan, UI, lamented that divestment by international oil…
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TCN Denies Report on National Blackout
As workers commenced a nationwide indefinite strike on Tuesday, the Transmission Company of Nigeria, TCN, has said there is no truth in a media report about a looming national blackout. TCN emphasised that the claim made by an online news outlet alleging that the Head of Public Affairs of TCN predicted a national blackout was…
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Stop panic buying, root cause of queues addressed- NNPC
The Nigerian National Petroleum Company (NNPC) Limited said it has noted the appearance of fuel queues in some parts of Lagos and a few other locations around the country. The retail management of the NNPC in a statement on Thursday, said the queues are due to reduced Depot loadout in Apapa, Lagos over a few…
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Investors to enjoy maximum power supply – Shettima
By Abimbola Bamgbose Investors in Nigeria will begin to enjoy maximum power supply to boost production capacity while contributing to the general economic growth of the nation. Vice President Kashim Shettima gave the assurance during the Agbara Business Roundtable held in Agbara, Ado-Odo/Ota Local Government Area of Ogun State. Vice President Shettima, who is the…
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We’ll sanction any DisCo that fails to comply with extant rules – FCCPC
By Olawale Asake The Federal Competition and Consumer Protection Commission, FCCPC, says it will not fail to sanction any Electricity Distribution Company, DisCo, that fails to comply with extant rules and regulations in the power sector. The Executive Vice Chairman and Chief Executive Officer, CEO, of the Commission, Mr Babatunde Irukera, stated this at the…
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Illegal Refinery Explosion Claims Pregnant Woman, 17 Others
No fewer than 18 people, including a pregnant woman, have lost their lives following an explosion in an illegal oil refining site in the Ibas community in the Emuoha Local Government Area of Rivers State. It was learned that the incident occurred late Sunday night when some people in the community were scooping petroleum products.…
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Cooking Gas Price Hike Imminient
Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. The President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, told newsmen that the price of Liquefied Petroleum Gas also known as cooking gas has…
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Fire Guts TCN Transmission Substation
There was a fire incident at the Transmission Company of Nigeria transmission, TCN, substation in Birnin-Kebbi, Kebbi State, on Thursday night. The 330 kilovolt (kV) facility was reportedly engulfed in the inferno, though the immediate cause has yet to be disclosed. The incident comes barely 24 hours after a national electricity grid collapse resulting from…
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Update your Prepaid Meter Now, NERC Urges Subscribers
The Nigerian Electricity Regulatory Commission has urged prepaid meter users to update their meters before November 2024. NERC shared the update on its X handle (formerly Twitter) on Tuesday. The electricity regulatory commission added that the update, which is free of charge, would not affect the current prepaid units of users. It further advised users…
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Stakeholders working to prevent further PMS price hike – Tinubu Media Aide
By Saadatu Albashir President Bola Tinubu and industry stakeholders have taken a definitive stance, asserting that the existing fuel pricing structure will remain unchanged. Ajuri Ngelele, the spokesperson for President Tinubu, said stakeholders were proactively tackling inefficiencies, that seek to pre-empt the need for a price increase while also fostering a level playing field for…
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No Intention to Hike Fuel Price Says NNPCL
The Nigerian National Petroleum Company Limited, NNPCL, has eventually spoken up as regards the widespread concern of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol. In a post by the company, posted around 11:48pm on Monday on its official X (formerly Twitter) handle, the national oil firm and major…
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Queue at Gas Hub as Fear of Price Hike Looms
Jeffrey Ahonmisi/Bukunmi Some residents of Ibadan are trooping to liquefied natural gas stations to refill their gas cylinder as report indicates an imminent increase of the Product. Radio Nigeria correspondents, who monitored the situation observed that long queues of customers were seen trying to fill their gas at a popular gas filling station in Molete…
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Expect hike in price of cooking gas – Marketers
The hike in the foreign exchange rate and activities in the international market may result in an increase in the price of cooking gas, says the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Mr Olatunbosun Oladapo, the President of the association, issued the warning on Thursday in Lagos during an interview with newsmen. Oladapo…
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Daily fuel consumption falls by 28 Percent – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has disclosed that the average daily consumption of fuel in Nigeria has fallen by no fewer than 28 percent since President Bola Ahmed Tinubu announced the scrapping of fuel subsidies. According to new figures released to Reuters by NMDPRA, the average daily petrol consumption fell to…
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Ogun will establish energy generating company soon – Gov. Abiodun
By Bolanle Adesida Ogun State Governor, Prince Dapo Abiodun has said that his administration would take advantage of the newly signed electricity bill by establishing a company that would generate and distribute power supply in the State. Governor Abiodun made this known at Okemosan Abeokuta while receiving participants of the Senior Executive Course 45, Group…
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Anxiety as Ex-Depot Price of PMS increases
There was palpable anxiety among members of the public, following a rise in the ex-depot price of petrol by 4.3% to 490 naira per litre. As a result, some petrol stations have started selling above 500 naira per litre, 12 naira higher than the 488 naira per litre price in the Lagos area and 500…
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Subsidy Removal: FG Strides Towards Solar Alternative
By Adenitan Akinola The Federal Government is to provide solar energy alternatives to Nigerians in a bid to cushion the effect of subsidy removal on businesses and households. The Managing Director of Rural Electrification Agency (REA) Mr Ahmad Salihijo Ahmad gave the hint in Osogbo, the Osun State capital during the inspection of Energizing Economies…
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Asari Dokubo Alleges Army, Navy Complicit in Nigeria’s Oil Theft
Prominent Niger Delta leader and former agitator, Mujahid Asari Dokubo, on Friday, in Abuja, alleged that the bulk cases of oil theft recorded in the oil-rich region are traceable to the Nigerian Army and Navy. “The military is at the centre of oil theft and we have to make this very clear to the Nigerian…
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Osun Targets Plan of Action for Electricity Market
By Funmi Adekoya The Osun State Governor, Senator Ademola Adeleke says his administration is set to develop a plan of action for the making of Osun State Electricity Market Policy and Legislation. Speaking on recent signing into law of a constitutional amendment empowering state governments to regulate electricity market within their boundaries, Governor Adeleke in…
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Oyo will soon commence generation, distribution of electricity – Makinde
By Iyabo Adebisi Governor Seyi Makinde of Oyo state has promised to work assiduously to ensure that the state emerges first to attain energy sufficiency in the country. He said this during the commissioning of an electrification project in Olorunda Ogunsola Idi-Obi and environs in Ona-Ara Local Government Area facilitated by Chief Dotun Sanusi to…
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Okonjo-Iweala Recalls Nasty Experience with Vicious Fuel Subsidy Cabal (Video)
This isn’t the first time the idea of petrol subsidy removal would be mooted. The Jonathan administration under which the incumbent Director General of the World Trade Organization, WTO, Dr Ngozi Okonjo-Iweala, served as Minister of Finance and Coordinating Minister of the Economy also had its fair share of mention in the saga. In fact,…
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Petrol price will eventually drop- NNPC
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, NNPC, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as…
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NNPCL Releases New Petroleum Pump Price
The Nigerian National Petroleum Ccompany Limited (NNPCL) has jerked up pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre.A new pricing template purportedly sent to marketers by the NNPCL management to oil marketers late yesterday, a copy of which was obtained by newsmen,…
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Pump Price: Motorists Appeal to Government to Address Situation
By Rotimi Famakin The Federal and State governments have been told to take urgent step that would put an end to the exploitation perpetrated by fuel marketers in the country. Some motorists in Ibadan stated this while speaking with Radio Nigeria on their experience in getting premium motor spirit otherwise known as petrol. The motorists…
