There are strong indications that implementation of the Meter Asset Provider (MAP) regulation recently introduced by the Nigerian Electricity Regulatory Commission (NERC) originally billed to take off on April 3, 2018, will not commence this year afterwards. Findings showed that this is because the Distribution Companies (Discos) are ill-disposed and unwilling to key into the…
The management of Ikeja Electric has informed its esteemed customers of a planned outage on the T2 15MVA Power transformer at Ogba injection substation. The duration of the outage is expected to last from 20th – 21st September 2018. It asked its customers to “kindly bear with us as this will disrupt your usual schedule…
The Federal Government should open up a lending window through which investors in the new metering plans would borrow money, the Meter Manufacturers Association of Nigeria (MMAN), Executive Secretary, Mr. Muhideen Ibrahim, has said. He said the new metering regulation ensures that investments have a life span of between 10 years and 15 years. In…
Investors in electricity Generation Companies (GenCos) have called for the Federal Government’s intervention as they claim host communities have halted over 1,400 megawatts (MW) generation in Gbarain and other power plants demanding for free supply directly from them (GenCos). Speaking under the Association of Power Generating Companies (APGC), the investors said the host communities in…
The Abuja Electricity Distribution Company (AEDC), says that thieves with sophisticated methods have been stealing electricity from its network. It said the practice of stealing its electricity has persisted despite massive investments in distribution assets improvement measures. Its Managing Director, Mr. Ernest Mupwaya, made this disclosure when he hosted members of the national executive council…
The bidding round continues to highlight the importance of the Oil Week and the fact that it continues to drive new business opportunities for exploration companies in Africa LONDON, United Kingdom, September 24, 2018/ — OMNIS, in partnership with Africa Oil Week (www.Africa-OilWeek.com), TGS and BGP, announce a licensing round in Madagascar, to be launched…
The Federal Government (FG) has confirmed it is considering the safe use of nuclear and geothermal energy to improve power supply in the country. Minister of State for Mines and Steel Development, Hon. Abubakar Bwari said the government has been interfacing with the Nigerian Atomic Energy Agency towards advancing the safe use of nuclear energy….
The Organisation of Petroleum Exporting Countries (OPEC) has said the average price of its members’ crude grades (OPEC Basket) rose by 70 per cent in two years to $73.27 per barrel (bbl). Oil prices crashed globally in 2014 from over $100 per barrel to below $30 per barrel. However, from 2016, prices started to rally…
The Organisation of Petroleum Exporting Countries (OPEC) has said the average price of its members’ crude grades (OPEC Basket) rose by 70 per cent in two years to $73.27 per barrel (bbl). Oil prices crashed globally in 2014 from over $100 per barrel to below $30 per barrel. However, from 2016, prices started to rally…
The Minister of Communications, Mr. Adebayo Shittu, has launched a $1 million breakthrough innovation which will change the face of Information Communication Technology (ICT) in Nigeria. Shittu while speaking at the unveiling of the new multimedia multifunctional digital system in Abuja, said the ICT when fully deployed would employ at least 50,000 Nigerians. He noted…
