Crude oil futures climbed wednesday, with Brent reaching $80 per barrel, after a larger-than-expected drop in United States crude inventories and as US sanctions on Iran added to concerns over global oil supply. US crude inventories fell by 5.3 million barrels in the last week, the US Energy Information Administration said wednesday. Analysts had expected…
In its consistent push to deepen competence and further bridge the gap between the industry and education sector, Schneider Electric Nigeria has commissioned an ultra-modern learning centre at the Faculty of Technology, University of Ibadan; a promising partnership to empower youths to become the skilled workforce needed to solve Nigeria’s power challenges. The lack…
The Nigerian National Petroleum Corporation, Tuesday, said it plans to venture into solar power generation and is also considering powering all its retail outlets with electricity from solar energy. He stated that as part of NNPC’s expanded programme on providing renewable energy solutions, the corporation was planning to power all its retail outlets by means…
Despite the challenges bedevilling Nigeria’s automotive sector, some assemblers have expressed interest to invest in the production of electric vehicles (EVs) in the country. Of the one billion cars in the world, only two million are electric. But that will soon change, as costs diminish, and governments encourage the adoption of EVs to cut carbon…
The Nigerian Electricity Management Services Agency (NEMSA) has inducted 70 of its engineers for training at the National Power Training Institute of Nigeria (NAPTIN). The Managing Director of NEMSA, Engr. Peter Ewesor who spoke at the induction ceremony in Abuja yesterday said the training was part of the agency’s resolve to boost capacity for its…
The Ajaokuta Steel Company and other international customers owe the power sector N12.2b, according to the 2018 first quarter report of the Nigerian Electricity Regulatory Corporation (NERC). NERC disclosed yesterday that in the period under review, invoices issued to foreign customers (CEB/SAKETE and NIGELEC) and special customer (Ajaokuta) stood at N12.2b, but payments were not…
Kaduna Electric has launched a Customer Relationship Management (CRM) portal which it has integrated into its website. Customers can now log on to the company’s website; www.kadunaelectric.com and access the portal where they can lodge complaints of any kind relating to electricity services provided by the company. The company’s Head of Corporate Communication, Abdulazeez Abdullahi, said through…
The Transmission Company of Nigeria (TCN) has received funds from the Federal Ministry of Power and Housing for the electrification of the Loko community of Nassarawa State and Agatu community in Agatu local government area of Benue State. TCN now invites bids from interested bidders for the supply and installation of equipment and material for…
A recent study performed by the International Renewable Energy Agency (IRENA), says that hydrogen produced from renewable energy could enable large amounts of power to be channelled into sectors otherwise difficult to decarbonise through electrification. “Hydrogen could, therefore, be the missing link in the energy transition,” the agency said. The target sectors have been highlighted by…
The nation’s power grid has suffered its ninth total system collapse this year amid a lack of spinning reserve that is meant to forestall such occurrences. This year, the national grid has so far recorded 10 collapses – nine total, while one was partial, the latest data obtained from the Ministry of Power, Works and…
