Kogi State Takes Control of Electricity Market Regulation from NERC In line with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023, the Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory oversight of the electricity market in Kogi State to the Kogi State Electricity Regulatory Commission (KSERC). This…
NDDC Builds Multi-Purpose Emergency Shelters Ahead of Anticipated Flooding The Niger Delta Development Commission (NDDC) is constructing six multi-purpose emergency shelters across Bayelsa, Delta, and Rivers states to provide refuge for Internally Displaced Persons (IDPs) in the event of flooding in the Niger Delta. This initiative was revealed by NDDC Managing Director, Dr. Samuel Ogbuku,…
Customs, SMEDAN Collaborate to Ease Cross-Border Trade The Nigeria Customs Service (NCS) has announced a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) aimed at boosting local production and facilitating cross-border trade for small and medium-sized enterprises (SMEs). During a meeting at the NCS headquarters in Abuja, Comptroller-General of Customs,…
Oil Prices Rise on Surprise Crude Draw Amid Anticipation of Fed Rate Cut Crude oil prices edged higher today following the U.S. Energy Information Administration’s (EIA) report of an unexpected inventory draw of 1.6 million barrels for the week ending September 13. This comes after a modest inventory build of 800,000 barrels the previous week,…
NLNG Committed to Reducing Emissions, Promoting Sustainable Energy Development – DMD Osobu …Urges Government to Provide Financial Guarantees for Climate Technology Investments. Nigeria LNG Limited (NLNG) has reaffirmed its dedication to reducing emissions and fostering sustainable energy development through advanced technologies. The Deputy Managing Director of NLNG, Olakunle Osobu, emphasized this commitment while speaking at…
Framework for Utilizing Petroleum Wealth for Sustainable Development -Dr. Timothy Okon The 13th Edition of Emmanuel Egbogah Legacy lecture series was recently held at the Emerald Energy Institute auditorium, University of Port Harcourt, in Rivers State. The Emmanuel Egbogah Foundation (EFF) which was established in 2019 to honour the legacy of renowned Petroleum Engineer, Dr….
NCC, SEC, NASENI Heads, Professors to Discuss Economic Recovery at WES 2024 Preparations are underway for the annual WorldStage Economic Summit (WES) 2024, scheduled to take place on Wednesday, September 25, 2024, in Lagos. The event will feature top business and public executives, including Dr. Aminu Maida, Executive Vice Chairman/CEO of the Nigerian Communications Commission…
Access Corporation, MTN Nigeria Propel Equity Market to N607bn Gain The Nigerian equity market saw a significant boost last week, with market capitalisation rising by N607 billion, driven by strong buying interest in large-cap stocks such as Access Corporation and MTN Nigeria. The All-Share Index (ASI) climbed 1.06% to close at 97,456.62 points, while market…
India Secures $386 Billion for Renewable Energy Push; Reliance and Adani Pledge Major Commitments India is set to connect a record 35 gigawatts (GW) of solar and wind energy to its power grid by March 2025, as part of its efforts to accelerate clean energy adoption after missing its 2022 renewable energy target. This move…
Monopoly Concerns: DAPPMAN Urges FG to Address Dangote Refinery’s Pricing The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has been accused by Devakumar Edwin, Vice President of Dangote Industries Limited, of reporting the Dangote Refinery to President Bola Tinubu over its low-priced diesel products. Edwin made this claim during a space session organized…
