Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,855 megawatt-hour of electricity into the national grid on Wednesday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President, and made available in Abuja on Thursday. The report said that the…
The Nigerian Electricity Regulatory Commission (NERC) has emerged as number one public institutions in the 2019 National Freedom of Information (FOI) Ranking. This was the submission of the Public and Private Development Centre (PPDC) in collaboration with other Civil Society Organisations such as Connected Development, Budgit, Media Rights Agenda and Right to Know (R2K). The ranking…
The Association of Nigerian Electricity Distributors (ANED), says Electricity Distribution Companies (DisCos) do not default in payment of applicable taxes to government. ANED’s Executive Director ,Research and Advocacy ,Mr Sunday Oduntan, made the assertion in a statement in Abuja on Thursday. He said that as responsible corporate citizens, all members of the association took their…
The foundation stone for polyol complex – MOL’s 1,2 billion EUR petrochemical investment – has been laid in Tiszaújváros The polyol complex is expected to be commissioned in 2021 and will create 200 jobs in the operating period. With a budget of EUR 1.2 billion, also supported by the Hungarian government through tax allowances and…
The Federal Government yesterday announced commencement of a major review to power procurement policy. Minister of Power, Saleh Mamman, who declared this during the Power Nigeria conference in Lagos, maintained that the fresh policy direction would, among other things, guarantee the evacuation of over 2000 Mega Watt of power stranded between generation and distribution companies…
African Development Bank President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday. Addressing a gathering of leaders and officials from almost 200 countries in New York, Adesina outlined efforts to shutter coal-fired power plants and build…
The National Broadcasting Commission has sanctioned 45 broadcasting stations which allegedly breached its code in the 2nd quarter of 2019. NBC Director General, Mallam Ishaq Kawu, made this known while addressing a news conference on Wednesday in Abuja. He said the contraventions included breaches of the rules on hate speech, abusive and inflammatory broadcast. Kawu stressed…
An energy expert, Dr Damola Omole, Head, Power and Energy Strategy, Dangote Industries, says increasing electricity tariff will not solve the problems bedeviling the power sector in Nigeria. Omole said this on Wednesday at the ongoing Power Nigeria Agenda Exhibition organised by Informa markets in Lagos. He said that increasing the tariff would only amount…
The Lagos State Government has called on private investors to assist the state in the provision of 9,000 megawatts to enable it transform the economy of the state. Gov. Babajide Sanwo-Olu made the call at the Corporate Council on Africa Forum on the sideline of the ongoing 74th Session of the United Nations General Assembly…
The Nigerian National Petroleum Corporation (NNPC) has signed a novation agreement with Nigerian Agip Oil Company (NAOC) on Oil Mining lease (OML) 60,61,62 and 63. Nigerian Agip Oil Company (NAOC) Limited operates in the Niger Delta, under a joint venture arrangement with NNPC (60 per cent), NAOC (20 per cent), and Oando (20 per cent), The Group Managing Director of…
