NBS Report Highlights Widespread Use of Estimated Billing in Nigeria A recent report by the National Bureau of Statistics (NBS) has revealed that a significant portion of Nigerian households, approximately 85.2%, still rely on the estimated billing system for electricity tariffs. The Nigeria Residential Energy Demand-Side Survey Report 2024 indicates that only 14.8% of households…
Ademola Ogunbanjo Appointed as President/CEO of Oando Clean Energy Limited Ademola Ogunbanjo has been appointed as the President and CEO of Oando Clean Energy Limited (OCEL), a subsidiary of Oando Plc, marking a significant step in the company’s pursuit of sustainable energy solutions in Nigeria and across Africa. This leadership transition, announced via LinkedIn, emphasizes…
NNPC Confirms Helicopter Incident, Search and Rescue Ongoing The Nigerian National Petroleum Company Limited (NNPC) has confirmed that it lost contact with a helicopter en route to the FPSO NUIMS ANTAN. The helicopter, operated by East Winds Aviation, took off from the Port Harcourt NAF Base with eight people on board, including six passengers and…
Transparency Scape Officially Introduces Brokerage Firm, Unveils First Innovative InsurTech in Nigeria. Transparency Scape Insurance Brokers has officially introduced itself to stakeholders in Nigeria’s insurance industry, launching InsurEase, the nation’s first innovative InsurTech app. This new platform aims to make insurance more accessible, affordable, and user-friendly, revolutionizing how customers interact with insurance policies by utilizing…
GE Vernova Introduces GridOS® Software to Enhance West African Power Pool’s Energy Coordination GE Vernova has deployed its GridOS® orchestration software at the newly established Information and Coordination Centre (ICC) in Abomey-Calavi, Benin, to support the West African Power Pool (WAPP) initiative. This development is poised to transform the energy sector in West Africa, facilitating…
Dangote Refinery Directly Supplies Petrol to Marketers The Dangote Petroleum Refinery has commenced direct supply of Premium Motor Spirit (PMS), commonly known as petrol, to oil marketers in Nigeria. This move is expected to further enhance fuel supply and stability in the country. While the refinery is ramping up production, several oil marketers have also…
Gas-Driven Industrialization to Create Millions of Jobs, Boost SMEs Growth—Ubong The Coordinator of the Decade of Gas Initiative, Ed Ubong, has emphasized the potential of a gas-driven economy to transform Nigeria’s industrial landscape, creating millions of jobs and supporting the growth of small and medium-sized enterprises (SMEs). Speaking during the second panel at the 2024…
FG Moves to Slash LPG Prices, Halts Exportation In a bid to curb the rising cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, the Federal Government has announced new measures aimed at stabilizing prices and ensuring domestic supply. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, voiced his…
NESG: Mrs. Bukola Adubi Advocates for Nigeria to Tap into Economic Potential for Industrial Growth Abuja, Nigeria – At the 30th Nigerian Economic Summit, Mrs. Bukola Adubi, CEO of MicCom Cables and Wires, called on Nigeria to harness its vast economic potential to fuel industrial growth and transformation. Speaking at the event themed “Collaborative Action…
Cooking Gas Prices Surge by 76.41% in One Year The average price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), or cooking gas, has increased by 76.41%, rising from N9,247.40 in September 2023 to N16,313.43 in September 2024, according to the National Bureau of Statistics (NBS). On a monthly basis, the price climbed…
