Minister of Power orders investigation into a five-year extension of a license for Discos The Minister of Power, Mr. Adebayo Adelabu has ordered an investigation into the five-year extension of license for electricity distribution companies after the elapse of their initial ten-year license from 2013 to 2023. Mr Adebayo Adelabu disclosed this during a one-day…
NDDC to Partner TotalEnergies, Other IOCs on Renewable Energy The Niger Delta Development Commission, NDDC, says it will work with TotalEnergies EP Nigeria Limited and other international oil companies to increase investments in renewable energy projects in the Niger Delta region, in order to reduce the impact of climate change in the region. NDDC Managing…
Inconsistent policy threatens $155m smart meters project Inconsistent government policies and other factors have threatened the execution of the $155 million Phase 2 of Nigeria’s National Mass Metering Programme, NMMP. The project is funded by the World Bank to provide 1,250,000 smart meters for distribution to 11 electricity distribution companies, DisCos in Nigeria. Former President…
Tech Firms, Experts Prepare for IMC TTSWG’s Innovation Challenge in Lagos Stakeholders in the Nigerian technology sector are ready for the Telecommunication and Technology Sustainability Working Group, TTSWG, sponsored Innovation Makers Challenge (IMC). The organizers of the conference have unveiled its groundbreaking sustainability initiative Innovation Makers’ Challenge, a resolute commitment to shaping a greener, more…
Nigeria’s State Oil Firm Launches New ‘Nembe’ Grade Of Crude Nigeria’s state oil firm NNPC Ltd on Tuesday said it had launched a new grade of crude called Nembe, as Africa’s largest oil producer aims to ramp up crude production. The country has long dealt with output declines due to crude theft, attacks on pipelines…
Adelabu Tasks NEMSA on Inspection of Discos, Gencos Installations Minister of Power, Chief Adebayo Adelabu, has urged the Nigerian Electricity Management Services Agency (NEMSA) to diligently implement its Service Charter 2023. This Charter mandates the agency to conduct technical inspectorate services on installations belonging to Distribution Companies (DisCos), Generation Companies (GenCos), and the Transmission Company…
Pipeline Vandalism Cost Nigeria N471 Billion in 5 Years: 7,143 Cases Recorded – NEITI NEITI has said Nigeria recorded 7,143 pipeline vandalism cases in 5 years resulting in N471 billion spent on repairs. This is according to Dr. Ogbonnaya Orji, the Executive Secretary of the Nigerian Extractives Industries Transparency Initiative (NEITI). Dr. Orji said this…
The Dillema of Subsidy Payment Subsidy payment has been an albatross to Nigerian governments as previous administrations have struggled with it and suffocated the country’s economy even international financial agencies like the International Monetary Fund (IMF) has supported its removal. Petrol subsidy has created a colossal hole in the nation’s revenue. In 2021 1.7 trillion…
Editor of Realnews Raises Alarm Over $18bn Lost Yearly To Illicit Financial Flows by Nigeria The Editor of Realnews, Maureen Chigbo, has said that $18 billion is lost yearly to illicit financial flows, Iffs, through the banking sector despite the effort of the Central Bank of Nigeria, CBN, and other regulating institution in the sector…
NNPC/Aiteo Joint Venture Launches New Crude Oil Grade Nembe The NNPC/Aiteo Joint venture has launched a new crude oil grade into the international crude oil market, known as Nembe Crude Oil Grade. The announcement was made on Tuesday at the ongoing Argus European Crude Conference in London, United Kingdom, according to a statement by the…
