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Energy
OPEC Urges Nigeria To Increase Crude Oil Production
The Organization of the Oil Exporting Countries (OPEC) has advised Nigeria to improve crude oil production to continue to be a reliable source of energy to the world.
The Secretary-General of OPEC, Haitham al-Ghais, stated during a…
Reps Plans To Include Downstream Stakeholders On NNPCL Board
The House of Representatives says it is working on plans to amend the Petroleum Industry Act (PIA) to include downstream stakeholders on the board of the Nigerian National Petroleum Corporation Limited (NNPCL).
The Chairman of the House…
Minister Directs Disco To Publish Names Of Debtors In Edo, Delta
The Minister of Power, Chief Adebayo Adelabu, on Friday directed the Benin Electricity Distribution Company (BEDC) Plc. to publish names of electricity consumers owing the company in Edo and Delta states.
Adelabu, who is on inspection…
Kaduna Electric Ready To refund Overbilled Customers.
Kaduna Electric is set to comply with the Nigerian Electricity Regulatory Commission's (NERC) order, mandating it to refund overbilled customers.
Kaduna Electric and other Distribution Companies in the country were sanctioned…
FG Stops Export Of Cooking Gas To Reduce Price
The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in the country.
Minister of State,…
Electricity Tariffs: Senate To Probe Failed Agreements To Produce Prepaid Meters Locally
The Senate has resolved to probe a failed agreement which would have seen local manufacturers produce Prepaid Meters that would have been distributed across the nation to better electricity usage.
Also to be investigated is a…
FG To Earn $2.1tn From Zungeru Hydropower Plant Concession
The Federal Government will, for the next 30 years, earn a total of $2.1 trillion for the concession of the 700 MW Zungeru hydropower plant, according to an estimation by Channels Television.
Senior Special Assistant to the President on…
CBN Bars Int’l Oil Firms From Repatriating 100% FX Proceeds At Once
The Central Bank of Nigeria (CBN) has stopped international oil companies operating in Nigeria from repatriating 100% foreign exchange proceeds to their mother companies overseas at once.
The apex bank said international oil companies…
Climate Change: NNPC Ltd/Total Energies JV Achieves Zero Gas Flare
The operator of NNPC Ltd/TotalEnergies Joint Venture said the venture has achieved zero routine gas flare in all its assets.
The feat was announced on Thursday during an inspection tour of OML 100 in the South-eastern Niger Delta, off…
Petroleum Commission To Relocate Key Departments To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by Channels.
The memo dated February 14, 2024, said the decision was to enhance its…