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Power
CUPP Rejects Electricity Tariff Hike, Says Tinubu’s Govt Insensitive, Lacks Growth Plan
The Coalition of United Political Parties (CUPP) has kicked against the hike in electricity tariff, announced by the Nigerian Electricity Regulatory Commission (NERC), mentioning the government of the day is very insensitive and "have no…
Tariff Hike: NERC Fines AEDC N200m For Overcharging Electricity Customers
The Nigerian Electricity Regulatory Commission (NERC) has imposed a N200 million fine on the Abuja Electricity Distribution Company (AEDC), for increasing tariff for customers that are not on Band A.
Band A customers are those who…
N495m Debt: After 16 Days Of Disconnection, IBEDC Reconnects UCH Ibadan
The Ibadan Electricity Distribution Company has restored power supply to the University College Hospital in Ibadan, Oyo State, after days of disconnection.
The development came 16 days after the College was reportedly disconnected for…
Abuja Electricity DisCo Apologies To Customers Over Erroneous Billing
The Abuja Electricity Distribution Company (DisCo), AEDC, has apologised to its customers over the wrongful billing of the new tariff rate.
The firm attributed the development to a system glitch.
This was disclosed in a tweet via the…
Tarrif Hike: NERC Unveils Areas To Be Affected In Lagos
The Nigerian Electricity Regulatory Commission (NERC), has unveiled the list of areas in Lagos State where the new electricity price upward review will affect.
The NERC through its Vice Chairman, Musliu Oseni had on Wednesday announced…
FG Approves N225/KWH Electricity Tariff Hike
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff that will allow power distribution firms to raise prices to N225 per kilowatt-hour for Band A consumers in the country.…
Refined Product: Dangote Pegs Minimum Of 1ml/marketer As Diesel Sale Begins
The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer, as it is set to commence sales of the product today, The Nation learnt.
Independent…
Another Grid Collapse Plunges Nation In Darkness
Nigeria experienced another system collapse, throwing the country thrown into a total blackout, the fourth in three months.
The country's central electricity grid is managed from Osogbo in Osun State, and it collapsed around 4:30 pm on…
Indian Refiners Buy More US Crude As Russia Sanctions Tighten
More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
India, the world's third-biggest…
Oil Benchmark Brent Nears $86 On Heightened Supply Concerns
Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East.
Brent crude futures climbed 44 cents to $85.87 a barrel by 1321 GMT while U.S. crude futures gained…