Dare Olawin
Electricity woes deepen as vandalism surges across power infrastructure
Despite the efforts of President Bola Tinubu’s administration to achieve nationwide electrification and boost economic development, the nefarious activities of vandals are sabotaging progress, plung...
30th August 2024
UNILAG power disconnected over N1bn debt – EKEDC
The Eko Electricity Distribution Company says it disconnected the University of Lagos from the power grid on Tuesday over its failure to pay its over N1bn electricity debt. The EKEDC Corporate Communi...
30th August 2024
Seven million African youths unemployed yearly – British Council
Close to seven million African youths are unable to get employment opportunities in the African labour market every year, the British Council says. The British Council Country Director, in Malawi, Ver...
30th August 2024
Aradel to acquire NNPC, TotalEnergies oil fields
Aradel Holdings Plc, an indigenous energy company, through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100 per cent interest in the Olo and Olo West ...
29th August 2024
FG approves 50% electricity subsidy for hospitals
The Federal Government has approved a 50 per cent subsidy for the electricity consumed in hospitals across the nation. This followed a promise by the Minister of Power, Adebayo Adelabu, that the Feder...
29th August 2024
Meter payments to be spread over 10 years, says minister
The Minister of Power, Adebayo Adelabu, has clarified that electricity consumers who get free prepaid meters will have up to 10 years to repay the cost. Adelabu’s statement contradicts claims that c...
29th August 2024
Eko DisCo laments MDAs N144bn electricity debt
The acting Managing Director of the Eko Electricity Distribution Company, Mrs Rekhiat Momoh, disclosed that the company was being owed N144 billion by ministries, departments and agencies in its area ...
29th August 2024
PUNCH hosts communication scholars ahead of 2024 conference
The Management of PUNCH Nigeria Limited played host to members of the Association of Communication Scholars and Professionals of Nigeria on Wednesday at the newspaper’s head office in the Magboro ar...
29th August 2024
NIPCO, partner unveil power projects in Lagos
NIPCO Gas has, in partnership with the Nigerian National Petroleum Company Gas Marketing Limited, unveiled the Lekki Gas Distribution Project and the Lekki Power Plant. NIPCO Gas entered into a partne...
29th August 2024
72 illegal refineries uncovered in one week – NNPC
No fewer than 72 illegal crude oil refining sites were uncovered in the past week, the Nigerian National Petroleum Company Limited disclosed in a video report. The 72 illegal refineries were reportedl...
29th August 2024
NGA lauds operators for Eko Atlantic gas project
The Nigerian Gas Association has commended Axxela Limited and the Nigerian National Petroleum Company Gas Marketing Limited for the launch of the first phase of their 72.5km natural gas pipeline proje...
29th August 2024
NNPC begins free eye-care programme in Lagos
The Nigerian National Petroleum Company Limited says it has flagged off the third edition of its Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the ...
29th August 2024
NNPC unveils free eye-care services in Lagos community
The Nigerian National Petroleum Company Limited says it has flagged off the third edition of its Vision First Programme as part of comprehensive community-focused healthcare outreach targeted at the I...
28th August 2024
FG, states raise N100bn for meter procurement
The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power, Adebayo Adelabu, said this was under the Presidential Meter Initiative pr...
28th August 2024
Oil production fell in Q2 – NBS
Nigeria’s daily oil production shrank by 160,000 barrels per day in the second quarter of 2024. This was contained in a report released by the National Bureau of Statistics. Within these three month...
28th August 2024
Reps promises to pass bill on electricity theft
The Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hamisu Ibrahim, has pledged the committee’s resolve to work with relevant committees in the House to pa...
28th August 2024
AMCON set to sell Ibadan Disco
The Assets Management Corporation of Nigeria says the only way to make the Ibadan Electricity Distribution Company more efficient is to sell it to viable investors. The AMCON Managing Director/Chief E...
28th August 2024
Govt backs Eko revenue summit
The Lagos State Government has endorsed the Eko Revenue Plus Summit scheduled for September 25–26. At a press conference held recently in Lagos, the organisers of the summit, Modo Ante, in collabora...
28th August 2024
NEITI to probe 190 oil, mining companies’ revenues
About 198 extractive companies and government agencies have submitted information and data for the ongoing nationwide reconciliation and validation of revenues in the oil, gas, and mining industries b...
27th August 2024
Oando acquisition of Agip followed due process – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission says the acquisition of the Nigeria Agip Oil Company by Oando Plc conforms with the provisions of the Petroleum Industry Act. It disclosed this in...
27th August 2024
FG plans intervention as cooking gas hits N1,300/kg
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, says the Federal Government would do everything it could to reduce the rising cost of Liquefied Petroleum Gas also known as cooking...
27th August 2024
FG distributes free cooking gas cylinders in Lagos
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in collaboration with the Decade of Gas Initiative, on Monday, flagged off the distribution of free cooking gas cylinders to approx...
26th August 2024
NNPC has no funds to fix old pipelines – FG
The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild old pipelines. The Minister of State for Petroleum Resources, (Oil)...
26th August 2024
Power sector problems not technical – Minister
The Minister of Power, Adedayo Adelabu, says the challenges facing the Nigeria electricity supply industry are not technical. Adelabu disclosed this in response to comments that he was a square peg in...
26th August 2024
Sell NNPC refineries to fund modular plants, CORAN tells govt
The Federal Government has been asked to sell the government-owned Port Harcourt, Warri, and Kaduna refineries to fund modular ones. All three refineries are under the management of the Nigerian Natio...
25th August 2024
Tinubu has no interest in OVH acquisition – NNPC
The Nigerian National Petroleum Company Limited says neither President Bola Tinubu nor Mr Wale Tinubu of Oando Plc has an interest in the acquisition of OVH by NNPC. NNPC, in a statement by its spokes...
23rd August 2024
NUPRC allays job losses as IOCs divest
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has allayed the fear of job loss among workers of international oil companies leaving Nigeria or divestin...
23rd August 2024
Power minister laments as industries shun national grid
The Minister of Power, Adebayo Adelabu, has lamented the rate at which bulk electricity consumers abandon the national grid to generate their own electricity. Adelabu emphasised that grid connection a...
22nd August 2024
Oando acquires Nigerian Agip oil company
Oando PLC says it has completed the acquisition of 100 per cent shares of Nigerian Agip Oil Company Limited. The company made this known in a statement on Thursday, saying “Today marks a historic mi...
22nd August 2024
Ajaokuta Steel Company risks disconnection over N1.27bn energy debt
The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt it incurred in the first three months of the year. Describ...
22nd August 2024
Shell commits to empowering young energy professionals
The Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in Environmental Management and Green Energy, Professor Anene Moneke, has stated that the targeted investments in ed...
22nd August 2024