February 17, 2024DistributionFinanceGenerationImpactNewsPower

 GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 

  Oredola Adeola Adebayo Adelabu, Minister of Power has revealed that power generation companies (GenCos) are losing almost half of their supplied electricity due to theft, inefficiencies in billing and collection processes, resulting in a staggering NGN1.6 trillion shortfall in…

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February 17, 2024DistributionImpactNewsPowerReview

How customers on estimated billing can claim overbilled energy refunds

    Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has provided a portal to empower customers who were overbilled by eleven (11) electricity distribution companies (DisCos) between January and September 2023, to ascertain their energy refund balance.   This…

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February 16, 2024Oil & GasOpinion-editorialUpstream

NUPRC not leaving Abuja as erroneously speculated

  By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flow stations, crude oil export terminals, and all pipelines carrying crude oil, and…

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February 15, 2024AdvertorialDistributionFinanceNewsPower

Rising cost of living crisis: Kaduna DisCo announces 10% increment for Staff

  Oredola Adeola The new management of Kaduna Electric has approved 10 percent staff’s salary increase across all categories, effective this February 2024, as part of efforts to improve overall performance and address the impact of rising living costs in…

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February 15, 2024ConcessionDistributionFinanceGasGenerationMultilateral FinanceNewsOil & GasPower

REVEALED: How powerful individuals misled Buhari to approve $10m risk guarantee for Calabar IPP at citizens’ detriment

Oredola Adeola Nigeria’s former President Muhammadu Buhari was misled by high-ranking individuals to approve a US$10 million partial risk guarantee (PRG) for the Nigerian Bulk Electricity Trading Plc (NBET) to sign transaction documents with Accugas, a natural gas supplier to…

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February 14, 2024FeatureGasNewsOil & GasOpinion-editorialReviewUpstream

Urgent appeal to President Tinubu, Oborevwori: Ubeji community in dire need of relief from devastating gas flaring

Oped by Jerome-Mario Utomi The harrowing reality of Ubeji Community serves as a poignant reminder of the human cost associated with industrial practices such as gas flaring. It is incumbent upon President Tinubu’s government to demonstrate unwavering resolve and genuine…

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February 14, 2024DownstreamGasImpactNewsOil & Gas

Massive fireball engulfs 18 shops in Iju-Ishaga, after gas cylinder explosion

  Oredola Adeola A fire explosion, triggered by a faulty head cap of a Liquified Petroleum Gas (cooking gas) cylinder, engulfed eighteen (18) shops at Agbado Road, Toyin Bus stop, Iju Ishaga, Lagos State, after six numbers of 75-50(kg) gas…

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February 13, 2024EnvironmentGasGreen FinanceHydrogenNewsOil theftRenewablesUpstream

Engr. Komolafe identifies mix of traditional hydrocarbon, hydrogen, others as drivers of sustainable energy future 

  Oredola Adeola   Engr Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, has hinted that the country’s potential in traditional hydrocarbon resources, green and blue hydrogen, solar, wind, biomass, and other renewable energy sources is crucial…

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February 13, 2024DistributionFeatureGenerationNewsPower

Sweltering heat, poor power supply: Calls grow for removal of Adelabu

  Oredola Adeola   Amidst sweltering temperature and irregular power supply, there is a growing public demand in Nigeria for the dismissal of Mr. Adebayo Adelabu, the Minister of Power, as the heat shows no signs of abating predictably until…

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February 13, 2024DistributionNewsPower

Tinubu’s Presidential Metering Initiative considers bulk procurement of smart prepaid meters 

  Oredola Adeola The President Bola Tinubu’s through the Presidential Metering Initiative (PMI) is making move to embark on bulk procurement of smart meters, the development of indigenous Meter Data Management Systems (MDMS), and the reduction of Aggregated Technical and…

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