March 2024 – Page 4 – Advisors Reports

March 12, 2024Distribution News Power Sabotage

2 persons sentenced, 8 others arraigned, as EKEDC declares zero-tolerance policy against energy theft

Oredola Adeola With multiple court cases already instituted in 2024, against offenders for willful damage of power distribution infrastructure, Eko Electricity Distribution Company (EKEDC) has intensified legal action against offenders, signaling a zero-tolerance approach towards equipment damage, illegal connections,…

March 11, 2024Distribution Generation News Power Transmission

Surge in vandalism, energy theft: IBEDC records 1,450 cases of illegal connections, meter bypass in 2 months

… calls for a shift in customer perception towards payment, says electricity is not social service Oredola Adeola The Ibadan Electricity Distribution Company (IBEDC) grapples with a surge in vandalism and energy theft, recording over 40 incidents in…

March 11, 2024Concession Impact Local Content Midstream Oil & Gas Service Company Technology

GPPSL CEO identifies Competence, Capacity, Collaboration as key drivers of operational scalability within Nigeria energy sector

… GPPS Limited emerges as Oil Service Company of the Year 2023 at NIES 2024 Oredola Adeola Engr. Obi Uzu, the Managing Director and CEO of Global Process & Pipeline Services Limited (GPPSL), has pinpointed Competence, Capacity, and…

March 11, 2024Distribution

Simultaneous attacks on TCN infrastructure: Dan’agundi substation in flames, as vandals hit Shiroro-Katampe 330kV line

Oredola Adeola Despite significant drop in electricity supply across the country, attackers have simultaneous targeted Nigeria’s power infrastructure, with the Dan’agundi Transmission Station in Kano City being ravaged by flames and the Shiroro-Katampe 330kV transmission line in Abuja sabotaged…

March 9, 2024Distribution Generation News Power Transmission

Abuja power outage: TCN blames low load allocation from GenCos

…disputes Gwagwalada tower vandalism as main cause Oredola Adeola The Transmission Company of Nigeria (TCN) has debunked the notion that the current power challenges in Abuja and environs, stem from the Gwagwalada tower vandalism incident which happened on…

March 9, 2024Downstream Finance Gas Impact Local Content Midstream News Oil & Gas

Ekpo foresees reduction in prices of cooking gas, CNG with disbursement of MDGIF

… seeks stakeholders’ collaboration to unlock potential of Nigeria’s gas sector Oredola Adeola Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), has revealed that the Midstream and Downstream Gas Infrastructure Fund (MDGIF) is more than just a…

March 9, 2024News

Tinubu’s aide confirms petrol subsidy return

…says action is global norm to ease economic burden on citizens Oredola Adeola Mrs. Olu Veŕheijen, Special Adviser to President Bola Tinubu on Energy, has revealed that the Federal Government retains the authority to intervene through subsidy in the…

March 8, 2024Downstream Impact News Oil & Gas Review

“Dollarisation trend by NPA, NIMASA driving up petroleum products prices – MEMAN warns

Oredola Adeola The Major Energy Marketers Association of Nigeria (MEMAN) has warned against the adverse effects of the prevalent “dollarisation” practice in fee collections by government entities, citing concerns over exchange rate volatility leading to soaring petroleum…

March 8, 2024Concession News Power

Tinubu reshuffles NELMCO, confirms Dekalu-Thomas as MD/CEO for 5-year term

.. elevates Power Minister to Board Chairman Oredola Adeola Adebayo Adelabu, Minister of Power, has assumed the Chairmanship of the Board of the Nigeria Electricity Liability Management Company (NELMCO) from the Minister of Finance, while Mrs. Mojoyinoluwa Dekalu-Thomas also been…

March 8, 2024Energy Transition Finance Generation Green Finance News Power Renewables Sabotage

Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors

. appoints a new interim management team, led by Aliyu Oredola Adeola President Bola Tinubu has authorized the indefinite suspension of Ahmed Salihijo, the Managing Director/CEO, and three other key officials at the Rural Electrification Agency (REA) due to…