March 7, 2024DistributionEnergy TransitionFinanceGenerationNewsPower

“License revocation not your duty – seek advice first!”- electricity experts caution Power Minister

 Oredola Adeola    Electricity industry advisors and customer advocacy groups have reminded Chief Adebayo Adelabu, Power Minister that revoking the license of electricity distribution company (DisCo) is not within his jurisdiction. They have therefore charged the Minister to seek proper…

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March 6, 2024DistributionNewsPowerTransmission

 Adelabu, Minister of Power, threatens DisCos with license revocation for power distribution failures

Oredola Adeola   Adebayo Adelabu, the Minister of Power, has issued a stern warning to distribution companies (DisCos) failing to effectively distribute power supplied by Transmission Company of Nigeria (TCN), vowing decisive action by revoking licenses and other severe consequences…

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March 6, 2024DistributionImpactNewsTechnology

Mainstream Energy Solutions, NEDC, graduate 50 technicians to boost YEDC service delivery

  Oredola Adeola Mainstream Energy Solutions Limited, in collaboration with the Northeast Development Commission (NEDC), has wrapped up a rigorous Technical Development Programme, empowering 50 individuals as proficient linesmen/technicians via its renowned Mainstream Academy. These adept professionals have been mobilized…

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March 5, 2024DocumentaryFeatureImpactNewsOilOil & GasOpinion-editorial

How stalled negotiations can keep Equatorial Guinea from being a Gas Mega hub

by NJ Ayuk, Executive Chairman, African Energy Chamber    Will Equatorial Guinea fulfill its promise as a gas “mega hub,” or will stalled negotiations turn what should be a national economic boon into a missed opportunity? The answer depends largely…

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March 5, 2024DistributionImpactPower

FCCPC vows 24/7 vigilance for consumer rights, urges swift action from DisCos

  Oredola Adeola The Federal Competition and Consumer Protection Commission (FCCPC) has reaffirmed its commitment to maintaining a 24/7 presence to ensure that electricity distribution companies (DisCos) adhere to the right standards and has urged them to create a swift…

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March 5, 2024ConcessionGenerationNewsPower

Transcorp Power Plc makes NGX debut with 7.5bn shares listed at N240 per share, valuation surges to N1.98 trn

  Oredola Adeola Transcorp Power Plc has made its debut on the Nigerian Exchange (NGX) through a listing of 7.5 billion ordinary shares of 50 kobo each at N240 per share by introduction, which saw 40 million shares worth N10.56…

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March 4, 2024DocumentarySpecial Project

The economy of corruption in Nigeria: Institutional weakness, lack of political will, development outcomes

By Afeez Olawoyin ABSTRACT This article gives an overview of Nigeria’s recent experience with corruption in the context of economic development. It also discusses the possible causes and effects of corruption, which are seen to be rooted in socio-cultural practices…

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March 1, 2024FinanceGasNewsOil & GasOil theftSabotageSecurityUpstream

NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) has recommended increased cooperation among independent producers to tackle security, financial, technological, and other hurdles impeding the optimal growth of divested assets in the country’s oil and gas…

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March 1, 2024DistributionImpactNewsPowerTransmission

President Tinubu reconstitutes FGN Power Company Ltd mgt team, reappoints Anuwe, Prof. Lawal

  Oredola Adeola President Bola Tinubu has initiated the restructuring of key members to the management team of the FGN Power Company Limited, with the reinstatement of Kenny Osebi Anuwe as the Chief Executive Officer and Prof Mamman Lawal as…

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March 1, 2024DownstreamFinanceOil & GasSabotage

FG pays about N1trn monthly petrol subsidy, Pinnacle Oil MD reveals, challenges NNPCL to open up

  Oredola Adeola Robert Dickerman, the Managing Director/Chief Executive Officer of Pinnacle Oil and Gas Ltd, has revealed that Nigeria is currently paying a staggering N1 trillion monthly as a subsidy on Premium Motor Spirit (petrol), which he claimed is…

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