News – Page 40 – Advisors Reports

November 29, 2024Distribution Generation Impact News Power Transmission

TCN spends N10billion on fixing vandalized transmission infrastructure in six months – Chief Adelabu, Power Minister

“We are implementing ‘super grid’ solutions to end frequent collapse, ensure stability”- Adelabu “Cost-reflective tariffs, market discipline key to power sector reforms… electricity subsidy regime poorly structured” – says Olowoniyi, CTA Oredola Adeola The Transmission Company of Nigeria (TCN) has…

November 28, 2024Distribution Generation News Power Transmission

FG’s electricity subsidy hits ₦2.4 trillion in 2024 despite Band A tariff reform, as NERC blames macroeconomic shocks

Increased remittance of DisCo to TCN, GenCos: Revenue collection soars by 81.8% in one year, hits ₦160bn in July 2024 – Dr. Ali, NERC Commissioner Oredola Adeola The Federal Government’s annual electricity subsidy has risen significantly to ₦2.4 trillion…

November 27, 2024Distribution Documentary Downstream Maritime Midstream News Special Report

MEMAN members source 148 million litres of petrol from Dangote refinery in 10 weeks (Sep.16- Nov. 24)

…suspend importation, shift focus to local PMS supply from Dangote refinery amid competitive market Oredola Adeola Nigeria’s petrol supply chain is shifting as members of the Major Energy Marketers Association of Nigeria (MEMAN) sourced 148,463,142 litres of Premium Motor…

November 26, 2024Downstream News

President Tinubu commends Buhari, Afreximbank, NNPC for Port Harcourt refinery revitalization

… urges NNPC to fast-track reactivation of Port Harcourt, Warri, Kaduna refineries Oredola Adeola President Bola Ahmed Tinubu has lauded former President Muhammadu Buhari for initiating the comprehensive rehabilitation of Nigeria’s four refineries and expressed appreciation to the African…

November 26, 2024Documentary Downstream Midstream News Special Project

UPDATED: NNPC Ltd commissions Port Harcourt refinery, begins product truckout today, November 26, 2024

… begins dispatch of petrol, diesel, kerosene, other petroleum products “About 200 trucks expected to load products daily ” – Sunday Dare, SA, Media and Public Communication to President Tinubu Oredola Adeola The Nigerian National Petroleum Corporation Limited…

November 26, 2024Distribution News Power

IBEDC reports over 8,000 cases of energy theft in 10 months, resulting in financial losses

… partners with SIPETO to ramp up crackdown on offenders Oredola Adeola The Ibadan Electricity Distribution Company (IBEDC) Plc has reported over 8,000 cases of energy theft, including meter bypass and illegal tampering, between January and October 2024, resulting in…

November 26, 2024Documentary Gas Midstream News Special Report

Axxela’s Pioneer GCEO, Bolaji Osunsanya, retires; Board names Ogbemi Ofuya as new GCEO

… Osunsanya to collaborate with Ofuya until December 2024, to finalize Axxela’s ongoing enterprise reorganization Oredola Adeola Bolaji Osunsanya, outgoing Chief Executive Officer of Axxela Limited, has officially retired after over two decades of exemplary leadership, stepping down at 60…

November 25, 2024Midstream News

Full privatization of Port Harcourt, Kaduna, Warri refineries underway – Presidency

Oredola Adeola The Special Adviser on Media and Public Communications to President Bola Tinubu, Sunday Dare, has confirmed the government’s plan to fully privatise Nigeria’s oil refineries. Dare disclosed this information through a post on his official X…

November 25, 2024News Oil Oil & Gas Upstream

NNPC claims 1.8million bpd crude oil figure represents October peak production, not average output

… aligns with NUPRC’s 1.54mbpd average for the period under review “NNPC working closely with relevant stakeholders to boost production to 2mbpd, above by the end of 2024” says Soneye Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC…

November 25, 2024Distribution News Power

KEDCO regrets poor market performance, blames lack of grid supply during September-October 2024 billing cycle

… sees steady improvement in financial, business performance following restoration of power supply to 85% on November 14 …appeals for prompt payment of outstanding bills Oredola Adeola Kano Electricity Distribution Company (KEDCO) has expressed regret over its poorest market performance…