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  • Dangote refinery raises petrol gantry price to N799, as MRS retail pump price increases to N839 per litre
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  • Jake Riley, NCDMB empower 250 youths in Lagos with skills, starter packs across seven vocational sectors
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PETAN deploys ‘Quality Seal’ to differentiate genuine service providers from ‘Portfolio-Carrying Companies’
July 3, 2024Local ContentNewsSabotageService CompanyTechnologyUpstream

PETAN deploys ‘Quality Seal’ to differentiate genuine service providers from ‘Portfolio-Carrying Companies’

… supports NCDMB, NUPRC to weed out ‘Middlemen Business’ in Nigeria’s oil, gas sector   Oredola Adeola The Petroleum Technology Association of Nigeria (PETAN) is collaborating with the Nigerian Content Development and Management Board (NCDMB) and the Nigerian Upstream Petroleum…

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Ikeja Electric to suspend 2-yr-old Bilateral Power Agreement with Magodo GRA Phase 2 from July 15, 2024
July 2, 2024News

Ikeja Electric to suspend 2-yr-old Bilateral Power Agreement with Magodo GRA Phase 2 from July 15, 2024

“Magodo GRA Phase 2 residents have been enjoying N72.40/kWh electricity tariff rates” -Source Oredola Adeola The Ikeja Electric (IE) has notified the Magodo Resident Association (Magodo GRA Phase 2) of its intention to suspend the existing Bilateral Power Purchase Agreement…

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NCDMB implements Tinubu’s directive: Unveils 5 measures for content compliance in oil,gas Industry
July 2, 2024News

NCDMB implements Tinubu’s directive: Unveils 5 measures for content compliance in oil,gas Industry

… to weed out oil and gas service companies lacking capacity “Entities acting solely as intermediaries, with no demonstrable capacity to execute project, shall not be approved”-Engr Ogbe Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has announced…

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Unmetered electricity customers in Nigeria rise to 7,191,474 (54.61%) in May 2024 
July 2, 2024DistributionNewsPower

Unmetered electricity customers in Nigeria rise to 7,191,474 (54.61%) in May 2024 

Metering performance: Ikeja Electric leads with 76.25%, trailed by Abuja DisCo at 70.02%, Eko DisCo at 56.76% … Yola recorded the lowest with 15.64% metering rate   Oredola Adeola Out of 13,168,677 total registered electricity customers in Nigeria as of…

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Egbin Power launches Innovation centre in Ikorodu to equip future leaders, ignite creativity
July 2, 2024DocumentaryGenerationImpactNewsPower

Egbin Power launches Innovation centre in Ikorodu to equip future leaders, ignite creativity

  Oredola Adeola Egbin Power, Nigeria’s premier power generation company, has inaugurated the ‘Bright Gyimah Centre for Innovation’ in Ikorodu, Lagos State, to provide students with the entrepreneurial, practical, and creative skills essential for success in today’s educational environment. Felix…

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West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024
July 1, 2024MaritimeMidstreamNews

West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024

… sets to empower Nigerian importers to use any ECOWAS port with tariffs credited to Nigeria … policy aligns with NIMASA’s plans to localize bunkering services   Oredola Adeola The Directors General of Customs from Nigeria, Ghana, Benin, Côte d’Ivoire, and…

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NNPC foundation pre-qualifies 2,659 NYSC members for business pitching exercise
June 29, 2024ImpactNews

NNPC foundation pre-qualifies 2,659 NYSC members for business pitching exercise

… offers 50% reduction in registration fees for corps members’ businesses with CAC   Oredola Adeola The NNPC Foundation has pre-qualified 2,659 National Youth Service Corps (NYSC) members across Nigeria for the final phase of its Business Pitching Exercise and…

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Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy
June 29, 2024Energy TransitionGenerationGreen FinanceImpactNewsPowerRenewables

Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy

  Oredola Adeola Egbin Power Plc, the largest power generating station in Nigeria, has restated its commitment to treating the environment with the utmost care, with a comprehensive approach to sustainability and carbon emissions reduction, ensuring that all activities within…

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NERC recommends integrating renewable energy into national grid to lower electricity tariffs
June 28, 2024DistributionEnergy TransitionNewsPowerRenewablesSolarSustainability

NERC recommends integrating renewable energy into national grid to lower electricity tariffs

Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has recommended the integration of cheaper renewable energy sources into the national grid to diffuse the total energy production cost, consequently leading to a drop in electricity tariff.   Dafe Akpeneye,…

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Experts warn FG against encouraging anti-competitive practices in oil, gas sector
June 28, 2024DownstreamMidstreamNewsOil & GasReviewSabotageUpstream

Experts warn FG against encouraging anti-competitive practices in oil, gas sector

… recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery “Dangote refinery too big to fail… If it fails, Nigeria is bound to bear the consequences in long run” Professor Iledare “Corruption permeates government institutions, Dangote must…

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