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Residents of Lalupon, environs disrupt IBEDC operations in protest of 10-year power outage
June 24, 2024DistributionNewsPower

Residents of Lalupon, environs disrupt IBEDC operations in protest of 10-year power outage

  … IBEDC says construction of Lalupon injection substation, 33kV Feeder pending due to awaited CBN financial intervention Oredola Adeola   Residents of Lalupon and environs in Oyo State disrupted operations at the Ibadan Electricity Distribution Company’s (IBEDC) office in…

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Dangote refinery accuses NMDPRA of permitting import of ultra-high sulfur Russian diesel
June 24, 2024DownstreamMidstreamNewsOil & GasSabotageUpstream

Dangote refinery accuses NMDPRA of permitting import of ultra-high sulfur Russian diesel

… faults IOCs for inflating local crude prices by $6 above market rates   Oredola Adeola Dangote Oil Refinery and Petrochemicals has raised concerns about its survival, accusing the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of granting licenses…

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FG boosts foreign reserves by $5 m with first gold sale
June 23, 2024Mining & Solid MineralNews

FG boosts foreign reserves by $5 m with first gold sale

Oredola Adeola The Federal Government has executed the first commercial transaction under the National Gold Purchase Program (NGPP), having refined over 70 kilograms of gold bars sourced from local artisanal and small-scale miners to the prestigious London Bullion Market Good…

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11  DisCos receive N21.86bn for metering of unmetered Band A customers
June 23, 2024DistributionNewsPower

11  DisCos receive N21.86bn for metering of unmetered Band A customers

… as NERC allocates N4.36bn to Ikeja Electric, N2.99bn to Abuja DisCo, N2.92bn to EKEDC    Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has approved the use of N21,864,851,725.00 from the Meter Acquisition Fund (MAF) for the eleven electricity…

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After 7 years of delays, FG confirms August 2024 completion date for OB3 gas pipeline
June 23, 2024GasMidstreamNewsOilTechnology

After 7 years of delays, FG confirms August 2024 completion date for OB3 gas pipeline

  … new contractors adopt advanced micro-tunneling technology enabling OB3 pipeline under River Niger   Oredola Adeola After over seven years of attempts to meet the deadline, August 2024 has been set as the new completion date for the 48-inch,…

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All On awards $395,000 grant to Ceesolar Energy Ltd, to provide off-grid power to Bayelsa community
June 21, 2024DistributionImpactNewsPowerRenewables

All On awards $395,000 grant to Ceesolar Energy Ltd, to provide off-grid power to Bayelsa community

Oredola Adeola All On, a Nigerian impact investing company, has awarded a $395,000 grant to Ceesolar Energy Limited to provide off-grid power for 430 connections, benefiting around 2,000 residents of Oweighoroha community in Bayelsa State. The grant was signed and presented…

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Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports
June 21, 2024Energy TransitionExtractive IndustryGasImpactNewsOil & GasSpecial ReportSustainabilityUpstream

Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports

…flared gas in 2023, reaches 148 bcm, highest level since 2019 …  9 bcm increase reverts world to levels last seen in 2019, with 6 years left to zero routine flaring deadline   Oredola Adeola The World Bank has reported…

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PETAN proposes JV with Abia State to operate 158 oil wells
June 21, 2024Local ContentNewsOil & GasUpstream

PETAN proposes JV with Abia State to operate 158 oil wells

… to leverage NUPRC’s marginal field scheme   Oredola Adeola The Petroleum Technology Association of Nigeria (PETAN) has proposed a Joint Venture (JV) model with the Abia State Government to own and operate 53 existing wells and 105 capped wellheads…

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Sanwo-Olu visits Paris’ Rungis Market, seeks collaboration for Lagos Food and Logistics Hub project
June 21, 2024DocumentaryNewsSustainability

Sanwo-Olu visits Paris’ Rungis Market, seeks collaboration for Lagos Food and Logistics Hub project

Oredola Adeola   As part of efforts put in place to advance the construction of sub-Saharan Africa’s largest Food Security Systems and Central Logistics Park on a 1.2 million square metre site in Ketu-Ereyun, Epe, Governor Babajide Sanwoolu visited the…

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SEforALL Board reappoints Damilola Ogunbiyi for a second 5-year term as CEO
June 20, 2024Energy TransitionGreen FinanceImpactNewsPowerRenewablesSustainability

SEforALL Board reappoints Damilola Ogunbiyi for a second 5-year term as CEO

Oredola Adeola The Sustainable Energy for All (SEforALL) Governance Board approved the reappointment of Ms. Damilola Ogunbiyi to a second five-year term as Chief Executive Officer. Sherry Kennedy, SEforALL, Director of Communications, made this known in a statement obtained by Advisors Reports…

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