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NGA unveils strategic initiatives for 2024, focuses on gas industry advocacy, growth 
February 27, 2024FinanceGasImpactLocal ContentNewsOilOil & GasUpstream

NGA unveils strategic initiatives for 2024, focuses on gas industry advocacy, growth 

… introduces new membership framework, NGA student chapter   Oredola Adeola   The Nigerian Gas Association (NGA) has set ambitious goals for 2024, focusing on enhancing advocacy for the implementation of the Nigeria’s Decade of Gas initiative, addressing gas industry…

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Oando leads Nigeria energy transition charge at NIES 2024
February 27, 2024FinanceGreen FinanceHydrogenNewsRenewablesSolar

Oando leads Nigeria energy transition charge at NIES 2024

  Oredola Adeola   Oando PLC, Nigeria’s premier energy solutions provider, has announced the plan to showcase investments in renewables and sustainable energy sources, as one of the companies leading the charge at the 7th Nigeria International Energy Summit (NIES),…

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Nigeria considers review of NIMASA Act, seeks to repeal antique fisheries law imposing N500 fines on unlicensed craft owners
February 26, 2024EnvironmentImpactLocal ContentMaritimeNewsSabotage

Nigeria considers review of NIMASA Act, seeks to repeal antique fisheries law imposing N500 fines on unlicensed craft owners

  Oredola Adeola The Nigerian Government is gearing up to overhaul its antiquated Fisheries Act of 1967, which currently enforces penalties as low as a fine of N500 or six months in prison for unlicensed craft owners. In an unprecedented…

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EKEDC battles transformer sabotage with over 100 units stolen
February 23, 2024DistributionImpactNewsPower

EKEDC battles transformer sabotage with over 100 units stolen

  Oredola Adeola   The Eko Electricity Distribution Company (EKEDC) has revealed that over one hundred transformers have fallen victim to acts of sabotage and theft, stating that each damaged unit costs approximately one million Nigerian Naira with even higher…

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Electricity subsidy extension: Consumers advocacy leaders blast Senate
February 22, 2024DistributionGasGenerationNewsPower

Electricity subsidy extension: Consumers advocacy leaders blast Senate

… Adegbemle says “electricity is now considered a commodity, not public utility” Oredola Adeola Electricity rights advocates and energy experts have criticized the Nigerian Senate for proposing to extend electricity subsidies in the face of national challenges, they therefore cautioned…

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Nigerian judges embark on comprehensive power industry training
February 21, 2024DistributionFinanceGenerationNewsPowerTransmission

Nigerian judges embark on comprehensive power industry training

  Oredola Adeola Nigerian judges have taken a proactive step towards enhancing legal competence within the judicial system by embarking on a comprehensive training program organized by the Nigerian Electricity Regulatory Commission (NERC), aimed at equipping judges and other participants…

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Tinubu agrees to settle N342m Presidential villa outstanding electricity debt
February 21, 2024DistributionFinanceNewsPower

Tinubu agrees to settle N342m Presidential villa outstanding electricity debt

  Oredola Adeola The Presidency has stepped up to the plate, promising to settle the Presidential Villa’s outstanding electricity bill with Abuja Electricity Distribution Company (AEDC), which was initially disputed by the DisCo at N923 million, and now confirmed to…

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Tanker drivers strike: MEMAN takes action, assures fair transportation rates for smooth petroleum products supply 
February 20, 2024DownstreamNewsOil & Gas

Tanker drivers strike: MEMAN takes action, assures fair transportation rates for smooth petroleum products supply 

  Oredola Adeola   Amidst potential fuel crisis due to ongoing tanker drivers’ strike, the Major Oil Marketers Association of Nigeria (MEMAN) has stepped in, assuring that individual marketers and their respective transporters  are negotiating a solution that will keep…

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Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill
February 19, 2024DistributionFinanceNewsPower

Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill

  Oredola Adeola   The Abuja Electricity Distribution PLC (AEDC) has issued a 10-days ultimatum to 85 Government Ministries, Departments and Agencies (MDAs) including the Ministry of Power, DSS, Presidential Villa, the Chief of Defence Staff-Barracks and Military formations, among…

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National grid plunges to 0MW for third time in 2024
February 19, 2024DistributionNewsPowerTransmission

National grid plunges to 0MW for third time in 2024

Oredola Adeola   The Nigerian power grid experienced a staggering collapse, leaving electricity distribution companies (DisCos) with a shocking 0 Megawatts (MW) between 3:00 am and 7:00 am on Monday, February 19, 2024, before it later changed 3,072MW around 7:10am…

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