Oredola Adeola The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its support behind the Nigerian Electricity Regulatory Commission (NERC) for imposing a N10.5 billion fine on eleven Electricity Distribution Companies (DisCos) for failing to comply with…
Oredola Adeola The Electricity Act (Amendment), 2024, mandating 5 percent of the actual annual operating expenditures of electricity generation companies (GENCOs) from the preceding year be allocated for the development of their respective host communities, was signed into law…
Oredola Adeola The Natasha Akpoti-Uduaghan-led Senate Committee on Local Content is set to summon international oil companies and relevant government agencies to ensure they contribute significantly to the Nigerian economy beyond crude oil extraction and sales. She…
Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has placed a heavy sanction on all eleven electricity Distribution Companies (DisCos) with a total fine of N10.5 billion for failing to comply with the monthly capping of estimated bills, to…
Oredola Adeola The Nigerian government has taken a strategic step to address a critical gas supply shortage threatening the operation of electricity generation companies (GenCos) with the proposal before the National Assembly to settle domestic gas to power thermal…
Oredola Adeola The Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) has agreed to partner with the Nigeria Extractive Industries Transparency Initiative (NEITI) to leverage the findings and recommendations contained in its oil & gas and extractive…
Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd.) has agreed to the Federal Government’s directive for the Central Bank of Nigeria (CBN) to oversee the management of oil sales revenue, including the domiciliation of a significant…
Oredola Adeola The Federal High Court in Lagos has issued a directive to the administration of President Bola Tinubu to regulate the prices of Premium Motor Spirit (petrol), Diesel, Kerosene, and Liquified Petroleum Gas (cooking gas), along with other…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) TotalEnergies and partners have commenced crude oil production from the Akpo West Field, adding about 14,000 barrels per day of condensate to Nigeria’s oil production, with an expected production of about 4…
Oredola Adeola The world’s first climate-focused guarantee company, the Green Guarantee Company (GGC), has been launched by the Nigeria Sovereign Investment Authority (NSIA) alongside the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) through its MOBILIST Global programme,…
