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Vandalism of transmission towers surge, as TCN records 6 incidents in 5 months
April 23, 2024DistributionImpactNewsPowerSabotageTransmission

Vandalism of transmission towers surge, as TCN records 6 incidents in 5 months

  … vandals strike four towers along Jos-Gombe 330kV transmission line on Monday   …. third time’s the charm: Gombe’s connecting transmission line hit again   Oredola Adeola Nigeria has recorded a surge in incidents of vandalism of transmission lines,…

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FG bans illegal mining activities at OAU following student concerns – final investigation expected in 48hr
April 17, 2024Mining & Solid MineralNewsSabotageSecurity

FG bans illegal mining activities at OAU following student concerns – final investigation expected in 48hr

  ….OAU applies for license to conduct legal exploration activities, research on  quality of mineral resources   Oredola Adeola   Following the concerns raised by management and students of Obafemi Awolowo University, Ile Ife, Osun State regarding ongoing mining activities…

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 IBEDC records 1,459 energy theft cases between Jan, Feb 2024, enlists FG task force for swift justice
March 26, 2024DistributionImpactNewsPowerSabotageSecurity

 IBEDC records 1,459 energy theft cases between Jan, Feb 2024, enlists FG task force for swift justice

Oredola Adeola   The Ibadan Electricity Distribution Company (IBEDC) Plc, has recorded over 1,459 cases of energy theft between January and February 2024, including various offenses such as meter bypass and illegal meter tampering, prompting a collaboration with Federal Government…

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Kyari urges EFCC to focus on crude oil theft, denies corruption allegations against NNPCL
March 12, 2024DownstreamImpactMidstreamNewsOil & GasOil theftSabotageSecurityUpstream

Kyari urges EFCC to focus on crude oil theft, denies corruption allegations against NNPCL

…says many issues of corruption reported to public were either not true or recycled … NNPCL cracks down on 6,409 illegal refineries, disconnects 4,846 pipes in Niger Delta Oredola Adeola   Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum…

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2 persons sentenced, 8 others arraigned, as EKEDC declares zero-tolerance policy against energy theft
March 12, 2024DistributionNewsPowerSabotage

2 persons sentenced, 8 others arraigned, as EKEDC declares zero-tolerance policy against energy theft

Oredola Adeola   With multiple court cases already instituted in 2024, against offenders for willful damage of power distribution infrastructure, Eko Electricity Distribution Company (EKEDC) has intensified legal action against offenders, signaling a zero-tolerance approach towards equipment damage, illegal connections,…

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Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  
March 8, 2024Energy TransitionFinanceGenerationGreen FinanceNewsPowerRenewablesSabotage

Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  

. appoints a new interim management team, led by Aliyu    Oredola Adeola President Bola Tinubu has authorized the indefinite suspension of Ahmed Salihijo, the Managing Director/CEO, and three other key officials at the Rural Electrification Agency (REA) due to…

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NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 
March 1, 2024FinanceGasNewsOil & GasOil theftSabotageSecurityUpstream

NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) has recommended increased cooperation among independent producers to tackle security, financial, technological, and other hurdles impeding the optimal growth of divested assets in the country’s oil and gas…

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FG pays about N1trn monthly petrol subsidy, Pinnacle Oil MD reveals, challenges NNPCL to open up
March 1, 2024DownstreamFinanceOil & GasSabotage

FG pays about N1trn monthly petrol subsidy, Pinnacle Oil MD reveals, challenges NNPCL to open up

  Oredola Adeola Robert Dickerman, the Managing Director/Chief Executive Officer of Pinnacle Oil and Gas Ltd, has revealed that Nigeria is currently paying a staggering N1 trillion monthly as a subsidy on Premium Motor Spirit (petrol), which he claimed is…

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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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Uncertainty, multiple taxation hinder energy security, threaten Nigeria’s prosperity- NNPC GCEO warns
February 21, 2024FinanceGasImpactOil & GasOil theftSabotageSecurityUpstream

Uncertainty, multiple taxation hinder energy security, threaten Nigeria’s prosperity- NNPC GCEO warns

Oredola Adeola Mele Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd), has identified lack of investment in the energy sector due to uncertainty in the business environment and multiple taxation as impediments to…

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