Advisors Reports

May 24, 2024Downstream Gas Local Content Power Upstream

NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization

… sets to relaunch Advisory group targeting Nigerians across gas value chain Oredola Adeola The Nigerian Gas Association (NGA) has recognized Mr. Osagie Okunbor, Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC) for his…

May 24, 2024Documentary Downstream Energy Transition Finance Generation Green Finance Impact Midstream News Oil & Gas Power Renewables Upstream

President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares

… APPO, Afrexim Bank technical inspection team validates Nigeria’s readiness to host AEB hqtrs Oredola Adeola President Bola Ahmed Tinubu has approved $100 million investment from four key agencies under the Ministry of Petroleum Resources, surpassing the…

May 24, 2024Distribution News Power

DisCos remit 69.88% of Q4, 2023 invoices to NBET, MO

… Eko DisCo tops payment performance, as Kaduna DisCo lags behind Oredola Adeola In the fourth quarter of 2023 (Q4,23), the eleven (11) electricity Distribution Companies (DisCos) paid N188.70 billion, which is 69.88 percent of the total invoices of…

May 24, 2024Distribution News Power

FG selects Coleman Technical Industries to represent power sector in the National Scheme Council

May 23, 2024Distribution News Power Transmission

2,000 communities in Ondo South connected to national grid, ending 15-year power crisis

…as NDDC inaugurates 132KV transmission line,132KV/33KV substation in Okitipupa … “Okitipupa power project would boost Niger Delta prosperity” – Tinubu … “Ode-Erinje transmission substation will be connected to Omotosho power plant” – Governor Aiyedatiwa Oredola Adeola …

May 22, 2024Distribution News Power

7.3m unmetered electricity consumers out of 13.16m in Q4, 2023 – NERC report reveals

…DisCos metered only 5.8m customers in Q4,23 … Ikeja, Abuja, Eko lead in metering performance with 73%, 61%, 59% respectively Oredola Adeola In the fourth quarter of 2023, the Nigerian Electricity Regulatory Commission (NERC) reported that the…

May 21, 2024Distribution News Power Transmission

TCN to restore power supply in North East by May 27

… optimistic about completing 4 vandalized towers reconstruction despite security challenges Oredola Adeola The Transmission Company of Nigeria (TCN) has assured the North East Governors Forum (NEGF) that power supply will be restored by May 27, 2024,…

May 20, 2024Concession News Oil & Gas Upstream

NUPRC announces deadline for 2024 licensing round registration, pre-qualification

…announces resumption of 2022/2023 mini bid round for pre-qualified applicants Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that the registration and pre-qualification submission process for 2024 licensing round, which commenced on May 13, 2024,…

May 17, 2024Extractive Industry Impact Local Content Mining & Solid Mineral News

Proximity to natural resources drives FG’s decision to establish auto industrial park in Osogbo – NADDC Reveals

Oredola Adeola The National Automotive Design and Development Council (NADDC) has disclosed that the Federal Government’s decision to establish an Auto Industrial Park in Osogbo, Osun State, is driven by the proximity of the state to sources of natural…

May 17, 2024Extractive Industry Mining & Solid Mineral News Upstream

FG asserts control over solid minerals, urges States to seek approval on mining policies

…Alake seeks states involvement in Mineral Resources and Environmental Management Committee Oredola Adeola The Federal Government has cautioned the state governments that solid minerals are under the exclusive legislative list, advising them to obtain approval from the Ministry…