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    FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!
    April 25, 2024ConcessionExtractive IndustryMiningNewsUpstream

    FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

      …Alake defends action, says “notices were issued to 963 mining licensees, 39 regularized their status”   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant mining licenses, consisting of 528 Exploration Licenses (ELs), 20 Mining…

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    Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act
    April 24, 2024DistributionGenerationNewsPowerTransmission

    Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act

    …  Benin DisCo ordered to establish subsidiary for in-state electricity distribution in Ondo State   Oredola Adeola After eight months of engagement the Nigerian Electricity Regulatory Commission( NERC) has transferred power for the take over of regulatory oversight of the…

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    President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members
    April 24, 2024Extractive IndustryImpactLocal ContentNewsOil & Gas

    President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members

      …confirms Dr. Orji’s 5-year single-term tenure, ending in February 2025   Oredola Adeola President Bola Tinubu has approved the reconstitution of a 15-man National Stakeholders’ Working Group (NSWG) for the Nigeria Extractive Industries Transparency Initiative (NEITI) with Sen. George…

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    Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote
    April 23, 2024ConcessionDocumentaryLocal ContentNews

    Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote

    … says “I stand by my words” …urges media to visit partners facilities, conducts independent validations of NCDMB projects executed by Wabote   Temitayo Ayoola   Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) has reaffirmed claims that…

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    Dangote refinery slashes Diesel, Aviation fuel ex-depot prices to ₦940, ₦980 per litre
    April 23, 2024DownstreamLocal ContentMidstreamOil & Gas

    Dangote refinery slashes Diesel, Aviation fuel ex-depot prices to ₦940, ₦980 per litre

    … enters partnership with MRS Oil&Gas to sell Diesel at ₦1,050/l, Aviation Fuel at ₦980/l to customers   Oredola Adeola   Dangote Petroleum Refinery has reduced the price of diesel per litre for the third time in less than three weeks,…

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    EKEDC wins Energy Times’ Disco of the Year 2023
    April 23, 2024DistributionImpactNewsPower

    EKEDC wins Energy Times’ Disco of the Year 2023

      Temitayo Ayoola   Eko Electricity Distribution Company (EKEDC) has been crowned the Distribution Company (Disco) of the year 2023, after outperforming its peers in several key performance indicators set by the Nigerian Electricity Regulatory Commission (NERC).   Babatunde Lasaki,…

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    Axxela announces Final Investment Decision (FID) to develop 50 MMSCF/D gas processing plant
    April 23, 2024GasLocal ContentMidstreamNewsOil & GasUpstream

    Axxela announces Final Investment Decision (FID) to develop 50 MMSCF/D gas processing plant

    …  first phase (12 MMSCF/D modular plant) with interconnection pipeline network of about 4km …  to commence operations by the end of 2024 …targets abundant CNG for vehicles, decentralized power solutions   Oredola Adeola   Axxela Limited has announced that…

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    Ekiti State Govt takes over electricity market oversight from NERC
    April 23, 2024ConcessionDistributionEnergy TransitionImpactNewsPower

    Ekiti State Govt takes over electricity market oversight from NERC

    … NERC orders Benin DisCo, Ibadan DisCo to establish subsidiaries for in-state electricity distribution in Ekiti State   Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has handed over the regulatory oversight of the electricity market in Ekiti State from…

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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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    NERC activates Electricity Act, transfers regulatory oversight of electricity market in Enugu State to EERC
    April 22, 2024News

    NERC activates Electricity Act, transfers regulatory oversight of electricity market in Enugu State to EERC

      …sets deadline for completion of market oversight transfer in Enugu State by October 22, 2024     Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Enugu state to Enugu…

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