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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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    FG confirms transfer of $1.3 billion Zungeru hydroelectric power plant to Penstock Ltd
    February 21, 2024FeatureGenerationGreen FinanceHydroplantPower

    FG confirms transfer of $1.3 billion Zungeru hydroelectric power plant to Penstock Ltd

    Oredola Adeola The Nigerian Government has confirmed that the transfer of ownership of the Zungeru Hydroelectric Power Plant to Penstock Limited took place on January 23, 2024, following the settlement of the project’s commencement fee on January 5, 2024. Stanley…

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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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    WIEN honours Aradel Holdings PLC MD/CEO with gender advocate of the year award
    February 19, 2024DocumentaryNewsOil & GasPowerRenewables

    WIEN honours Aradel Holdings PLC MD/CEO with gender advocate of the year award

      Oredola Adeola   The Women In Energy Network (WIEN) has recognized Gbite Falade, the Managing Director/Chief Executive Officer of Aradel Holdings PLC, with the WIEN Gender Advocate of the Year award. Eyono Fatayi-Williams, President of WIEN, and her team,…

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     GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 
    February 17, 2024DistributionFinanceGenerationImpactNewsPower

     GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 

      Oredola Adeola Adebayo Adelabu, Minister of Power has revealed that power generation companies (GenCos) are losing almost half of their supplied electricity due to theft, inefficiencies in billing and collection processes, resulting in a staggering NGN1.6 trillion shortfall in…

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    How customers on estimated billing can claim overbilled energy refunds
    February 17, 2024DistributionImpactNewsPowerReview

    How customers on estimated billing can claim overbilled energy refunds

        Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has provided a portal to empower customers who were overbilled by eleven (11) electricity distribution companies (DisCos) between January and September 2023, to ascertain their energy refund balance.   This…

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    NUPRC not leaving Abuja as erroneously speculated
    February 16, 2024Oil & GasOpinion-editorialUpstream

    NUPRC not leaving Abuja as erroneously speculated

      By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flow stations, crude oil export terminals, and all pipelines carrying crude oil, and…

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