Kaduna Electric has increased tariff for its customers on Band A feeders, raising the rate from N206.80/kwh to N209.5/kwh, effective from July 1, 2024. In an official statement, Kaduna Electric confirmed the tariff adjustment for Band A feeders, updating the cost from N206.80/kwh to N209.5/kwh. The revised tariff rate was disclosed in a notice issued […]Read More
The Transmission Company of Nigeria has suspended the planned power outage on the Osogbo/Akure and Ado-Ekiti 132KV lines. The outage was earlier scheduled for two months according to the BEDC Electricity Plc. The Head, Branding and Corporate Communications, BEDC, Evelyn Gbiwen, stated this in a statement on Tuesday in Benin. Gbiwen said that the suspension […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
China’s state-held oil and gas giant CNOOC said on Thursday that it had launched crude oil production from a new development project in the South China Sea. CNOOC, which specializes in offshore exploration and production in China and abroad, announced the start of the Enping 21-4 Oilfield Development Project in the eastern South China Sea, at an […]Read More
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has rejected the allegations from Dangote Refinery’s management, which claimed that fuel marketers are bringing substandard fuel into Nigeria with the approval of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). DAPPMAN, in a statement released last night, asserted that no member of their […]Read More
Paraphrased Article ExxonMobil, a leading American oil and gas corporation, has affirmed that it will maintain its presence in Nigeria. On Monday, Shane Harris, the managing director and CEO of ExxonMobil, shared this commitment during his visit to Nigeria’s minister of state for petroleum resources, Heineken Lokpobiri. In the meeting, according to a statement by […]Read More
Paraphrased News Article (Active Voice) The World Bank announced its plan to conduct a supervision mission next month to address the underperformance of a $500 million loan aimed at enhancing Nigeria’s electricity distribution sector. According to the latest Implementation Status & Results Report for the project, the mission will occur from July 8 to July […]Read More
The 11 electricity distribution companies (DisCos) in Nigeria generated N291.62 billion in revenue during the first quarter of 2024. This amount represents a slight decline from the N294.95 billion collected in the fourth quarter of 2023. However, comparing year-on-year figures, revenue rose by 17.91 percent from N247.33 billion in the first quarter of 2023, as […]Read More
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced the signing of production sharing contracts (PSC) with multinational energy corporation and the state-owned oil company GEPetrol and Chevron. The new PSCs outline clear development plans for the assets, including provisions on minimum investments, exploration programs, sustainable development and state benefits. The contracts also […]Read More
The management of Dangote Refinery at the weekend has accused International Oil Companies (IOCs) operating in Nigeria of planning to ensure the failure of the $19 billion refining facility. Devakumar Edwin, Vice President, Oil and Gas at Dangote Industries Limited (DIL), said the multinationals were deliberately frustrating the refinery’s efforts to buy local crude by […]Read More
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