The national electricity grid suffered its sixth grid collapse in 2024, around 2:00 am on Monday, with generation dropping to zero from 2,583.77MW and later partially recovering to 64.7MW around 3 am, followed by a steady recovery that has led to a load allocation of 880MW to Discos as of 11:58 am on the same […]Read More
Ikeja Electricity Distribution Company has announced an addition of 34 new Band A feeders to its network with a view to increasing power supply to customers. This development took place after a monitoring and evaluation of power supply capacity by the Nigerian Electricity Regulatory Commission (NERC). The Disco, in an X (formerly Twitter) post said: […]Read More
As part of their attempts to end oil theft, the Nigerian military has reported that they have recovered around 700,000 liters of stolen crude oil after a week-long operation in the Niger Delta region. Leading defense spokesman Major-General Edward Buba revealed this information in an Abuja statement on Saturday. Security forces in the Niger Delta […]Read More
NIPCO Gas announced that the price of Compressed Natural Gas (CNG) is now N200 per standard cubic meter (scm). According to the company, this move aims to provide clean and affordable energy to more people. In addition, the company unveiled that it has completed four CNG stations as an alternative to Premium Motor Spirit (PMS) […]Read More
The United States has increased its production of oil and gas dramatically during the past two years, even as it has increased its capacity for renewable energy. Energy shortages and threats to numerous countries’ energy security occurred worldwide when Russia invaded Ukraine and sanctions were imposed on Russian energy. Because of this, a large number […]Read More
Aliko Dangote, Chairman of Dangote Group, yesterday, said yesterday that his refinery selling diesel at discounted prices would provide relief to Nigeria’s inflation woes. He disclosed while paying an Eid-el-Fitr homage to President Bola Ahmed Tinubu at his Lagos home. While speaking with newsmen, he said that the naira exchange rate has improved in recent […]Read More
By Babatunde Osadare, Energy Analyst Recent developments in the Nigerian Electricity Supply Industry have sparked intense debate about the appropriate electricity pricing. Recall that pricing is a key element as we accelerate towards universal access that is affordable, reliable, and modern by 2030. Debate background The cost of electricity in Nigeria, compared to average global […]Read More
In adherence to the directive issued by the Nigerian Electricity Regulatory Commission (NERC) to all 11 electricity distribution companies across Nigeria, the Benin Electricity Distribution Company (BEDC) has made public a comprehensive list of Band A feeders within its franchise states. The unveiling of this list occurred via a post on DisCo’s official X platform […]Read More
Geregu Power, Nigeria’s first publicly listed power business, has reported N50.4 billion in revenue for the first quarter of 2024. This is over 3.5 times the N14.2 billion revenue reported during the same period last year. The company followed up on its performance with even greater bottom-line profitability growth. Its pre-tax earnings for the time […]Read More
In a new revelation by the Petroleum Technology Association of Nigeria, the country’s economy suffers a staggering $15 billion loss annually, equivalent to the national budget, due to a daily shortfall of 500,000 barrels of crude oil production. Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN), revealed the startling during a recent […]Read More
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