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
The Nigerian Electricity Regulatory Commission (NERC) has issued a set of guidelines for the 11 electricity distribution companies (DisCos) in response to the recent rise in electricity tariffs for Band A customers. NERC said in an order signed by Abba Terab, DGM (Market Competition & Rate) of the Commission, that the DisCos must provide as […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned Abuja Electricity Distribution Plc (AEDC) with a hefty fine of ₦200 million for failing to adhere to its tariff guidelines, creating a stir among consumers and industry stakeholders alike. The fine comes in the wake of the Supplementary Order to the Multi-Year Tariff Order for 2024, issued […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has approved the increment in the tariff payable by electricity customers to N225/kWh. Musiliu Oseni, the vice chairman of the commission, who brief journalist in Abuja on Wednesday made this known, saying that the increased tariff is expected to take effect immediately. This development follows the recent increase of […]Read More
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