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Senegal Set to Commit $2.7bn to Green Energy if Ruling Party Wins Elections

Senegal Set to Commit $2.7bn to Green Energy if Ruling

November 12, 2024

Senegal is on the verge of committing $2.7 billion to its international programme aimed at reducing emissions and cutting reliance on fossil fuels, contingent on the ruling party’s success in this weekend’s parliamentary elections. “If Prime Minister Sonko’s party wins a majority, an announcement could come quickly after the election,” said Remy Rioux, CEO of […]Read More

Adelabu Orders Swift Action On Incessant Grid Collapse Report

Adelabu Orders Swift Action On Incessant Grid Collapse Report

November 7, 2024

Adebayo Adelabu, the Minister for Power, has ordered the Transition Company of Nigeria (TCN) and all other relevant agencies of the ministry to begin the immediate implementation of the recommendations of the inter-agency committee, set up to address the incessant grid collapses in the power sector. The Minister’s matching order came as the TCN reported […]Read More

FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid Transition from Obsolete Meters

FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid

November 6, 2024

Mr. Tunji Bello, Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has underscored the responsibility of Nigeria’s Electricity Distribution Companies (DisCos) to prioritise consumer rights in the ongoing efforts to upgrade Nigeria’s electricity metering system. Speaking at an emergency stakeholders’ meeting in Abuja on Tuesday, Mr. Bello emphasized the need for […]Read More

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct Dealings

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct

October 31, 2024

The Dangote Petroleum Refinery has clarified that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products. In a statement issued by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, the refinery stated that discussions with IPMAN are still ongoing. “It is […]Read More

Jos Disco Restores Power to Four Northern States After 10-Day Blackout

Jos Disco Restores Power to Four Northern States After 10-Day

October 31, 2024

Power has been restored to four states served by the Jos Electricity Distribution Company – Plateau, Bauchi, Gombe, and Benue – ending a 10-day blackout. Electricity returned at 7:20 p.m. on Wednesday, sparking celebrations in affected communities. In Jos, the capital of Plateau State, residents took to the streets in relief and joy after days […]Read More

Adelabu Attributes Northern Power Outages to Sabotage, Promises Restoration in Three Days

Adelabu Attributes Northern Power Outages to Sabotage, Promises Restoration in

October 30, 2024

Nigeria’s Power Minister, Adebayo Adelabu, has disclosed that the severe power outages across northern states are due to attacks and threats from bandits and terrorists targeting the ministry’s infrastructure, causing widespread disruption to the electricity supply. The Minister clarified that these outages were not due to a grid collapse but resulted from external disturbances. On […]Read More

IPMAN Claims Inability to Load Petrol from Dangote Refinery Despite ₦40bn Payment to NNPC

IPMAN Claims Inability to Load Petrol from Dangote Refinery Despite

October 30, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members are unable to load petrol from the Dangote Refinery in Lagos, despite having paid ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL). IPMAN President Abubakar Garima made this statement during an appearance on Channels Television’s Sunrise Daily programme on Wednesday. […]Read More

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery Holds 500m Litres

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery

October 29, 2024

Aliko Dangote, president of Dangote Group, announced on Tuesday that his refinery can meet Nigeria’s demand for petrol, noting that about 500 million litres are currently available but not being collected by fuel marketers. Speaking with State House journalists after a meeting with President Bola Tinubu and the Implementation Committee on the Sale of Crude […]Read More

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to Boost Local Refining

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to

October 29, 2024

The Federal Government has appointed the African Export-Import Bank (Afreximbank) to act as a financial intermediary for the recent naira-based policy for crude and refined petroleum sales introduced by President Bola Tinubu. Finance Minister and Economy Coordinator Wale Edun shared this development with reporters following a meeting with President Tinubu. Edun explained that Afreximbank, represented […]Read More

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper Supply

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper

October 28, 2024

The Ghanaian government is considering importing fuel from Nigeria’s newly launched Dangote Refinery in a bid to secure a more affordable fuel supply for its domestic market. Addressing the OTL Africa Downstream Oil Conference in Lagos, Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, emphasised the potential influence the refinery’s output could have on Ghana’s […]Read More

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