• October 22, 2024
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Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

October 22, 2024

Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More

Dangote Refinery Challenges Import Licenses Issued to NNPC, Matrix, A. A. Rano, Other Companies

Dangote Refinery Challenges Import Licenses Issued to NNPC, Matrix, A.

October 21, 2024

Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, seeking to invalidate import licenses granted to the Nigeria National Petroleum Company (NNPC) Limited, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies.  The refinery argued that these licenses, which allow the importation of refined […]Read More

Nigeria Approves Seplat’s $1.28bn Purchase of ExxonMobil’s Onshore Assets

Nigeria Approves Seplat’s $1.28bn Purchase of ExxonMobil’s Onshore Assets

October 21, 2024

The Federal Government has given the green light to Seplat Energy’s purchase of Exxon Mobil Corp’s onshore assets, more than two years after the $1.28 billion deal was first agreed, according to the head of the country’s upstream regulatory body on Monday. The deal, initially announced in February 2022, had been under regulatory review, awaiting […]Read More

Shelf Drilling Secures $234 Million in Contracts for Nigerian Offshore Operations

Shelf Drilling Secures $234 Million in Contracts for Nigerian Offshore

October 21, 2024

Shelf Drilling, an Oslo-listed drilling contractor, has secured contracts worth around $234 million for two jack-up rigs set to operate off the coast of Nigeria. The Dubai-based company confirmed a three-year contract for its rig, the Shelf Drilling Achiever, with operations expected to begin in October 2024. The contract also includes an option to extend […]Read More

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean Energy Solutions

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean

October 21, 2024

Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More

Afenifere Urges NNPC to Address Soaring Energy Costs, Revive Refineries

Afenifere Urges NNPC to Address Soaring Energy Costs, Revive Refineries

October 20, 2024

The pan-Yoruba socio-political group, Afenifere, expressed concern on Saturday about the rising cost of energy, stating that it negatively affects not only the economy but also health and security. Afenifere’s comments follow the sharp increase in petrol prices, with a litre now costing between N1,000 and N1,400, while the price of cooking gas has risen […]Read More

Egbin Power Calls for Partnership to Boost Nigeria’s Energy Sector

Egbin Power Calls for Partnership to Boost Nigeria’s Energy Sector

October 20, 2024

Egbin Power, Nigeria’s largest power generation company, has highlighted the need for stronger collaboration among stakeholders in the energy sector to drive the country’s socio-economic growth. Speaking at the 2024 Nigeria Energy Conference in Lagos, Egbin Power’s CEO, Mokhtar Bounour, stressed the importance of unity in the sector during a panel session themed “Gas to […]Read More

Nigeria Faces Third National Grid Collapse in One Week, Widespread Blackouts Persist

Nigeria Faces Third National Grid Collapse in One Week, Widespread

October 19, 2024

Nigerians have again been plunged into darkness after the national power grid collapsed for the third time in a week. The constant power outages have only deepened frustrations across the country, affecting businesses, homes, and essential services that rely on a stable electricity supply. The latest grid failure occurred early Saturday morning, leaving many states […]Read More

Eko DisCo Launches All-In-One Vending Platform to Improve Customer Service

Eko DisCo Launches All-In-One Vending Platform to Improve Customer Service

October 18, 2024

Eko Electricity Distribution Company (EKEDC) is preparing to enhance its operations by introducing the All-In-One (AIO) Vending Platform, designed to boost customer service and simplify the process of purchasing electricity tokens. The upgrade will commence today, October 18, 2024, and is expected to be completed by 6 am on Monday, October 21, 2024. According to […]Read More

CNG Explosion in Benin City Injures Several, Sparks Safety Concerns

CNG Explosion in Benin City Injures Several, Sparks Safety Concerns

October 18, 2024

A compressed natural gas (CNG) tank explosion at a NIPCO station in Aduwawa, Benin City, Edo State, has left several people injured. Although no fatalities have been reported, the incident has sparked serious safety concerns. Footage of the aftermath, shared widely on X (formerly known as Twitter), shows the devastating scene. A station wagon, with […]Read More

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