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
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
The national grid has collapsed for the second time in three days, leading to blackouts in several parts of the country. Nigeria was on Thursday plunged into darkness as the country’s national grid collapsed again. A check on the Nigerian System Operator’s portal (niggrid.org), showed that power generation dropped to zero megawatts at 11:30 a.m., […]Read More
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
Donald Trump has claimed victory in the US presidential election, according to media reports on Wednesday, defeating Kamala Harris in a remarkable political comeback likely to reverberate worldwide. With a record turnout, Americans demonstrated their engagement despite a deeply divided nation. Trump’s campaign centred on economic revival, immigration reform, and what he called a “return […]Read More
The global oil market has remained steady despite the 2024 US presidential election, with prices for key crude benchmarks, West Texas Intermediate (WTI) and Brent crude, showing little movement. WTI is currently trading at $71.83 per barrel, reflecting a small 0.36 percent change, while Brent crude stands at $75.48, with just a 0.40 percent fluctuation. […]Read More
The national power grid suffered yet another collapse on Tuesday, 5 November 2024, marking the ninth time this year that millions across Nigeria have faced a complete blackout. Data from the Nigerian System Operator’s portal (niggrid.org) shows that power generation plummeted to zero megawatts at around 2:00 pm, impacting all 22 active generation companies (GenCos) […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced that the petrol it plans to import will be more affordable than the current rates in the country. In a statement, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, emphasised the need for healthy competition in a deregulated market. He revealed that PETROAN […]Read More
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
The Transmission Company of Nigeria (TCN) announced Wednesday evening that it has restored power to seven northern states after successfully repairing the 330kV Ugwuaji-Apir Transmission Line 1. TCN’s General Manager of Public Affairs, Ndidi Mbah, confirmed that repairs were completed at 4:56 p.m. on Wednesday. “With this line restored, the Apir-Lafia 330kV transmission line 2 […]Read More
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