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Disco Attributes Load Rejection to Inadequate Customer Payments

Disco Attributes Load Rejection to Inadequate Customer Payments

November 18, 2024

Chijioke Okuwuokenye, acting managing director of Abuja Electricity Distribution Company (AEDC), has said rising customer debts and overloaded infrastructure are behind distribution companies’ (DisCos) load rejection despite widespread blackouts. Speaking at the fourth Power Correspondents Association of Nigeria (PCAN) annual workshop themed “Ending the Talk, Moving the Action,” Okuwuokenye, represented by AEDC’s chief operating officer, […]Read More

Nigeria’s Crude Production Hits 1.8mbpd In November – Mele Kyari

Nigeria’s Crude Production Hits 1.8mbpd In November – Mele Kyari

November 14, 2024

Mele Kyari, Group Chief Executive Officer, of the Nigerian National Petroleum Company Limited (NNPC), has revealed that the state-owned oil company and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4 billion standard cubic feet per day (scfd). This was announced by Olufemi O. Soneye, […]Read More

NNPC Signs 10-year 100mmscf/d Gas Supply Deal With Dangote Refinery

NNPC Signs 10-year 100mmscf/d Gas Supply Deal With Dangote Refinery

November 13, 2024

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. Olufemi Soneye, Chief Corporate Communications Officer, NNPC, made this known in a statement obtained by EnergyPlanets on Wednesday. According to him, the agreement […]Read More

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

Global Oil Prices Steady Amid US Election and Key Policy Meetings

Global Oil Prices Steady Amid US Election and Key Policy

November 5, 2024

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

PETROAN Plans Cheaper Petrol Imports, Challenges Dangote Refinery Monopoly

PETROAN Plans Cheaper Petrol Imports, Challenges Dangote Refinery Monopoly

November 5, 2024

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

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

Power Restored to Seven Northern States as TCN Repairs Key Transmission Line

Power Restored to Seven Northern States as TCN Repairs Key

October 31, 2024

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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