The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project. The project, expected to be completed within a 24-month timeline, is a section...
The cost of gas remains one of the key determinants of the electricity tariff in Nigeria and it was high time the government found a way to help bring down the price in the interest of the sustainability of the power sector. This was contained in a statement by the...
Electricity Distribution Companies (DisCos) lose over N30 billion of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers. The DisCos disclosed this in a statement by the Association of Nigerian Electricity Distributors (ANED) on Thursday. According to the Executive Director, Research...
The Director of Petroleum Resources, Engr. Sarki Auwalu, has inaugurated three teams to operationalise the full implementation of the Nigeria Gas Transportation Network Code (NGTNC) recently launched by the Minister of State Petroleum Resources,with Timipre Sylva, with a six-month mandate to go live. The Director in his address at the...
Colonel Sani Bello (Rtd) is the Chairman, board of directors of Mainstream Energy Solutions Limited (MESL), concessionaire for the Kainji and Jebba hydropower plants in Niger State. In this interview, Col. Bello  spoke about the implications  of the calls to reverse the gains of the power sector privatisation and what...
Nigeria will continue collaborating with other OPEC+ Nations in the historic efforts to adjust crude oil production towards rebalancing and stabilizing the global crude oil market for the benefit of all. Nigeria reaffirms its commitment, alongside its OPEC+ counterparts to extend the first phase of the production adjustments of 9.7 mb/d...
Power Distribution Companies (DisCos) have dismissed the claims that 4,159 megawatts (MW) of electricity is stranded on the national grid due to their low capacity. The DisCos’ group, Association of Nigerian Electricity Distributors (ANED), said the claims by the Generation Companies (GenCos) were not true. The Association of Power Generation Companies...
In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, the National Oil Company...
The Federal Government yesterday further reduced the Pump Price of fuel from N123.50/litre to N121.50/litre. Recall, Nigeria is operating an approved pricing regime which became effective 19th March 2020 and the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at...
Minister of Science and Technology Dr. Ogbonnaya Onu has said that the Methanol Fuel Technology policy will assist Nigeria’s economy to recover quickly from the damage caused by Covid-19 pandemic. He stated this at the final meeting of the Cabinet Committee to source funding for the Implementation of The National...