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The Ondo State Government has commenced a comprehensive review of the Ondo State Electric Power Sector Law 2020, aiming to strengthen governance, improve regulatory efficiency, and accelerate electricity development across the state. The review session took place during a public hearing in Akure, bringing together officials from the Ondo State Ministry of Energy and Mineral ...
The Nigerian Electricity Management Services Agency (NEMSA) and the Association of Power Generation Companies (APGC) have reaffirmed their joint commitment to enhancing electrical safety, enforcing technical standards, and improving power utilization across Nigeria. This renewed partnership was solidified during a high-level courtesy visit by the Managing Director and Chief Executive Officer of APGC, Dr. Joy ...
Gov. Babajide Sanwo-Olu of Lagos State, on Monday, inaugurated the board of the Lagos State Electricity Regulatory Commission at Lagos House Ikeja. Sanwo-Olu urged members to work collaboratively to strengthen the state’s electricity sector and attract investment to the power infrastructure. The governor said the inauguration marked a crucial step in the state’s efforts to ...
The Federal Government’s recent announcement to establish the Grid Asset Management Company (GAMCO) has sparked a critical debate among energy experts and industry observers. While the government frames this as a structural solution to the nation’s erratic power supply, stakeholders argue that creating a new agency may be a deficient strategy if it fails to ...
By Mathew Ibiyemi The Federal Government’s recent announcement to establish the Grid Asset Management Company (GAMCO) has sparked a critical debate among energy experts and industry observers. While the government frames this as a structural solution to the nation’s erratic power supply, stakeholders argue that creating a new agency may be a deficient strategy if it ...
The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has announced that the agency’s latest wave of mini-grid deployments is specifically designed to avoid the systemic vulnerabilities that have historically plagued Nigeria’s national power grid. Speaking in a recent interview, Dr. Aliyu emphasized that the REA is moving away from the fragile ...
The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has asserted that the agency’s latest wave of mini-grid deployments is specifically engineered to bypass the systemic flaws that have historically weakened Nigeria’s national grid. In a recent interview with journalists, the REA Boss explained that the agency is now deploying mini-grids directly ...
The Board of Directors of 11 Plc, formerly known as Mobil Oil Nigeria Plc, has announced that the company’s Managing Director, Mr. Adetunji Oyebanji, will officially retire on March 31, 2026. This announcement, detailed in a notice to the investing public, marks the conclusion of a distinguished career spanning over 45 years of dedicated service ...
President Bola Tinubu has successfully mediated a historic settlement agreement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited, effectively terminating a legal and administrative dispute that had paralyzed one of the nation’s most lucrative energy assets for over fifteen years. By overseeing the final resolution of the conflict surrounding Oil Prospecting Licence (OPL) ...
President Bola Tinubu has initiated plans to establish a Grid Asset Management Company (GAMCO) to strengthen the transmission segment of the nation”s electricity value chain. The Minister of Information and National Orientation, Mohammed Idris, disclosed this after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu on Wednesday, at the State House, ...
Mr Chinedu Anyaso, Chairman of the Independent Petroleum Marketers of Nigeria (IPMAN), Enugu Zone, says the price increase of petroleum products in the country is as a result of hike at the source. It was gathered that on Wednesday, Anyaso, who is in charge of Anambra, Ebonyi and Enugu States, said the rise in pump ...
The escalating geopolitical friction in the Middle East is poised to trigger a fresh wave of global economic volatility, with significant implications for Nigeria’s energy costs and inflationary pressures, Dr. Bunmi Bajomo, a prominent financial expert and Investment Banker has warned. In a statement made available to NewsDirect, Dr Bajomo warned that the intensifying conflict ...
A dispute of jurisdiction has erupted within the House of Representatives, pitting the Committee on the National Rural Electrification Agency (REA) against the Committee on Renewable Energy. At the heart of the confrontation is a high-stakes investigative hearing into renewable energy projects, foreign grants, and program implementation handled by the REA since 2015. The conflict ...
The dream of transforming Nigeria into a gas-powered industrial hub hinges on the federal government’s ability to enforce stable regulations and implement a more transparent pricing regime, according to Shell Nigeria Gas (SNG). Speaking at the Energy Week hosted by the Lagos Section of the Society of Petroleum Engineers (SPE), Ralph Gbobo, Managing Director of ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has overseen the formal handover of the Olo Oilfield Host Community Development Trust (HCDT) from TotalEnergies to Aradel Holdings Plc. This transition follows Aradel’s acquisition of the Olo/Olo West Marginal field within the former OML 58. The trust is a key component of the Petroleum Industry Act (PIA), ...
Under Phase III of the Energizing Education Programme (EEP), the Rural Electrification Agency (REA) has announced that the major power project at Federal University Lokoja is nearing total completion. The installation features a 1.7MW solar hybrid system paired with a 4.064MWh battery storage unit and a 2.0MVA backup generator to ensure constant reliability for the ...
The Nigerian Content Development and Monitoring Board (NCDMB) has cautioned operators in the midstream oil and gas sector to strictly adhere to the NOGICD Act 2010 or face severe penalties, including project suspensions and criminal prosecution. During a sensitisation workshop held in Lagos, the Board’s technical team emphasized that the push for Nigerian content is ...
The Nigerian Independent System Operator (NISO) says power generation has dropped to approximately 4,300 megawatts due to inadequate gas supply to thermal generating stations. The management of NISO disclosed this in a statement on Friday in Abuja, warning that the reduced output directly affected electricity supply to distribution companies (DisCos). According to the statement, thermal ...
The Federal Government has inaugurated a Steering Committee and Joint Technical Working Group (JTWG) to drive the establishment of the National Gas Infrastructure Command Centre (NGCC), a centralised digital platform aimed at strengthening transparency, coordination and operational efficiency across Nigeria’s gas value chain.Backed by President Bola Ahmed Tinubu and enabled by the Petroleum Industry Act ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have formally renewed their collaborative framework to bolster the nation's energy security and accelerate industrial growth. This commitment was solidified during a high-level courtesy visit by the GCEO of NNPC Ltd., Engr. Bashir Bayo Ojulari, to the ...
The Rural Electrification Agency (REA) and the United Nations Industrial Development Organisation (UNIDO) have entered into high-level discussions to bridge the gap between energy access and agricultural productivity by deploying solar-powered cold rooms. This strategic collaboration aims to integrate sustainable cooling infrastructure into Nigeria’s decentralized energy grid to bolster healthcare logistics and reduce post-harvest losses ...
Oil prices softened on Thursday as market participants weighed a surprise build in U.S. crude inventories against the persistent backdrop of geopolitical tensions in the Middle East and Eastern Europe. Brent crude, the international benchmark, edged lower to settle near $81.40 per barrel, while West Texas Intermediate (WTI) followed a similar downward trajectory, trading around ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27. The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines. “All ...
