The Enugu Electricity Distribution Company (EEDC) has notified its customers that by Nov. 24, 2024, all prepaid meters in its network will cease to accept credit tokens unless they are upgraded. This is contained in a statement in Enugu on…
Electricity distribution companies (DisCos) in Lagos say the proposed Standard Transfer Specification (STS), a metering code, to be introduced soon, is not targeted toward increasing electricity tarrif. A top official in one of the DisCos in Lagos, who preferred anonymity,…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued four new regulations that would amongst other things guide the operations of the midstream and downstream environmental remediation fund. NMDPRA in a statement signed by its General Manager, Corporate…
The Federal Government recorded a revenue shortfall of N13.33billion from gas flaring penalties issued against oil and gas firms in January and February 2023. It was earlier reported that the Federal Government would impose $49million (N22billion) fine on oil and…
Leading Electricity Distribution Company, Ikeja Electric Plc (IE), recently signed a Memorandum of Understanding with two renowned Original Equipment Manufacturers (OEMs), Messrs Kabelmetal Nigeria Plc and Nigerchin Limited for the supply of customised electricity cables for its network. Speaking during…
The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. FAAC had on Thursday shared N907 billion among…
The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored…
The recent increase in the cost of Premium Motor Spirit, commonly known as petrol, has been attributed by marketers to the devaluation of the naira and the current surge in crude oil prices. The Chairman of the Major Oil Marketers…
In a major step towards bolstering Nigeria’s energy security and promoting the utilisation of its abundant gas resources, the Nigerian National Petroleum Company Limited (NNPCL) and UTM Offshore Limited yesterday in Abuja signed a Heads of Terms (HoT) agreement for…
First batch of petrol, 27 million litres imported by an independent marketer has arrived in the country, putting an end to a downstream monopoly market once enjoyed by the Nigerian National Petroleum Company Limited. The vessel, ST Nnene earlier billed…
