…Electricity price cheapest in Nigeria compared to other African nations — Adelabu In a bid to address rising unemployment and improve access to electricity in rural areas, the Minister of Power, Oloye Adebayo Adelabu, has unveiled plans for a solar…
Nigerians will soon start paying a lower tariff for the electricity they consume, Minister of Power, Oloye Adebayo Adelabu, has assured. Speaking on Thursday when he received the Executive Secretary of the National Lottery Trust Fund, Mr. Tosin Adeyanju, who…
…Petrol prices to rise across Nigeria due to NNPC’s cost-reflective scheme Oil prices surged by more than a dollar in early trading yesterday amid growing concerns that escalating tensions in the Middle East could disrupt crude production, following Iran’s most…
…New policy will lower cost of living — Minister By Matthew Denis In order to reduce the hardship on Nigerians, the Federal government has exempted some range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed a Memorandum of Understanding (MoU) with the Petroleum Commission, Ghana (PCG) towards developing and deepening local content regulations in Ghana’s upstream petroleum sector. The signing ceremony took place at…
By Seun Ibiyemi The federal government, through the Nigerian National Petroleum Company Limited (NNPC), has fulfilled its cash call obligations amounting to $2.44 billion to multinational oil companies that are joint-venture partners with the state-owned oil company. In Nigeria, cash…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to allow its members to source direct supply of petroleum products to ease the pressure in the sector. Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Depot in…
Shell has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor…
By Seun Ibiyemi The Management of Ibadan Electricity Distribution Company (IBEDC) Plc congratulates all Nigerians, our esteemed customers, and the general public on the celebration of Nigeria’s 64th Independence Anniversary. In a statement, Acting Managing Director, Engr. Francis Agoha emphasised…
A group named Electricity Consumer Protection Advocacy Centre (ECPAC) has described the Ministry of Power’s assertion that over 40 percent of Nigerians enjoy 20 hours of daily electricity supply as laughable. ECPAC Executive Director Chief Princewill Okorie made this known…
