Energy

Nigeria, Morocco sign 5 MOUs on Hydrocarbons, Agriculture

…NCDMB, NNPC to take equity in Ammonia plant The Federal Government and the Kingdom of Morocco on Tuesday signed five strategic Memorandum of Understandings (MOUs) that would foster Nigerian-Morocco bilateral collaboration andpromote the development of hydrocarbons,agriculture, and commerce in both countries. The…

NERC to review Meter Asset Provider initiative

The Nigerian Electricity Regulatory Commission (NERC) has said it is in the process of reviewing the Meter Asset Provider (MAP) Regulation 2018 to fast-track closure of the existing metering gap. MAP was introduced by NERC as a regulatory initiative to…

EKEDC urges customers to apply for free meters

Eko Electricity Distribution Company (EKEDC) has urged its unmetered customers to register for free prepaid meters under the ongoing National Mass Metering programme (NMMP). Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, made this known in a statement issued on…

Seplat losses N191bn revenue

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company has recorded 24 percent revenue loss to stand at $530.5 million or N190.9 billion as against $697.8 million or N214.2 billion in 2019 financial year. In a statements to…

Nigeria may adopt Egyptian model to fix power sector

President Muhammadu Buhari had directed the Ministry of Power to collaborate with the Egyptian government on the effective implementation of the Presidential Power Initiative, otherwise known, as the Siemens Project. This was disclosed by the Minister of Power, Engr. Sale…