By Oke Peter Recent findings have shown that Nigerian Electricity Distribution Companies (Discos) owe service providers, including the Transmission Company of Nigeria (TCN), a total of N263 billion. The service providers in the power sector include the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Bulk Electricity Trading Plc (NBET), the Transmission Service Provider (TSP), the…
Esther Ajibola – Lagos Total Nigeria Plc has berated the multiple taxes imposed on corporate entities by both the federal and local governments in the country, even as it declares N5.7 billion dividend for the financial year ended December 31, 2018. Addressing shareholders at the 41st Annual General Meeting (AGM), held in Lagos, the Chairman,…
The Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in Lagos State, Mr Tajudeen Balogun, has said the agency has proposed to use drones to enhance its operations to tackle pipeline vandalism. The NSCDC commandant spoke just as the Nigerian National Petroleum Corporation (NNPC) said it had engaged community leaders to secure the…
Low LNG prices and pressing environmental challenges are becoming key drivers for the gas-to-power sector. But widespread adoption faces political and technological hurdles Gas-to-power technology has been presented as a potential panacea both for developing countries looking to wean themselves off coal, and developed countries seeking transition-friendly energy solutions. But uncertainties remain over who will…
By Oke Peter Smugglers of Premium Motor Spirit, popularly known as petrol, smuggle the commodity to as far as Burkina Faso, Mali and Cote d’Ivoire, the Nigerian National Petroleum Corporation (NNPC) said on Wednesday. The corporation also stated that the commodity was being smuggled to neighbouring Ghana, adding that this was largely due to the…
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has commenced the roll out of meters for customers in the Shomolu Business Unit under the Meter Asset Provider (MAP) scheme. The company, which has just completed the installation of meters for all residents of Unilag Estate in Isheri, announced that it has also commenced metering of…
Plans have been concluded by the continent’s first mini-grid financing facility, Crossboundary Energy Access, to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Fundraising has proven difficult to date, with the CBEA pointing out solar mini-grids, like all energy projects require a significant upfront investment and yield…
