Month: August 2019
Buhari’s ‘Next Level’: Nigerians to pay more for electricity, documents reveal
The President Muhammadu Buhari regime through the Nigerian Electricity Regulatory Commission (NREC) has increased electricity tariff across the country. The difference between what Abuja Electricity Distribution Company (AEDC)’s customers pay currently and what they will pay from next year, is an increase of N9.8/kWh. According to Punch, findings from various documents obtained from the NERC…
African Liquefied Natural Gas (LNG) to attract $103bn in 2019
Nigeria, Egypt, South Africa, Mozambique, Senegal and Mauritania lead investment across supply and demand driven projects Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves and is expected to contribute nearly 10 percent of global production growth through to 2024. On the demand…
Again Buhari approves N600bn intervention fund for power sector
Shittu Oluwadamilola – Abuja President Muhammad Buhari has approved the sum of N600 billion as another intervention fund for the power sector. The Market Operator, Transmission Company of Nigeria (TCN), Edmond Eje, disclosed this on Wednesday in Abuja, while speaking on the sidelines of the third MO interactive stakeholders’ forum. “The plan is at an…
Ikeja Electric, Magodo residents sign power supply agreement
Nigeria’s leading Electricity Distribution Company, Ikeja Electric (IE) has signed an agreement with Magodo Resident Association to invest in electricity infrastructure in the Estate as well as provide reliable and quality electricity supply to the residents. The contract, which is in line with the company’s Premium Power Purchase Agreement, was signed at the association’s community…
NNPC gets NHIS accreditation to provide medical services to Nigerians
Jumoke Adelabu – Abuja Ongoing efforts by the Nigerian National Petroleum Corporation (NNPC) to provide qualitative healthcare services to Nigerians in all walks of life received a major boost over the weekend with the formal accreditation of the NNPC Health Maintenance Organization (HMO) by the National Health Insurance Scheme (NHIS). The accreditation which granted the…
We’ve completed 100 power projects in four years —NDPHC boss
By Oke Peter The Managing Director/Chief Executive Officer of the Niger Delta Power Holding Company Limited (NDPHC), Mr Chiedu Ugbo, has said the firm has completed 100 transmission and distribution projects across the country in the last four years. Chiedu disclosed this at the inauguration of a 2x60MVA, 132/33kV substation and associated 132kV transmission lines…
Concern as FG set to take over Discos, return investors’ N736bn
. Oke Peter with Agency ReportThere are strong indications that the Federal Government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. This is coming ahead of the scheduled final performance review of the private firms that bought into the distribution companies carved out…
Bayelsa guber fight is about access to oil money
This November, the ruling All Progressives Congress (APC) will slug it out with the Peoples Democratic Party (PDP) for the gubernatorial position in oil-rich Bayelsa and the central state of Kogi. In the general polls earlier this year, elections for governor held in only 29 of the country’s 36 states due to a calendar distorted…
UNMISS dedicates 300-Watt Solar panel system to Gogrial FM in Kuajok
UNMISS Head of Field Office in Kuajok Anastasie Nyirigira Mukangarambe thanked all partners that supported the project and hoped that the Radio station would make impact A 300-watt solar panel system funded by the United Nations Mission in South Sudan (UNMISS) through its Quick Impact Projects (QIPs) has been handed over to authorities of Gogrial…