In addition to the Wednesday boost from a Phase 1 US-China trade deal that would ostensibly see China import tons of US LNG and coal, oil prices got a boost Thursday from the Senate’s approval of the US-Mexico-Canada trade agreement, with Mexico and Canada being the top two targets for US petroleum exports. However, by…
Following the system collapse which occurred at 4.15 pm on Thursday, the Transmission Company of Nigeria (TCN) today said the national grid had been fully restored. It explained that the collapse occurred while the grid was recovering from an earlier partial system slump, which it described as “system disturbance.” “Full restoration of the grid was…
Damilola Shittu – Abuja President Muhammadu Buhari has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. He approved the Inter-ministerial Steering Committee and Project Delivery Committee for the N2trn power project. The Minister of Power, Sale Mamman, is to chair the inter-ministerial steering committee, while the director in…
For the 4th consecutive year, African women entrepreneurs can apply to the WIA 54 program. Launched by the Women in Africa initiative, through its WIA Philanthropy endowment fund and thanks to the support of its patrons Société Générale, Roland Berger, Honoris United Universities, Gfi Informatique, Stop Hunger, DS Avocats and the Total Foundation. WIA 54…
In December 2019, an ambitious refinery project in the remote Ibeju-Lekki suburb of Lagos, Nigeria, took delivery of the world’s largest single crude distillation column, to much fanfare. After years of hopes and delays, Aliko Dangote’s 600,000 barrels a day refinery – one of the world’s second biggest – is due to start operations in…
The total quantum of electricity generated on the national grid since the beginning of 2020 reached a peak of 4,898.2 megawatts on Wednesday, latest industry data obtained on Thursday in Abuja showed. Findings from the Federal Ministry of Power showed that the grid had opened the year 2020 with a peak power generation of 4,678.8MW,…
As the year 2020 begins to take shape, WebTV recently interviewed the President of the Renewable Energy Association of Nigeria, Mr. Segun Adaju, on his outlook for the power and energy sector in the year 2020. Adaju said the future of the energy sector in Nigeria hinged on consistency in deepening the supply mix, with…
By Jumoke Adelabu The Nigerian Electricity Regulatory Commission (NERC) has said the review of electricity tariffs in the country is subject to public consultation. The chairman of the board of NERC, James Momoh, said the proposed tariff is only a review that it is mandated twice in a year. Speaking at a briefing on an…
Loveth Ikolodo Days after joining and beginning her new assignment as United Nations Secretary-General’s Special Representative for Sustainable Energy for All, the Nigerian Government has reversed the suspension of Damilola Ogunbiyi as Managing Director of Rural Electrification Agency. Ogunbiyi was suspended by Minister of Power, Sale Mamman, over undisclosed infractions in the agency. Following her…
Jumoke Adelabu – Lagos Lekoil Plc says it has secured a $184m loan for the appraisal drilling and development programme of the OPL 310. The company said in a notice filed at the London Stock Exchange that as a condition for the provision of the facility, its Chief Executive Officer, Mr Lekan Akinyanmi, would pledge…
