The investigation has shown that between January 1 and March 6, Nigeria’s power sector lost N117.8bn. Findings showed that the sector kept losing billions of naira daily, as it lost as much as N2bn daily in some days during the period under review. It was also gathered that the least amount lost by the sector…
By Oke Peter A private firm, Emel Solar and the Rural Electrification Agency (REA) have signed grant offer agreement under the Output Based Fund (OBF) for the firm to sell Solar Home Systems (SHS) to Nigerian households and businesses. The project is implemented by REA and supported by the World Bank. Energy Worth Online reports…
By Oke Peter The Petroleum Products Pricing Regulatory Agency has announced that Nigeria exceeded its Liquefied Petroleum Gas consumption target for the month of January 2020. The LPG is popularly called cooking gas in Nigeria. Specifically, the PPPRA said Nigeria recorded about 89,910 metric tonnes of national consumption of the LPG in January. The PPPRA…
By Shaka Momodu It’s about time we stopped burying our heads in the sand, pretending that all is well with the power sector in Nigeria. Successive governments have been doing just that, and the result? Reality has always come to bite us harder. Nigerians are hoping that the problems they are facing will one day…
The Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay a judgment sum and interest of N182.7bn to Ogoni community from the account of First Bank of Nigeria. FBN manages the account of Shell Petroleum Development Company which the court compelled to pay the sum for causing damage to the…
Following the recent spike in temperature which has resulted in intense heatwaves affecting residents across Lagos, Schneider Electric has concluded an electrical safety sensitization campaign to avert possible hazards at home and workplaces. The Roadshow which was held at the Alaba International market, Lagos was aimed at enlightening members of the public on electrical safety….
