Category: Business News
Business News
Ikeja Electric begins implementation of revised service reflective tariff
Ikeja Electric has commenced the implementation of the revised Service Reflective Tariff (SRT), as approved by the Regulator with effect from November 1, 2020.
Century Power calls for more private sector-led reforms in the power sector
Dr. Umeh, who is also the Chief Operating Officer of the Nestoil Group lamented the impasse over the implementation of cost-reflective electricity tariffs in the country arguing that if electricity is not appropriately priced, the industry cannot attract the needed investments.
Africa Energy Forum: IPP Office Head Tshifhiwa Bernard Magoro and Eskom CEO André de Ruyter to co-chair energy roundtable with investors
For the first time, Eskom CEO André de Ruyter and Tshifhiwa Bernard Magoro, Head of South Africa’s IPP Office will Co-Chair an intimate boardroom on 2nd November during the Africa Energy Forum
Mauritius Africa Fintech Hub celebrates 2nd anniversary
Whilst COVID-19 is impacting businesses with lockdowns and physical barriers caused by social distancing measures between stakeholders in the FinTech ecosystem, it is also creating opportunities by accelerating the case for all things digital according to the Mauritius Africa FinTech Hub (MAFH), which celebrated its second anniversary on October 23, 2020 at the Caudan Arts Centre, Port Louis.
Digital Energy Festival to fuel six weeks of inspiring energy engagement for Africa
Digital Energy Festival for Africa kicks off on 20 October when four of Clarion Events’ leading energy brands join forces with an unprecedented six-week tour de force of quality content and engagement
World Bank supports FG on petrol subsidy removal
The World Bank noted that the Nigerian government had eliminated petrol subsidy and established a market-based pricing mechanism with no price ceilings.
Schneider Electric introduces new UPS smart solution to reduce total spend on electricity tariff
Schneider Electric on Monday announced the availability of a new category of Uninterrupted Power Supply (UPSs) smart solution from its APC, that can help electricity consumers in Nigeria reduce total spend on electricity tariff.
It’s not in our interest to remain sole importer of petrol —NNPC boss
But speaking during a downstream stakeholders’ meeting which held at the NNPC Towers, Abuja, Group Managing Director of the corporation, Mallam Mele Kyari, argued that it was not in the best interest of the national oil company to be the sole importer of fuel. A press release by the corporation’s Spokesman, Dr. Kennie Obateru, quoted Kyari as saying that concrete steps were being taken by the federal government to address the main concerns of marketers, especially the issue of availability of forex.
PPMC increases petrol price to N151.56 per litre
The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of petrol from N138.62 to N151.56 per litre.