Category: Business News
Business News
Electricity tariff reviews’ll now follow service-based principles —NERC
NERC explained in a media statement that “under these service-based principles Discos will only be able to review tariff rates for customers when they consult with customers, commit to increasing the number of hours of supply per day and quality of service. In all cases poor and vulnerable Nigerians will not experience any increase.”
Adesina re-elected as president of the AfDB Group
The announcement was made on Thursday, August 27, 2020 by the Board of Governors of the Bank. As the newly re-elected President, Dr Adesina will begin his new term on September 1, 2020.
Petroleum ministry vehicles to run on autogas, says Sylva
It was gathered on Tuesday that the Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave the directive in Abuja, had already submitted all his vehicles to be converted to run on gas, as opposed to petrol.
Schneider Electric launches products to reduce Nigeria’s US$29 billion annual power disturbances cost
Based on figures from World Bank, the Nigerian economy annually loses as much as US $29 billion to power disturbances across its various sectors of its activities.
Siemens deal ’ll provide 3,800 power, transformers —FG
The Office of the Minister of Power disclosed this in series of tweets on Tuesday, which were further affirmed by the Minister of Power, Sale Mamman, via his official Twitter handle.
Ikeja Electric unveils WhatsApp Chatbot to enhance service delivery, complaints resolution
The company, while explaining the functionality, noted that through the dedicated WhatsApp Chatbot number 09088951626, customers can get their account details, check and pay bills, confirm payments, report faults, make complaints and request for prepaid meter.
Covid-19: Schneider Electric begins distribution of palliatives to underprivileged children, widows across Nigeria
Energy management giant, Schneider Electric, has begun distribution of 13,000 meals to underprivileged children and widows across the country with a kick off in Amuwo-Odofin community in Lagos State.
NCDMB tower to attract investors to Nigeria —Experts
Project 100, conceived in 2017, is an initiative of the Ministry of Petroleum Resources and the NCDMB to identify 100 Nigerian oil and gas service providers and support them through special interventions to facilitate their incubation, maturation and growth into world class service companies.
4.36 million oil barrels lost to power outage, others, says NNPC
According to data in NNPC’s latest monthly report, a total of 4.36 million barrels of oil could not be produced in the period as a result of the shutdowns.
Petrol may sell for N149 per litre
This means a litre of petrol may be increased from N143 to N149.
The new ex-depot price was contained in an internal memo by the Pipelines and Products Marketing Company seen by our reporter yesterday night.