President Muhammadu Buhari on Tuesday commissioned a 5,000-barrel per day Waltersmith modular refinery in Imo State, saying the advent of such refineries in the country will aid the availability of petroleum products and eliminate importation.
The President Muhammadu Buhari, has transmitted the much-awaited Petroleum Industry Bill 2020 to the National Assembly and has proposed the creation of the Nigerian National Petroleum Company Limited.
By Oke Peter Following the suspension of Mrs Damilola Ogunbiyi as the Managing Director of the Rural Electrification Agency (REA) last week. President Muhammadu Buhari has appointed Engineer Ahmad Salihijo Ahmad as the new Managing Director and Chief Executive Officer (CEO) of the Agency. The Minister of Power, Engineer Mamman Sale broke the news in…
Abdullahi Dangiwa – Abuja The Federal High Court in Abuja on Friday ordered the Minister of Petroleum Resources to grant the renewal of the Oil Mineral Lease 11 to Shell Petroleum Development Company of Nigeria for 20 years. Justice Taiwo Taiwo, in his judgment delivered on Shell’s suit, ruled that renewal would be for 20…
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…
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…
. 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…
The six-year electricity deal signed by the Federal Government and Germany-based Siemens AG in July will cost more than N1.15 trillion to execute. The Punch has reported. The three-phase Nigerian electrification project which aims to achieve 25,000 megawatts of electricity in the country by 2025 will require more than N1.15 trillion to execute, according to…
