Gencos petition Presidency, NERC over admin charge

Power generation companies on Monday petitioned the Nigerian Electricity Regulatory Commission, the presidency and other relevant agencies of government over a recent administrative charge imposed on Gencos. In a letter dated September 30, 2019, addressed to the chairman of the NERC, the Gencos resisted the 0.75 per cent administrative charge imposed on them by the […]

Wike announces RVSG acquisition of Shell’s OML 11

Nyesom Wike, the governor of Rivers State, has announced State Government’s acquisition of Shell Petroleum Development Company (SPDC) 45% operating stakes in oil mining lease (OML) 11 in Ogoniland, Rivers state. Wike, in a brief state broadcast moments ago, said his administration has also made a $150Million bid for the purchase of some other interest […]

Nigeria’s oil revenue threatened as India shifts to alternative market

Nigeria is about losing one of its major oil customers, India, as the world’s third-largest oil importer has found a new market in cheap crude oil supplies from Iraq, according to a report by Reuters. Also after nine years of using the persuasive approach and warnings to compel oil and gas industry stakeholders to comply […]

AfDB to scrap coal power stations across Africa

Akinwumi Adesina, president, African Development Bank (AfDB,) has revealed plans to scrap coal power stations across Africa and switch to renewable energy. According to a statement issued on Wednesday by the bank, Adesina revealed the plan during climate talks on the sidelines of the ongoing United Nations General Assembly. Addressing a gathering of leaders and […]

Discos accuse TCN of 100 system collapse; 5,300 interruptions in 6 years

Electricity distribution companies (DISCos) on Tuesday again accused the Transmission Company of Nigeria (TCN) of inefficiency despite over $1.6 billion federal government-guaranteed and multilateral funding and grants to the company. The Association of Nigerian Electricity Distributors (ANED), the umbrella body of ten DISCos, except Yola, said TCN’s analogue system has caused over 100 electricity grid […]