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The Federal Government on Monday said it would install at least one million meters in the residents of unmetered electricity consumers before the end of this year. Minister of Power, Sale Mamman, said this in series of tweets posted via the verified Twitter handle of the Office of the Minister of Power. Mamman said the President, Major General Muhammadu Buhari ...

……….by James Ikenna……… Niger , Benin, Togo have remitted about N2.04 billion as electricity bill to Nigeria as part of their total outstanding bill for the first quarter of this year. However major customers such as Ajaokuta Steel Co . Ltd and its environs , did not make any payment in respect of the N 0 . 27 bn and ...

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said the banking sector gave credit facilities amounting to N1.80 trillion, $1.36 (N515.7 billion) and €10.92 million (N5.394 billion ), totalling N2.32 trillion to 273,435 large companies, individuals and Micro, Small and Medium Enterprises (MSMEs) registered under the National Collateral Registry (NCR). He said the figures, which ...

Dr Bala David, Group General Manager, Renewable Energy Division, Nigerian National Petroleum Corporation (NNPC) says the full scale upgrade of Nigeria’s refineries through Joint Venture partnership is timely. David said the move by the Federal Government would boost the local refineries’ profit going forward and also increase domestic crude production. He spoke on Monday at the Virtual Oil Trading and ...

The 11 Electricity Distribution Companies (Discos) in the country raked in a total of N114 billion in the first three months of 2020, the latest quarterly report of the Nigerian Electricity Regulatory Commission (NERC), has indicated. The report covering the first quarter of 2020 also showed that the country generated more electricity compared to the last quarter of 2019 with ...

…….by Musa Ibrahim……….. The Minister of Power, Engr. Saleh Mamman has said that $200 million meant for the Mambilla power project is held up in the presidency in the office of the Chief of Staff to the president and this money has further stalled the completion of the power project. The Minister has also pointed out that a 15 percent ...

The Federal Government is considering supplying electricity to the Republic of Chad. This is following a recent request by the neighbouring country through the Chadian Ambassador to Nigeria, Abakar Saleh Chachaimi. The Transmission Company of Nigeria disclosed this on Sunday, stating that a meeting was held last week to discuss the possibilities of connecting Chad to the national grid. Already, ...

……….by Abisoye Shola………… The Petroleum Industry Bill (PIB) in the work at the National Assembly is proposing that Oil companies operating in Nigeria are expected to incorporate a host community trust for social and economic benefit from petroleum operations in the host communities. From excerpts in the new Petroleum Industry Bill (PIB) obtained in Abuja, the aim of the trust ...

………by James Ikenna…………… Rivers Lawmakers is demanding Shell Petroleum Development Company (SPDC) to pay compensation to owners of building it marked for demolition. The lawmakers resolved this during it’s executive session in which it questioned the alleged plans by SPDC to demolish 800 buildings. This followed the failure of Shell to honour the invitation to it by members of the ...

The Department of Petroleum Resources (DPR) says the Nigerian oil and gas industry’s management of the COVID-19 pandemic in its operations is above global industry average. The DPR has also called for continued collaboration with the National Union of Petroleum and Natural Gas Workers (NUPENG)and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) toward its sustenance. The regulatory ...