NERC: Discos fined N10.5bn for non-compliance on estimated billing 

11 electricity distribution companies (DisCos) for have been sanctioned for non-compliance with capping of estimated bills for unmetered customers.   According to the Nigerian Eelectricity Regulatory Commission (NERC), the sanctions were overdue as a review of the DisCos’ billing of…

Nigeria’s President, Bola Tinubu signs Electricity Act Amendment Bill into Law

Establishes National Hydroelectric Power Producing Areas Commission (N-HYPPADEC) Mandates 5% of actual annual Opex of Gencos from preceding year for development of host communities   After months of expectations, the President, yesterday, assented and signed into law the amended Electricity…

Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate on Local Content Implementation

The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of…

Shell Management Visits NCDMB, Plans FID for Bonga, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and HI and HA, which are conventional gas projects. The Executive Secretary NCDMB, Engr. Felix OmatsolaOgbe received the…

Total Energies, partners start production from Akpo West field in Nigeria

Total Energies and its partners have announced the start of production from Akpo West field on the PML2 license in Nigeria. Located 135 kilometers off the coast, Akpo West is tied back to the existing Akpo Floating Production Storage and…

NCDMB commits to fast-track of oil and gas projects approvals

The Nigerian Content Development and Monitoring Board (NCDMB) has pledged to expedite the approval of requests and documents submitted by oil and gas companies to ensure the swift development of projects, increase oil production, and improve the national economy.  …

Tinubu, OPEC SG among speakers to discuss new energy world order at NIES 2024

The Nigeria International Energy Summit (NIES) 2024, scheduled to take place at the International Conference Centre (ICC) in Abuja, Nigeria, from February 26 to March 1, 2024, will host President Bola Tinubu including H.E Haitham Al Ghais, OPEC Secretary General,…

On OML 34; NNPCL, US Govt., Deloitte Partner to Reduce Greenhouse Gas Emissions

Part of new operational goal to reduce methane and greenhouse gases from upstream activities A net-zero carbon objective   The Nigerian National Petroleum Company Limited (NNPCL) has partnered with the United States (US) Department of States and international management consultancy…

Lafarge Africa Plc Pioneers Green Depot in Nigeria, Sets New Industry Standards

Lafarge Africa Plc inaugurates its first-ever green depot in Abeokuta, Nigeria, showcasing a commitment to sustainable practices and setting new benchmarks for the industry. In a bold move signifying a leap towards an environmentally-conscious future, Lafarge Africa Plc has unveiled…

TCN energizes two World Bank-funded 100MVA transformers in Benin substation, Ihovbor work centre

enhances bulk supply to Egba, Oluku, Ihovbor, surrounding areas   The Transmission Company of Nigeria (TCN), with funding from the World Bank, has successfully upgraded and energized two 100MVA 132/33kV power transformers at its 132kV Benin Transmission Substation and Ihovbor…

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