Ikeja Disco reiterates commitment to providing smart meters

Ikeja Disco reiterates commitment to providing smart meters 0

🕔00:07, 21.Apr 2015

Ikeja Electric, has reiterated that it will invest $100m (about N20bn) in smart pre-paid meters which will be distributed to its customers for free starting from June, The Punch reports. The company said it would begin a pilot scheme of

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Power supply drops again, falls to 2,988MW

Power supply drops again, falls to 2,988MW 0

🕔00:04, 21.Apr 2015

Power supply from the national grid has again slumped below the 3,000-megawatts mark to 2,988.72MW on the back of gas shortfall and lower water supply to the nation’s thermal and hydropower plants respectively, The Punch reports. Gas-fired power plants generate

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World Bank supports Buhari’s probe of NNPC

World Bank supports Buhari’s probe of NNPC 0

🕔00:03, 21.Apr 2015

The World Bank has declared its support for President-elect, General Muhammadu Buhari for the probe of the Nigerian National Petroleum Corporation (NNPC) over allegations of missing funds. This was disclosed by top officials of the bank during a video conferencing

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Shell pays $48bn to FG in five years

Shell pays $48bn to FG in five years 0

🕔00:00, 21.Apr 2015

Royal Dutch Shell Plc, the parent company of Shell Petroleum Development Company of Nigeria Limited (SPDC) has said that its subsidiaries paid a total of $48bn (N9.46tn) in royalties and taxes to the Federal Government from 2010 to 2014, The Punch

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Fuel importation drops post elections, as scarcity bites harder

Fuel importation drops post elections, as scarcity bites harder 0

🕔23:58, 20.Apr 2015

The rate of importation of Premium Motor Spirit (PMS), otherwise called petrol, to West Africa from Europe has slowed down as demand dropped after Nigeria’s presidential election. The effect has been mostly felt in the Nigeria’s capital, Abuja, and its

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Mart Resources Inc. provides Umusadege production update

Mart Resources Inc. provides Umusadege production update 0

🕔23:53, 20.Apr 2015

Mart Resources, Inc. (MMT) (“Mart” or the “Company”) and its co-venturers, Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for February 2015

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Sahara Energy optimistic over production from OPL 274

Sahara Energy optimistic over production from OPL 274 0

🕔08:11, 14.Apr 2015

Sahara Group’s Upstream Company has said it is making good progress with its activities in OPL 274 where Sahara has a 100% working interest, even as the company continues to press towards optimizing opportunities in the block where it hit

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NERC delegates tariff determination to consumers, distribution companies

NERC delegates tariff determination to consumers, distribution companies 0

🕔08:01, 14.Apr 2015

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is ceding part of its regulatory responsibilities with regards to transparent determination of appropriate tariff payable by consumers in Nigeria’s electricity industry to both consumers and distribution companies in the

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62% of Nigerians saw no power supply improvement in 2 years

62% of Nigerians saw no power supply improvement in 2 years 0

🕔22:52, 13.Apr 2015

A poll conducted by NOI Polls Limited has stated that an average of 62.6 percent of Nigerian households saw no improvement in power supply to their households between 2013 and 2015 despite the privatization exercise carried out in the sector, Daily

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NLNG raises asset base by $14 billion, awaits FID on Train 7

NLNG raises asset base by $14 billion, awaits FID on Train 7 0

🕔21:03, 13.Apr 2015

Nigeria LNG Limited (NLNG) has so far invested additional $14 billion on assets, made up mainly of plants and equipment, financed largely by the company’s shareholders, with 51 per cent stake by International Oil Companies (IOCs) and 49 per cent

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