The Manufacturers Association of Nigeria, MAN, has questioned the powers of the Nigerian Electricity Regulatory Commission, NERC, to review electricity tariff monthly without adequate consultation with consumers and other stakeholders.

“It has the capacity of reducing inflation. It is cheaper. You can realise between 40% to 50% savings from patrol. This is good for Nigeria and it is safer. It is 18 time safer than our petrol and diesel. It is cleaner and safer for the environment.”

THE Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni, said Bonga, Nigeria’s first deep-water asset, has recorded major milestones, due to effective leadership, cutting-edge technology, continuous improvement and collaboration with stakeholders.

The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas dropped by 13.04 per cent on a month-on-month basis to N14,375 in April 2024 from N16,250 in March 2024.

Nigerian oil and gas servicing company, KTS Oil & Gas Services Limited has received the International Organization for Standardization (ISO) Quality Management System certification, otherwise known as ISO 9001:2015 Standards Certification.

“The focus of the bid will be on technical and final capacity to proceed to the field on work programs, after awards while hitherto signature Bonus has been dropped to a token and replaced with Production Bonus.”

The Minister of State for Petroleum Resources (oil), Senator Heineken Lokpobiri, has urged the global community to invest in Nigeria as the 2024 Offshore Technology Conference, OTC, opens in Houston, Texas, USA.

The Nigerian Electricity Regulatory Commission, NERC, Monday, announced an eight percent reduction on electricity tariff paid by customers in Band A from N225/kWh to N206.8/kWh.

“The focus of the bid will be on technical and final capacity to proceed to the field on work programs, after awards while hitherto signature Bonus has been dropped to a token and replaced with Production Bonus.”

Nigeria Independent System Operator Limited has emerged following the restructuring of the Transmission Company of Nigeria, TCN, by the Nigerian Electricity Regulatory Commission, NERC.

“Thus, for the attention of NANS and other Nigerians who are agitated, NNPCL under Kyari has made a commitment that the company currently has an availability of products exceeding 1.5 billion litres, which can last for at least 30 days, hence such calls and plan mob but not mass action is unnecessary distractions and overheating of the polity.”

The drive to increase Africans’ access to power has received a boost as Genesis Energy Group Limited and the U.S. Agency for International Development have signed a Memorandum of Understanding (MOU), to mobilize $10 Billion for strategic climate investments in green energy, renewable energy projects, and nature-based solutions that respond to countries’ Nationally Determined Contributions under the Paris Agreement.

“When Mr President came last year, one of the things he said is that subsidy is gone and truly, subsidy was gone because immediately, the price of fuel moved from N200 per litre to N500 per litre.”

Barely a month after the takeover of Kaduna DisCo over a N10 billion debts, the federal government has concluded plans to take over  Benin Electricity Distribution Company, BEDC, over alleged prolonged poor performance.

The development comes following data from NBS, where it said the Federation Account Allocation Committee (FAAC), disbursed the sum of N2.07 trn to the three tiers of government in February 2024 from the total revenue generated in January 2024.