Axxela Announces Leadership Transition: Bolaji Osunsanya Retires, Ogbemi Ofuya Appointed Group CEO Axxela Limited, a leading energy solutions provider in sub-Saharan Africa, has announced a major leadership transition. Bolaji Osunsanya, the company’s long-serving Chief Executive Officer, is set to retire after more than two decades at the helm. Succeeding him is Ogbemi Ofuya, who assumes…
Frequent Grid Collapses Endanger Nigeria’s Power Industry, GenCos Sound Alarm Nigeria’s power generation companies (GenCos) have raised concerns over the recurring collapses of the national grid, warning of severe consequences for the stability and growth of the nation’s electricity sector. The national grid, operated by the Transmission Company of Nigeria (TCN), has experienced 12 collapses…
NNPC Ltd Commits to Revamping Nigerian Football in Collaboration with Stakeholders The Nigerian National Petroleum Company Limited (NNPC Ltd) has expressed its commitment to revitalizing and commercializing football in Nigeria through a strategic partnership with stakeholders in the sports sector. The pledge was made by the Group Chief Executive Officer of NNPC Ltd, Mr. Mele…
Dangote Refinery Boosts Regional Trade with First Fuel Exports to West Africa The Dangote Petroleum Refinery has reached a significant milestone by initiating the export of refined petroleum products to West African nations, marking a pivotal moment in regional fuel market dynamics. Reports from Bloomberg, drawing on data from Vortexa, Kpler, Precise Intelligence, and a…
Barge Operators Handle Four Million Containers Since 2019 – BOAN President has announced that the association has facilitated the movement of over four million twenty-foot equivalent units (TEUs) of containers across Nigeria’s waterways since 2019. This achievement has also contributed significantly to job creation, employing at least 26,000 individuals within the sector. Critical Role in…
NERC Warns DisCos Against Charging Customers for Faulty Meter Replacements The Nigerian Electricity Regulatory Commission (NERC) has cautioned Distribution Companies (DisCos) against imposing charges on customers for replacing faulty or obsolete electricity meters. In a public notice, NERC condemned these practices, describing them as violations of Order No. NERC/246/2021, which outlines the structured replacement process…
George Onafowokan Honored with Rare NSE Fellowship George Onafowokan, Managing Director of Coleman Wires and Cables Industries Limited, has been awarded an Honorary Fellowship by the Nigerian Society of Engineers (NSE). This prestigious accolade is a rare honor, as fewer than 20 non-engineers have received it in the organization’s 34-year history. In a statement on…
Pipeline Experts to Tackle Industry Challenges at NIPITECS 2024 The Pipeline Professionals’ Association of Nigeria (PLAN) has unveiled plans for the 8th Nigeria Pipeline Technology and Security Conference (NIPITECS), set to take place on November 21-22, 2024, at the Abuja Continental Hotels, Abuja. In a statement on Monday, PLAN Chairman Engr. Geoff Onuoha described the…
Benue State to Introduce Groundbreaking Electricity Regulation Law Benue State is set to revolutionize its energy sector with the introduction of a state-specific electricity law aimed at addressing energy challenges and enhancing power supply. The Commissioner for Transport, Renewable Energy, and Power, Mr. Omale Omale, disclosed the initiative during an interview with the News Agency…
Power Struggles: AEDC Cites Debt and Infrastructure Overload for Load Rejection The Abuja Electricity Distribution Company (AEDC) has identified mounting customer debts and overburdened infrastructure as key reasons behind electricity load rejection by distribution companies (DisCos), a challenge contributing to persistent power outages. Chijioke Okuwuokenye, Acting Managing Director/CEO of AEDC, represented by Chief Operating Officer…
