By Ikenna Omeje The Nigerian Electricity Regulatory Commission (NERC) has ordered the 11 electricity Distribution Companies (DisCos) in the country to suspend the implementation of the new tariff, with effect from September 28, till October 11. Following an approval by President Muhammadu Buhari, the DisCos had on September 1, 2020, began implementation of a new…
By Ikenna Omeje Nigeria’s determination to overturn a court judgement in favor of Process and Industry Development (P&ID), a firm based in the British Virgin Islands, received a boost on Tuesday, as a London Commercial Court ordered the release of the $200million guarantee put in place as security for the stay of execution granted Nigeria…
The African Development Bank (AfDB) has launched an eLearning Digital platform to create nine million jobs in Africa’s digital economy in the next 10 years. According to News Agency of Nigeria (NAN), a statement from the bank’s website, the Federal Government and Microsoft launched the Digital Nigeria eLearning Platform to provide marketable digital skills for…
By Ikenna Omeje Shell Nigeria Gas (SNG) and the Oyo State Government have signed a Memorandum of Understanding (MoU) for the company to extend its gas pipeline infrastructure to the state. This was disclosed by Governor Seyi Makinde, who spoke shortly after signing the agreement at the Exco Chamber of the Governor’s Office in Agodi, Ibadan….
The National Union of Electricity Employees (NUEE) on Thursday, cautioned the electricity Distribution Companies in Nigeria (DisCos), to stop threatening to pull out of the electricity deal they had with the Federal Government to provide the nation with adequate power. The Federal Government had in the last quarter of 2013 handed ownership of the bulk…
The Minister of Mines and Steel Development, Olamilekan Adegbite has said Nigeria cannot afford to repeat the mistakes made in oil and gas in mining by exporting raw ore. He said minerals mined in the country should be processed before being exported. According to a release by the ministry, he made this known recently during…
By Ikenna Omeje Shell Nigeria Gas (SNG) has commissioned an indigenous contractor, Gredor Nigeria Limited, to begin construction of a gas pipeline infrastructure to deliver gas to the Nigeria Content Development and Monitoring Board (NCDMB) Industrial Park in Polaku, Bayelsa State. According to a release by Shell Nigeria, SNG had earlier in the year acquired…
By Ikenna Omeje All On, a Nigerian impact investing firm seeded by Shell, has given fund to NXT Grid BV, a solar mini-grid rental company, with a focus on online automation and standardisation to empower local mini-grid developers in Sub-Saharan Africa (SSA), a release by the company has said. Speaking on the reason why the fund…
The Chief Executive Officer, Mojec International Limited, Chantelle Abdul, has said that the recent approval by the Federal Government granting 35 percent import levy waiver on meters will put local manufacturers in jeopardy. Also, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) had in early September asked the Federal Government to review its decision to…
By Ikenna Omeje Egina has emerged as one of Nigeria’s flagship main export crudes in less than two years it came on stream, as refiners prize its versatility and reliability, trading sources told S&P Global Platts last week. The 200,000 b/d Egina deepwater field came on stream in late December 2018, adding a near 10…
