The Oyo State government is set to re-prioritise its expenditure and cut its 2020 budget to survive the impacts of oil price crash in the international market. The Chief Economic Adviser to the Governor, Dr Musbau Babatunde, made the disclosure in Ibadan on Sunday. He said that since the price crash had affected the federal…
The pipeline explosion which occurred at about 9.00am in Lagos on Sunday has yet to be put out in spite of the combined efforts of the Federal Fire Service, Lagos State Fire Service and others. The others include the National Emergency Management Agency, Lagos State Emergency Management Agency, Red Cross, the police and other security…
The Nigerian Electricity Regulatory Commission (NERC) says only two out 11 Electricity Distribution Companies (DisCos) in the country have metered up to 50 per cent of customers under their coverage areas as at September 2019. NERC, the regulator of the power industry, said the DisCos were Abuja Electricity Distribution Company and Benin Electricity Distribution Company….
The Nigerian Electricity Regulation Commission (NERC) on Sunday said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 50.03 per cent in the third quarter of 2019. The Third Quarter Report was obtained by TBI Africa in Lagos from the website of NERC, which is the regulator of the industry. NERC said although…
The Nigerian National Petroleum Corporation (NNPC) Sunday said that the reported explosion which rocked Abule Ado Area of Lagos State in the early hours of the day was as a result of gas explosion which occurred after a truck hit some gas cylinders stacked in a gas processing plant located near the corporation’s system 2B Pipeline Right…
Following the sharp drop in crude oil prices in the international market on the back of the spread of coronavirus, the price of Premium Motor Spirit, PMS, in the Nigerian market has experienced further dip to N112.26 per litre. According to the latest pricing template from the Petroleum Products Pricing Regulatory Agency (PPPRA), the landing…
Rivers State Governor, Nyesom Wike, at the weekend vowed to develop the agricultural sector and make it the main revenue earner following declining price of crude oil at the international market. The governor spoke while receiving the Ambassador of Kingdom of the Netherlands to Nigeria, Mr. Harry Van Dijk and his team at the Government…
The Enugu Electricity Distribution Company (EEDC) has said that its customers in parts of the state will experience power outage at the weekend. EEDC’s Head of Communications, Mr Emeka Ezeh made this known in a statement on Saturday. Ezeh said that the scheduled outage would occur on Saturday, March 14, from 9a.m. to 5p.m.. He…
The 11 electricity Distribution Companies (DisCos) failed to remit N120.85 to the Nigeria Bulk Electricity Trading (Plc) in the Third Quarter of last year, The Nation learnt at the weekend. Of the total invoice of N179.66billion that the NBET issued to the DisCos for energy purchased, the distributors only paid N58.81billion, according to the Nigeria…
Following the recent management reshuffling at the Nigerian National Petroleum Corporation, Chief Operating Officers (COO) have assumed thier new positions. It would be recalled that THE WHISTLER had reported that an internal memo addressed to staff in the corperation said President Muhammadu Buhari had approved the redeployment, appointments and retirement of some staff as part…
