Regulator of the telecoms sector, the Nigerian Communications Commission (NCC) at the weekend, unveiled measures to support initiatives by other stakeholders to curtail the scourge of COVID-19, better known as coronavirus. The Commission, in conjunction with industry players and all other government agencies, has agreed to reduce the frequency of physical meetings all through the…
The Nigerian National Petroleum Corporation (NNPC) has appealed Law enforcements agencies across the Country to allow petroleum products tanker drivers free movement during the lockdown ordered in parts of the country by President Muhammadu Buhari and some state governments. A release today in Abuja by the NNPC Group General Manager, Group Public Affairs Division, Dr….
…….Opens up on gains of restructuring, insists employees remain major asset Leading downstream oil and gas company in Nigeria, NIPCO Plc, has heightened the supports for its customers and staff in the prevention of the Coronavirus ravaging the World. Managing Director of the company, Suresh Kumar, who declared this at the weekend, maintained that there…
With yet another round of tariff increase looming, electricity consumers in Nigeria will have no choice but to brace themselves for harder times. This implies paying more for the usual lack of or irregular electricity supply; arbitrary or fraudulent billing, otherwise couched as “estimated billing,” and threats of random disconnection. The failure to provide a…
Nigerian Electricity Regulatory Commission (NERC) says there will be a 3-month delay in the implementation of any electricity tariff. Minister of Power, Mr Sale Mamman made this known in a statement in Abuja on Tuesday. Mamman said that the delay in the implementation of the tarrif was one of several critical actions that the administration…
The Association of Nigeria Electricity Distributors (ANED) says the priority of the Distribution Companies (DisCos) at the moment is the safety of their employees and customers, not tariff increment. Mr Sunday Oduntan, Executive Director, Research and Documentation of ANED, said in Lagos, while reacting to suspension of the proposed hike in electricity tariffs. Nigerian Electricity…
Department of Petroleum Resources (DPR) on Tuesday urged oil marketers to ensure distribution of petroleum products even with the stay at home order meant to check Coronavirus spread in the country. The DPR Abuja Zonal Director, Mr Buba Abubakar, gave this advice at the DPR reinforcement of sales and distribution of petroleum products in Abuja….
The Department of Petroleum Resources (DPR), Abeokuta Field Office, has warned the public not to store petroleum products or engage in panic buying during the lockdown. The Operations Controller, Mrs Muinat Bello-Zagi, gave the warning in a statement on Tuesday in Abeokuta. She said that there was no cause for alarm as all depots are…
As output may witness drastic reduction Africa’s upstream sector may see its capital spending reduced by around 33 per cent in 2020 due to oil price crash and the coronavirus pandemic. Latest estimate by Wood Makenzie, which noted that similar cuts to operating costs are also targeted by producers to stay cash-flow neutral revealed that…
The Federal Government on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a reduction of N1.5 on every litre of petrol purchased nationwide. It announced the reduction through the Petroleum Products Pricing Regulatory Agency, after a whole day meeting with stakeholders in the oil and gas sector in…