Eko Electricity Distribution Company (EKEDC) says it is planning to decommission Unistar Meters assigned to about 11, 000 customers within its franchise areas. The move, according to the DisCo, is however subject to the approval of the Nigerian Electricity Regulatory Commission (NERC), which regulates the power sector. Mr Sulaiman Aledeh, Head, Media and Communications, EKEDC, …
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Delta Chapter, has called for the immediate reopening of the Warri Refining and Petrochemical Company (WRPC) for operations. Its Chairman, Mr Zino Onaemor, made the call while speaking with members of the Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ) on Monday in Warri. The IPMAN…
The Nigerian Electricity Regulation Commission (NERC) on Monday said the 11 Distribution Companies (DisCos) received a total of 172,833 complaints from consumers in the third quarter of 2019. The third quarter report, obtained from NERC’s website in Abuja, indicated 10.41 per cent increase on number of complaints received during the second quarter, which was 145,959….
The coronavirus pandemic also known as COVID-19, is affecting a wide range of energy markets: coal, gas and renewables, but its impact on oil markets is particularly severe. This can be seen from the supply glut currently witnessed in the market and the persistent drop in crude oil prices. As a result of the rapid…
The Society of Petroleum Engineers (SPE) says that divestment of oil assets in the country does not have any negative implication for the nation’s oil and gas sector. The Chairman of the group, Mr Joe Nwakwue, made this known while briefing newsmen in Abuja on Monday. He said that the oil and gas sector in…
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo on monday commiserate with the victims of Sunday’s explosion in Abule Ado and Trade Fair areas of Lagos, tasked residents on illegal building on pipelines Right of Way (RoW). Okoronkwo, in a statement, said that efforts must be made by government…
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…