Inconsistent power supply and theft of telecommunications equipment are some of the numerous problems making the telecommunications business less profitable. As a result of the unstable power supply in the country, telecommunications operators spend a lot of money buying fuel. According to operators, the average network cost in Nigeria is twice or thrice higher than…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has called for regulation of filling and retailing of industrial gases in the country. This followed the recent gas explosion in Sabon Tasha area of Kaduna State. Its Executive Secretary, Mr Bassey Essien, who made the call in a statement issued on Tuesday in Lagos, commiserated…
A group, the All Electricity Consumers Protection Forum, said on Tuesday that it would oppose the proposed hike in electricity tariffs because it would further impoverish Nigerians. The National Coordinator, Mr Adeola Samuel-Ilori said in Lagos that the group was exploring legal options even though NERC had decided to engage with stakeholders pending the hike….
Airtel Nigeria says it has launched its television app in a bold step to redefine television viewing experience for customers. Airtel Nigeria Chief Commercial Officer, Dinesh Balsingh, said in a statement on Tuesday that the Airtel TV app would be a one-stop platform for everything entertainment – live TV, music videos, news, sports and lots…
Facebook Inc (FB.O) has announced a new policy banning “deepfake” videos that are likely to mislead viewers into thinking someone said words that they did not actually say. According to Facebook, this is in a move aimed at curbing misinformation ahead of the 2020 U.S. presidential election. It would also remove misleading media if it…
President Muhammadu Buhari has overruled the Ministry of Power, on the suspension of Mrs. Damilola Ogunbiyi, former Managing Director, Rural Electrification Agency, saying it did not follow due process. In a letter signed by Dr. Habiba M. Lawal, Permanent Secretary (Ecological Fund Office) for: Secretary to the Government of the Federation, President Buhari, stated: “Following…
The Nigerian Electricity Regulatory Commission, NERC, has provided explanation, as its minor review of tariff generates controversy in Nigeria. :“The Electric Power Sector Reform Act provides that the Commission shall determine and periodically review electricity tariffs charged by the electricity distribution companies (DisCos) and to provide an opportunity for utilities to recover efficient costs of…
Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Surinam, on trend with the prolific discoveries in the adjacent Stabroek block in Guyana. According to Total, “the Maka Central-1 well was drilled by a water depth of about 1,000 meters and encountered more than 123 meters…
Members the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Chevron branch, on Monday staged a peaceful protest at the Lagos office of Chevron Nigeria Limited (CNL) in Lekki, over alleged welfare issues. Our correspondent who monitored the situation observed that the picketing began early in the day with the aggrieved workers holding placards…
Oil prices rose a further 2 per cent on Monday, pushing Brent above 70 dollars a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude futures LCOc1 soared to a high of 70.74 dollars…
