OPEC wants to extend current oil output cuts until at least June from March, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of a new coronavirus, OPEC sources said. The quick slide in oil prices over the past few days has alarmed OPEC…
The Nigerian Conservation Foundation (NCF), on Tuesday, called for the removal of import duty on solar panel to encourage the use of renewable energy in the country. The organisation’s Lead Climate Action Manager, Mr Solomon Adefolu, said in Lagos that the high cost of solar panel being imported from China could be reduce if the import…
The Abuja Electricity Distribution Company (AEDC) says it will commence the implementation of the 7.5per cent Value Added Tax (VAT) on its services and cost of meter under the Meter Assert Programme (MAP) from Feb. 1. Mr Oyebode Fadipe, AEDC’s General Manager Corporate Communications, made this known in a statement in Abuja on Wednesday. Fadipe said…
Ibadan Electricity Distribution Company says all bill payments and vending transactions of its industrial and commercial customers will be done cashless from March 31. Mrs Angela Olarenwaju, Head, Branding and Corporate Communication of IBEDC made the disclosure in a statement on Wednesday. The power distribution company said the development was in line with the cashless policy…
The management of Niger Delta Power Holding Company (NDPHC) has embarked on a project that will improve power supply by additional 300MW to the national grid. He however decried a situation whereby the available power will not get to the end-users or final consumers. He said that is the reason his agency, NDPHC is collaborating…
Shell Petroleum Development Company of Nigeria Limited recorded five oil spill incidents in January 2020, mainly because of pipeline vandalism and oil theft in the Niger Delta. Data obtained indicated a drop of about 66.2 per cent when compared to the 15 incidents recorded in the corresponding period of 2019. Specifically, the incidents were recorded…
The Enugu Electricity Distribution Company (EEDC), on Monday, lauded the Ndi-Igbo United Forum (NUF) for a peaceful protest over electricity issues in the South-East. Receiving the protesters in EEDC headquarters, Enugu, its Head of Communication, Mr Emeka Ezeh, assured the protesting group that the management of the company would look into their articulated demands. “EEDC…
A group, the All Electricity Consumers Protection Forum, has urged the Federal Government to use recommendations that would emanate from the Gov. Nasir El-Rufai’s Committee to end the quagmire in the country’s power sector. Its National Coordinator, Mr Adeola Samuel-Ilori, made the call on Monday in Lagos. Samuel-Ilori noted that the committee’s request for inputs…
The Management of the Abuja Electricity Distribution Company (AEDC,) has warned against the spate of attacks on its staff by customers. Mr Oyebode Fadipe, company’s General Manager, Corporate Communications, gave the warning in a statement issued on Tuesday in Abuja. He described the frequent resort to attacks on members of staff by certain members of the…
Front row from left: Azu Azuike, TOTAL; Ajukwura Wokomah, GM, CSR, TOTAL; NNPC rep; Prof. Tayo Akinwande, MTL-MIT and others Total Exploration and Production Nigeria has concluded plans to train nine Nigerian lecturers at the Massachusetts Institute of Technology (MIT) as part of efforts to build local capacity in the Nigerian oil and…