The management of Ibadan Electricity Distribution Company (lBEDC) says it will start effective metering on Aug. 1 under the Meter Assess Providers (MAPs) scheme to consumers within its franchise areas. Its Chief Operating Officer, Mr John Ayodele, made this known at the IBEDC Town Hall meeting in Ibadan to sensitisation customers on the need for…
Beneficiaries of the stand-alone solar power in Upare and Igbobini communities in Ilaje Local Government Area of Ondo State are to pay N200 to N500 monthly billing per household. The decision was reached on Monday at stakeholders’ meetings held in each of the communities with officials of Office of Public Utilities (OPU) and the power…
The Nigerian Liquefied Natural Gas (NLNG), has denied allegations that it was marginalising a segment of marketers of Liquefied Petroleum Gas (LPG), also called cooking gas. Mrs Anne-Marie Palmer-Ikuku, Head, Media Relations of Nigeria LNG Ltd., said the company had been supporting the domestic LPG (DLPG) market since 2007. Palmer-Ikuku’s reaction is coming on the…
The Nigerian National Petroleum Corporation (NNPC) has said it will maintain current efforts to revamp Nigeria’s downstream oil and gas infrastructure and ensure there is at least 90 per cent pipeline availability. It also said it would keep up its automation of processes in product distribution system, and growth in retail market share to 30…
Thailand’s state oil company PTT has bought one cargo of Nigerian Agbami crude on behalf of Thai refiner IRPC via a tender awarded last week, two trade sources said on Wednesday The cargo was bought at a premium of around $3 a barrel to dated Brent on a delivered-ex-ship (DES) basis, said one of the…
The President of the Dangote Group, Aliko Dangote, says erratic power supply is killing Nigeria’s industries and the economy, adding that the availability of consumer credit facility is an important option in fighting corruption in the country. Mr. Dangote said this in Lagos at a consultative roundtable titled, “Going for Growth” with some economic stakeholders….
The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday in Yenagoa, Bayelsa State signed eight contracts for the development of ongoing Nigerian Oil and Gas Park Scheme (NOGAPS) projects in Bayelsa, Cross River and Akwa Ibom states. The beneficiary companies include O.K. Isokariari & Sons, Megastar, EST Masters, Altex, Faithplant, Erdis, and Linzo. Two…
The Department of Petroleum Resources (DPR) on Monday lifted the sanctions melted on a downstream marketing company, Petrocam Trading Nig. Ltd., for violating the agency’s rules and regulations. Mr Ahmed Shakur, the acting Director of DPR told newsmen in Lagos that the company committed an infraction against the agency in one of its gas plants…
Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE), has recorded a rise of 15 per cent in its half-year profit before deferred tax. In its unaudited consolidated half-yearly financial results for the period…
The Abuja Electricity Distribution Company (AEDC) says that meters installation now depends on customers payment. Meters would be installed for any customers as soon as they make payment for them, Mr Oyebode Fadipe, AEDC’s General Manager, Corporate Communications said. In an interview in Abuja on Sunday, he said that it is only customers who paid…