News

PDP Rejects N151 Price, N66 Electricity Tariff Hike

The Peoples Democratic Party (PDP) has rejected the recent increase in the price of fuel to N151 per liter and electricity tariff to N66 per kwh under the All Progressives Congress (APC) and its government, saying it is callous, cruel, and punishing.

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Nigerians to Pay more for Petrol as FG Raises Price from N138 to N151 Per Litre

Nigerians already reeling from the Covid-induced economic downturn now have an additional burden to contend with as the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Sp

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NLC Vows to Resist Increase in Electricity Tariff by Abuja DisCo

The Nigerian Labour Congress (NLC) has vowed to mobilise Nigerian workers to resist the increase in electricity tariff by the Abuja Electricity Distribution Company (AEDC), effective from September 1, describing it is an adamant desire by the Electricity Distribution Companies (DISCOs

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Abuja DisCo Begins Implementation of New Service-Based ElectricityTariff

Abuja Electricity Distribution Company (AEDC) says it has started implementing the new Service-Reflective Tariff Plan (SRT) across its franchise area from Tuesday, September 1.

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Africa Needs a Strategy for Successful Energy Transition- Experts

Although it has 8 percent of the global population, Africa ranks the lowest in terms of per capita electricity access hence experts are calling for a sustainable strategy to manage energy transition across the continent.

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How Nigeria Plans to Increase Bi-fuel Vehicles Count on Roads

The Federal Ministry of Petroleum Resources is fiddling with an ambitious programme that aims to increase the number of bi-fuel vehicles on Nigerian roads as a component of the National Gas Expansion Programme (NGEP).

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Three Reasons Why Nigeria Should not Expect an Oil Rally Soon

Nigeria, like other oil-producing countries, is suffering from the double whammy of the coronavirus-related economic slowdown and the oil price crash and a rally may not be here soon for three reasons.

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N3Bn Monthly Revenue Loss: Smart Meters Coming to Fight Energy Theft in Port Hacourt Zone

Solution may be on the way to eliminate or reduce the monthly revenue loss of about N3Bn suffered by the Port Harcourt Electricity Distribution Company (PHED) and save the energy distribution system of the power sector.

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Shell Employees Launch N82M Free Feeding Programme at Isolation Centers

Employees of Shell companies in Nigeria have launched free feeding programme in COVID- 19 isolation centres in seven states under the Shell Employee Care Programme, the General Manager External Relations of Shell Nigeria, Igo Weli, said in a statement issued on Sunda

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Norway Shows Nigeria How to Boost Oil Investment with Tax Relief

The decision of Norway to grant tax relief packages to Equinor and other companies hit by low crude prices is expected to increase oil and gas investment within the region, a development that holds lessons for Africa’s biggest oil-producing country.

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