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NERC approves licence for Ekiti IPP

NERC approves licence for Ekiti IPP

The National Electricity Regulatory Commission (NERC) has granted the embedded generation licence to the Ekiti Independent Power Project (IPP) Limited situated in the state capital, Ado Ekiti. Special Adviser to Ekiti State Governor on Infrastructure…

FG spends N7trn on direct interventions in power sector

The Federal Government has said that it spent about N7 trillion as direct interventions in the power sector. It stated that the investments were despite privatising the electricity generation and distribution arms of the industry…

‘Nigeria lost $380bn to capital flight before NOGICD Act’

‘Nigeria lost $380bn to capital flight before NOGICD Act’

The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, has claimed that Nigeria lost over $380 billion to capital flight before the Nigerian Oil and Gas Industry Content Development Act was enacted in…

‘Local refining imperative for Nigeria’

‘Local refining imperative for Nigeria’

The Managing Director and Chief Executive Officer of Aradel Holdings Plc, Mr Adegbite Falade, has said that local refining of crude into petroleum products is very essential for Nigeria. He stated that it would encourage…

Refineries: Exercising caution over third party’s interest

Refineries: Exercising caution over third party’s interest

Players in Nigeria’s energy sector have expressed support for any credible and pragmatic strategy to make the nation’s refineries become operational. They stated that if handing over the refineries to a competent entity would make…

NERC proffers measures to reduce electricity billings

NERC proffers measures to reduce electricity billings

The Nigerian Electricity Regulatory Commission (NERC) has proffered strategies that Nigerians would adopt to reduce their electricity bill. The Commission via its official Twitter handle explained that the tips would help both metered and non-metered…

FG generates N44.4bn as gas flare penalties

FG generates N44.4bn as gas flare penalties

The Federal Government collected about $85.1 million or N44.4bn as gas flare penalties from oil and gas companies from January 2023 to date. The is according to the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC). It…

NAEE: Nigeria can’t develop without functional, affordable electricity

NAEE: Nigeria can’t develop without functional, affordable electricity

The Nigerian Association for Energy Economics (NAEE) has acknowledged and emphasised the need for a functional electricity sector with a sustainable, available, and affordable power supply. It stated that the development and true industrialisation of…

Nigeria among 12 countries for sub-Saharan Africa electricity grid

Nigeria among 12 countries for sub-Saharan Africa electricity grid

Nigeria is among countries that will benefit from a proposal to build a sub-Saharan African electrical grid across 12 countries. The proposed grid would traverse northern parts of Africa horizontally, then move south near the…

‘How to attract share of $700bn renewable energy need’

Nigeria needs to activate and market viable deals that will attract investors to commit to bringing in their capital into the country if it wants to attract its share of the $700 billion needed for…