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Wednesday, September 23, 2020

Electricity company expresses concern over vandalism of installations

By Maureen Ojinaka Enugu, July 26, 2020 The Enugu Electricity Distribution Company (EEDC) has raised concern over the rising cases of vandalism of electricity installations within its network in the South-East. The Head, Corporate Communications, EEDC, Mr Emeka Ezeh, disclosed this in a statement on...

NASS, NERC to partner on legal framework to protect investment in power sector

By Constance Imasuen Abuja, July 13, 2020 The National Assembly (NASS) says it is working with the Nigerian Electricity Regulatory Commission (NERC) to put in place a legal framework that will protect investment in the power sector. Sen. Gabriel Suswan, Chairman, Senate Committee on...

Traders see European gasoline cracks spike demand for cheaper Nigerian crude

A sharp improvement to European gasoline cracks could soon lead to an uptick in demand for Nigerian crude, traders said, but differentials remained steady on high storage and mostly bad margins. Increased mobility helped send European gasoline cracks higher and provided a boost to sellers...

LEKOIL, Otakikpo JV Partners complete first crude oil lifting of 2020

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced, on behalf of the Otakikpo Joint Venture which is made up of Green Energy International Limited (“GEIL”), the Operator, and the Technical Partner, LEKOIL Oil...

Gross power outage looms as Nigeria threatens to revoke Electricity Distributors’ licences

The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019. According to the Nigerian Electricity Regulatory Commission, the eight power firms include Abuja, Benin, Enugu and Ikeja...

Nigeria’s Electricity Grid collapsed 100 times despite $1.6bn intervention

Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year and over 100 of such cases since the sector was privatised. According to them, the system collapse has continued to occur despite the $1.6bn local and international intervention...

Prepaid meter: IE sensitises customers on registration process

Ikeja Electric (IE) Plc has begun the rollout of meters under the Meter Asset Provider (MAP) scheme to unmetered customers, the Chief Operating Officer, Mrs. Folake Soetann, has said. She spoke at the weekend in Lagos at the Customers Engagement Forum to sensitise customers in...

Report Shows Nigeria’s Power Distribution Companies Struggling to Cut Loss Levels

An analysis of the Average Technical Commercial and Collection (ATC&C) Loss Data obtained from the Nigerian Electricity Regulatory Commission (NERC), has shown that the 11 electricity distribution companies (Discos) are still finding it difficult to cut down losses. The data from NERC in Abuja, disclosed...

Declare state of emergency in Nigeria’s power sector, Diaspora tell Buhari’s administration

Some United States-based Nigerians, including professionals in various fields, have advised President Muhammadu Buhari to declare a state of emergency in the power sector. The advice came through an opinion survey conducted by the News Agency of Nigeria (NAN) in New York during the weekend. This...

World Bank: Nigeria, others won’t have access to electricity in 2030

The World Bank, at the weekend, said an estimated eight per cent of global population will not have access to electricity in 2030 under current policies. It stressed that 90 per cent of the population will be in sub-Saharan Africa. In its latest report titled:...
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