Expect electricity tariff hike after criminalisation of estimated billing—NASS
The National Assembly (NASS) weekend introduced fresh angle to the rattling of Nigerians by reactions and counter-reactions of Discos and the Nigerian Electricity Regulatory Commission (NERC) over imminent increase in electricity tariff. The Speaker of the Federal House of Representatives,…
Gas development strides by E’Guinea may overshadow other emerging gas powers
A review of several gas development programmes and investment strides made by Equatorial Guinea throughout 2019 till recently are becoming so intimidating when moves made by other African economies are put on the same table. This was the position of…
S&P Global Platts foresees drop in IOCs stakes over 2019 PSC Act
Endless negative reverberations have continued to trail the passage and assenting into law the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law President Muhammadu Buhari in early November 2019. PSC is a term used in…
Attention DPR: New scam by digital fuel dispensers’ exposed in Nigeria
For many car owners who will relax on their car seat and answer a fuel attendant the question of ‘How much Sir?’ and be carried away without monitoring the discharge and running of the meter, a victim has opened up…
3rd International Petroleum Summit to deepen gas revolution in Feb.
Furtherance to December 2019 declaration by the Minister of State for Petroleum Resources, Chief Timipre Sylva that 2020 is the Year of Gas Revolution in Nigeria, logistics and planning are currently ongoing for the third annual Nigeria International Petroleum Summit…
NERC, ANED may clash over programmed delay in metering next month
Whereas new regulation due from Nigerian Electricity Regulatory Commission (NERC) from February is expected to enforce metering for electricity consumers, signals from the umbrella body of electricity distribution companies (DisCos), the Association of Nigerian Electricity Distribution Companies (ANED), indicate lack…
Rising attack threats between US, Iran over Soleimani killing jump oil price to $70
Economies like Nigeria, whose mainstay remains oil earnings, are in for gains as global oil prices rose a further two per cent on Monday, pushing Brent above $70 a barrel. This stemmed from rising attack threats and build up for…
‘FG should tie April new electricity tariff regime to total metering of customers’
…As NECA says proposed hike necessary For the fact the ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ recently released by the Nigerian Electricity Regulatory Commission (NERC) indicates that new tariff…
NERC denies media reports on imminent electricity tariff increase
…As Nigerians kick against plot for hike from second quarter Contrary to media reports on Sunday that the Nigerian Electricity Regulatory Commission (NERC) is set to increase electricity tariff effective April this year; the Commission has issued a statement dissociating…
Minister’s response to PREMIUM TIMES Report on REA silent on key issues
Following last month’s suspension of the former Managing Director of Rural Electrification Agency (REA), Damilola Ogunbiyi, by the Minister of Power, Sale Mamman, he was directed to hand over to the next most senior officer in the agency. Consequently, the…
