Category: Power
Petrol Shortage Expected to Last Two Weeks, Says IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed yesterday that the ongoing petrol shortage, affecting several states in the country, is anticipated to persist for about two weeks. While the Nigerian National Petroleum Company Limited (NNPCL) affirmed having sufficient product supply, the Public Relations Officer of IPMAN, Chinedu Ukadike, attributed the scarcity to sourcing…
Port-Harcourt Refinery Company and African Refinery Sign Co-Location Agreement to Boost Nigeria’s Refining Capacity
Port-Harcourt Refinery Company (PHRC) has sealed a landmark agreement with African Refinery Limited (ARL) for the co-location of a 100,000 barrels per day (bpd) capacity refinery within the Port-Harcourt Refinery Complex. This significant development promises to bolster local refining capacity and marks a significant win for Nigeria’s oil and gas industry. The agreement, signed between…
Ogun State Government Expresses Condolences to Victims of Ado Odo/Ota Rainstorm Destruction
Following the devastating effects of Sunday’s rainstorm in parts of Sango, Ado Odo/Ota Local Government Area of Ogun State, the state government has extended its sympathies to affected residents. The rainstorm resulted in the destruction of property and infrastructure in various communities. In a statement signed by the Special Adviser on Media, Hon. Kayode Akinmade,…
Dangote Refinery Slashes Diesel and Aviation Fuel Prices Amid Economic Pressures
In a move aimed at providing relief to consumers, Dangote Petroleum Refinery has once again reduced the prices of diesel and aviation fuel, following its recent price drop just two weeks ago. Effective immediately, the price of diesel has been lowered to N940 per litre, while aviation fuel will now be sold at N980 per…
Dangote Refinery Slashes Diesel Price to 1,000 Naira Per Litre
In a bid to alleviate the financial burden on consumers and contribute to economic stability, Dangote Petroleum Refinery has announced a further reduction in the price of diesel from 1,200 to 1,000 naira per litre. This latest price adjustment comes after the refinery previously rolled out diesel at a reduced price of 1,200 naira per…
Police Foil Transformer Vandalism, Arrest 6 Suspects in FCT
In a significant victory for security forces combating vandalism and theft in the Federal Capital Territory (FCT), the FCT Police Command successfully apprehended six suspects for their involvement in the vandalism and theft of a transformer. The operation, which took place on April 11, 2024, at approximately 10:45 PM, saw the arrest of Kabiru Muhammed,…
Minister of Power Signals Potential Decrease in Electricity Tariff as Exchange Rate Improves
Adebayo Adelabu, the Minister of Power, has hinted at a possible reduction in electricity tariffs for Band A consumers once the exchange rate falls below N1,000 to a dollar. The current tariff for Band A stands at N225 per Kilowatt-Hour (KWh). In a recent statement, Minister Adelabu emphasized the flexibility of the tariff structure, suggesting…
NERC Fines AEDC ₦200 Million for Violation of Tariff Order, Orders Customer Refunds
In a bid to enforce compliance with regulatory measures and uphold consumer rights, the Nigerian Electricity Regulatory Commission (NERC) has levied a hefty fine of ₦200 million against the Abuja Electricity Distribution Plc (AEDC). The sanction comes as a consequence of AEDC’s failure to adhere to the Supplementary Order to the April 2024 Multi-Year Tariff…