JUST IN:FG increases price of electricity meters amid economic hardship

The Nigerian government has approved an upward increase in the price of pre-paid electricity meters in the country. This was contained in a circular dated Tuesday, September 5, 2023, and issued by the Nigerian Electricity Regulatory Commission (NERC). The circular signed by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, respectively, stated that a single phase pre-paid meter would now cost N81,975.16k from the N58,661.69k while three phase pre paid meters is increased to N143,836.10k from N109,684.36k. The circular said the new price was…

Oil theft: FG hails Tantita for efficient pipeline protection

by Kazeem Biriowo     The Federal Government on Saturday expressed gratitude to the management of private security services, Tantita Security Services Limited, for their efforts in pipeline protection in the Niger Delta region. The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, gave this commendation while answering questions from reporters during his tour of oil facilities in the Niger Delta. Lokpobiri, who was accompanied on the tour by the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, among other Government officials, said the…

BREAKING: NNPC secures N2.3trn loan to stabilise Naira against Dollar

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a N2.3trn ($3 billion) crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC in a terse statement on Wednesday, August 16, 2023, said the loan was secured from the AFRIEXIM bank headquarters in Cairo, Egypt. The statement reads; “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan. “The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide…

NASENI seeks collaboration with Investors on production of Lithium Batteries in Nigeria ….. Receives Chinese delegation

The National Agency for Science and Engineering Infrastructure (NASENI) is seeking investors that would collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions The Executive Vice Chairman/CEO of NASENI Dr, Bashir Gwandu disclosed this yesterday Monday July 17, 2023 in Abuja,he said the Agency was ready to partner with international companies that are willing to set up their industries in Nigeria and start local production of renewable energy solutions, electric vehicles parts and other capital goods that could create jobs and reduce…

NNPCL intercepts vessel with 800,000 litres stolen crude oil

A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were apprehended on July 7, by operatives of Messrs. Tantita Security Services at an offshore location heading to Cameroon. Mr Garba Muhammad, Chief Corporate Communications Officer, NNPCL., said this in a statement on Monday Abuja.. He explained that the Vessel, MT TURA II, IMO number: 6620462, was owned by a Nigerian company, HOLAB MARITIME SERVICES LIMITED…

Why we’re deploying more Mini-grid power to communities – REA Boss

Managing Director/CEO,Rural Electrification Agency REA, Engr. Ahmad Salihijo, has explained that the recent deployment of Mini-grid Solar power installation across the country, in areas or communities with potential for productive use particularly around agricultural activities was to boost agricultural production and alleviate the burden posed by the removal of fuel subsidy. Salihijo disclosed this in Gurin, Fufore local government area on Friday, during the inspection of 100Kw Solar Mini-grid power plant built by the agency through a private developer Cloud energy photoelectric limited. The project, in Gurin, a big agricultural…

Gov Peter Mbah lauds REA over Off-Grid Energy Access

This Enugu state Governor,Peter Mbah has commended the Rural Electrification Agency REA for its efforts in delivering energy access solutions to communities across the nation, the Governor assured the Agency of his support to enable the sustainable delivery of off-grid solutions to the unserved and the underserved.   Gov Mbah gave this commendation when he received a delegation from the Rural Electrification Agency, led by the Agency’s Board Member representing South-East, Honourable Chidi Emmanuel Nwogu; Mr. Olaniyi Netufo, the Executive Director of Corporate Services at the REA and REA’s South-East…

REA MD,Ahmad Salihijo Ahmad visits Makoko Community, restates collaboration with State Govts, Private Developers

The MD/CEO, Rural Electrification Agency REA,Ahmad Salihijo Ahmad has said the agency will continue to expand its impact footprint while working in collaboration with the state governments as well as private sector developers.Ahmad Salihijo Ahmad disclosed this during a one day visit to Makoko community in Lagos , Nigeria.   The REA Boss who was accompanied during the visit by Engr. Barka Sajou, the Executive Director, Technical Services and other REA team members maintained that. the agency is committed to alleviating Energy Poverty for Socio-Economic Growth in the rural communities.…

ZUNGERU HYDROELECTRIC DAM: Gov Sani Bello applauds President Buhari,says project ‘ll boost power supply, beneficiary to host communities

Niger state Governor ,Abubakar Sani Bello has commended President Muhammadu Buhari for the completion of the 700MW Zungeru Hydroelectric Power Project in Niger State.   The Governor gave the commendation when he joined the Minister of Power, Eng. Abubakar Aliyu and the Chairman,Senate Committee on Power, Senator Gabriel Suswam on a fact-finding visit to the facility.   He described the project as excellent, adding that the Hydroelectric Dam being the fourth in the state would benefit the surrounding communities and ensure access to more electricity to the people of the…

FG suspends planned removal of fuel subsidy

The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo. She said the NEC, which comprises State Governors deliberated on the issue extensively and came to the conclusion that it will not be wise to remove subsidy as soon as the new administration is trying to settle down to governance. She also noted that the existing committee…