Category: Energy

NNPCL,Stakeholders partner to reconcile NEITI 2021 report

Emporium Reporters

The Nigerian National Petroleum Company, NNPC Limited, has said it is collaborating with the Nigeria Extractive Industries Transparency Initiative, NEITI, and the committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the federation by the company and the Federation Accounts Allocation Committee, FAAC. NNPCL in a statement by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, on Monday, said its clarification was coming on the heels of calls by a non-governmental organisation for a probe of several monies allegedly owed…

Former Minister of Power names cabal benefitting from poor electricity supply in Nigeria

Emporium Reporters

A former minister of Power, Barth Nnaji has disclosed that fuel suppliers and generator sellers are sabotaging efforts to ensure that Nigerians have consistent access to power.   He made this known while featuring on a radio programme, captioned: “The South East Political Roundtable” by Flo FM, Umuahia on Wednesday.   The former minister said the endless breakdown of the national grid had remained a significant concern among Nigerians.   According to him, this is despite the Federal Government’s claim of spending N7 trillion as direct interventions in the power…

NNPC sacks all management staff with less than 15 months to retirement

Emporium Reporters

The Nigerian National Petroleum Company Limited (NNPCL) has sent all management staff with less than 15 months to statutory retirement on compulsory early retirement.   A statement signed by management of the oil company on Monday, September 18, 2023, and posted on its X handle (formerly Twitter) early Tuesday morning stated that the early retirement takes immediate effect from Tuesday, September 19, 2023.   It added that the decision became imperative in order to pursue effective organisational renewal to support the delivery of NNPCL’s strategic business objectives.   “In our…

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

Emporium Reporters

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

Emporium Reporters

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

Emporium Reporters

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

Emporium Reporters

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

Emporium Reporters

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

Emporium Reporters

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

Emporium Reporters

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…