Category: Energy

Senate investigates how defunct DPR illegally awarded OML 46 to Halkin Oil, despite Buhari’s directives

Emporium Reporters

The Nigerian Senate is investigating how OML 46 was illegally awarded to Halkin Exploration and Production Company Limited, by the defunct Department of Petroleum Resources (DPR), in contravention of Presidential directive. The Senate Committee on Ethics, Privileges and Public Petitions, while interfacing with the groups involved at a public hearing on Tuesday, 22nd March, 2022, was informed that, after the revocation of the oil field, the presidency intervened, considered the numerous petitions from the various marginal owners and directed that the fields be rewarded on discretionary basis with preference to…

JOS Disco urges Customers to embrace MAP meters

Emporium Reporters

The Managing Director, Jos Electricity Distribution Plc, Alhaji MammanLafia Umar, has called on customers of the company to take advantage of the Meters Access Providers (MAP) programme of the company to be metered.   The Managing Director made the call yesterday at the customer’s consultative forum, Otukpo, Benue State. Alhaji Umar who was represented by the Otukpo Regional Manager, Mr Joseph Kwaghgba, urged customers to embrace the policy to be metered saying that the company desired to meter all her customers.   “You will recall that under the phase zero…

Energy crisis in Nigeria and the attendant economic losses By Aliyu Ilias

Emporium Reporters

Energy plays the most crucial role in economic progress, growth, and development, as well as poverty eradication. Uninterrupted energy supply is not a problem for many countries in Africa except Nigeria which has the dam and gas to produce it but has leaders whose business is to service their pocket at the expense of the Nigeria citizens, present and future economic growth crucially depends on the long-term availability of energy from sources that are affordable, accessible, and environmentally friendly. 2022 energy crisis has surpassed the preceding years of president Muhammad…

CDS meets Oil Producing states Govs ,Other stakeholders over ,Security of Hyro-carbon Infrastructure.

Emporium Reporters

The Chief of Defence Staff (CDS), General LEO Irabor, has solicited sustainable collaboration among all stakeholders in the value chain of the oil and gas industry in Nigeria. He made this remark in Abuja on Friday 18 February 2022 during a meeting with the Governors of oil and gas producing states, heads of security agencies, Chief Executive Officer (CEO) of Nigerian National Petroleum Company (NNPC) Limited as well as CEOs of the Upstream and Downstream sectors of the oil and gas industry. The meeting, which was mandated by President Muhammadu…

Senate summons NLNG over refusal to pay compensation to 73 communities ….. gives one-week ultimatum

Emporium Reporters

The Senate has given the management of the Nigeria Liquefied Natural Gas Limited a one-week ultimatum to appear before its committee on Ethics, Privileges and Public Petitions or face the consequences for failing to do so. The summons was issued on Wednesday by the Senate President, Ahmad Lawan, when the chamber considered a report by the Ethics Committee on the refusal by NLNG to pay compensation for lands acquired from seventy-three (73) host communities in Rivers State. The report was against the backdrop of a petition received from one Chief…

NEC recommends N302 pump price by February

Emporium Reporters

The federal government may increase the pump price of petrol to N302 per litre in February 2022 as part of the recommendation of the National Economic Council (NEC) in November 2021. According to an exclusive report by the cable, it is a part of the government’s plan to fully deregulate the PMS prices, eliminating monthly subsidy payments with provisions to ensure fair competition in the market. Petrol price is currently between N162 and N165 per litre in Nigeria. The recommendations were put forward by the NEC ad-hoc committee interfacing with…

President Buhari appoints Okadigbo’s Wife as Chairman of NNPC

Emporium Reporters

President Muhammadu Buhari has appointed Senator Margret Chuba Okadigbo (South East), Chairman of the Board and Management of the Nigerian National Petroleum Company Limited. The President further appointded Mele Kolo Kyari, Chief Executive Officer, and Umar I. Ajiya, Chief Financial Officer. According to a state house press release made available to Emporium Reporters, President Buhari made the appointment in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021. Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal…

DisCos revenue targets are based on actual consumption – ANED

Emporium Reporters

The Association of Nigerian Electricity Distributors (ANED) has said, contrary to ‘misinformation’ concerning the nature and purpose of revenue targets Distribution Companies (Discos) give their staff, such targets are usually set based on what customers have consumed.   “One of the allegations that is gaining grounds of late is that Disco marketers are given revenue targets and it is in their quests to meet these targets that they supposedly ‘extort’ customers and give them bills that do not reflect their electricity consumption,” Barr. Sunday Oduntan ANED’s Executive Director for Research…

Indemnity, public safety are reasons why Discos take control of donated equipment – ANED

Emporium Reporters

The Association of Nigerian Electricity Distributors (ANED) has explained why electricity distribution companies (Discos) assumed ownership of equipment voluntarily made available by customers for use by their networks. In a statement signed by ANED’s Executive Director for Research and Advocacy, Barr. Sunday Oduntan, the body said it boiled down to a matter of indemnity and safety critical protection. “Many people have asked that question and the answer is simple, and we feel it is important to shed light on it for the sake of public awareness. It is a case…

President Buhari fires AEDC management over strike action

Emporium Reporters

President Muhammadu Buhari has sacked the management of Abuja Electricity Distribution Company AEDC over Monday’s strike by the staff.   A statement from the office of the Minister of State Power, Goddy Jeddy-Agba, in Abuja on Tuesday said the sack was conveyed by the presidency to the Federal Ministry of Power takes immediate effect.   The statement said that a new interim governing board had been appointed to oversee the day-to-day operations of the distribution company. It said, “Following the recent industrial action embarked on by its staff over non-payment…