•okays €30m concessional loan to support student housing projects •FG to harmonise, prioritise economic reform agenda The Federal Executive Council (FEC) has approved the issuance of a Federal Government bond worth N758 billion to settle outstanding pension liabilities owed to retirees under the old Defined Benefit Scheme. This was disclosed by the Minister of Finance…
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP) is scheduled to undertake major pipeline maintenance activities from February 5 to March 2, 2025. These activities include the pigging and the in-line inspection of the 569 km offshore pipeline infrastructure, from Ajido, Lagos State, Nigeria to…
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve a…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed 19 illegal Liquified Petroleum Gas (LPG) and category D cooking gas outlets in Delta State. The Coordinator, NMDPRA in Delta, Victor Ohwodiasa, told journalists that the illegal gas outlets were sealed within the past two weeks. He said the illegal gas outlets were shut…
Unistar card meterIkeja Electric Plc has announced that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. In a public notice on Sunday, Ikeja Electric warned its customers that its technology might no longer support the Unistar card meter and any…
. Even though the Dangote refinery just lowered its fuel prices, drivers might not see cheaper petrol right away due to existing stock. This is the position of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) According to the Chairman of PETROAN, Billy Gillis-Harris, though Dangote refinery has reduced its wholesale petrol price…
The Lagos State Government has given a seven-day ultimatum for the removal of illegal structures erected beneath high-tension and power lines across the state. The Lagos State Building Control Agency (LASBCA) shared the directive via its official X account, emphasizing its goal to reduce the risks associated with unauthorized constructions in these areas. The announcement…
It has become necessary to clarify media reports suggesting an imminent 65 percent increase in electricity tariffs. This is a misrepresentation of what I actually said in a recent press interview. I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 percent of the actual…
The Petroleum Industry Act (PIA), which ushered in the full deregulation of the nation’s oil & gas sector conferred on NNPC the critical role of the supplier of the last resort. In practical terms, what this means is that at any point in time when there are discrepancies in the supply chain of petroleum products,…
In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday This price adjustment is in response to favourable developments in the global energy sector and a significant decline in…
