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Unistar card meterIkeja Electric Plc has announced that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme.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…
The federal government has said that for electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, explained that Nigeria’s power prices need to rise…
The Petroleum Products Retail Outlet Owners Association of Nigeria says its members are now loading petroleum products from the Port Harcourt and Warri refineries. This is contrary to previous doubts that the refineries owned by the Nigerian National Petroleum Company Limited were not fully operational. spokesman for the association, Joseph Obele, disclosed this in a…
