Eko Electricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) have commenced implementation of the new Service Reflective Tariff Plan.

The firms disclosed this on Tuesday in Lagos.

The DisCos cited Nigerian Electricity Regulatory Commission (NERC) approval of the Multi Year Tariff Order 2020, the DisCos…

The Nigerian Content Development and Monitoring Board (NCDMB) has partnered the Industrial Training Fund (ITF) to train 255 Nigerian youths in nine vocational skills.

The Board in a statement said the six months training programme, funded by the NCDMB will be conducted by the ITF.

It stated…

Akselos has announced the successful deployment of a structural Digital Twin for Shell’s Bonga Main Floating Production Storage and Offloading (FPSO) vessel, located in the Niger Delta in Nigeria.

Akselos is a Swiss company…

As the Organisation of Petroleum Exporting Countries (OPEC), and its allies eased oil supply cuts, just as the global economy and demand began to recover from the Corona virus pandemic, a survey has discovered OPEC oil output has risen by about 1 million barrels per day (bpd) in August.

The…

The Department of Petroleum Resources (DPR) said it generated the total sum of N673.7 billion in the first half of this year.

The regulatory agency in a statement by its spokesman, Paul Osu, said the Director of DPR, Mr Auwalu Sarki, disclosed this during the visit of the Federation Allocation Accounts…

The minority caucus in the House of Representatives has condemned the latest increment in the pump price of Premium Motor Spirit (petrol) from N148 to N151.56k per litre.

The Petroleum Product Marketing Company, on Wednesday, announced that the Nigerian National Petroleum Corporation retail outlets would now sell petrol for N151.56k…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the Southwest region of the country to now sell Premium Motor Spirit (PMS) also known as petrol at N162 per litre.

The southwest Zonal Chairman of IPMAN, Alhaji ‘Dele Tajudeen made this known on Wednesday in Abeokuta, Ogun State.

The Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Nigerian government to review its decision to promote full local content in the manufacture of pre-paid meters.

The plea followed President Muhammadu Buhari’s approval of one year deferment of the 35% import levy on electricity meters to help…

      …PETROAN says filling station owners are being run out of business
Petroleum pump price in Nigeria has been increased to N151.56 per litre, with effect from yesterday, September 2, 2020.

This new price is up from the N138.60 it sold in August. Meanwhile, the Petroleum Products Retail Outlets owners…

The African Energy Chamber’s Local Content Committee has reiterated the crucial place of local content development in Africa’s economic recovery.

The Chamber in its first meeting with the Local Content Committee on Tuesday, said local content development is at the core of Chamber’s activities.

It noted that…