Energy

  Nigerians have scored the electricity distribution companies (Discos) low in overall performance delivery, although operators and stakeholders agreed there have been improvements in many areas. The Federal Government unbundled the power sector and consequently licensed Discos in 2013. Consumers sampled by The Nation, expressed disappointment with the Discos in areas of meter acquisition, crazy […]

    Operators of modular refineries have blamed their inability to access bank loans on the government’s reluctance to release feedstock (crude oil) guarantee letters to them. An executive member of the Crude Oil Refineries Owners Association of Nigeria (CORAN) told The Nation yesterday that banks are hesitating to finance their operations. The member, who

  The average retail price for a litre of Premium Motor Spirit (PMS) also known as petrol, more than tripled in one year, according to the National Bureau of Statistics. The latest PMS price watch report showed that the price of petrol rose by 226.2 percent to N626.2 in September 2023 from N191.6 in the

  Investors in the energy sector are not taking advantage of the National Gas Expansion Programme (NGEP) and the Presidential Compressed Natural Gas (CNG) because investment in CNG is capital intensive. President, Petroleum Retail Outlet Owners of Nigeria (PETROAN), Mr. Billy Harry, explained that to fix one modest CNG station cost between $380,000 and $500,000.

  The Standards Organisation of Nigeria (SON) has concluded arrangements to face out the filament bulbs and other high energy consuming devices to save energy and forex. The Director General of SON, Mallam Farouk Salim, who disclosed this in Lagos, tasked importers and manufactures discourage importation and manufacturing of such products as SON is working

  Across the world, many countries maintain some level of fossil fuel subsidies to keep prices at affordable prices for their citizens. However, these subsidies come at a substantial cost. The costs spiralled when governments worldwide intervened to shield their citizens from the high energy bills in the aftermath of Russia’s invasion of Ukraine. Hence,

  Sirius Africa, a pioneering Multi Channel Network with more than a decade of dedication to Africa’s creative industries, is embarking on a mission to reshape the financial landscape for creative entrepreneurs. While Africa’s creative sectors hold immense potential, they have long grappled with a significant challenge – the absence of structured equity financing institutions.

  The Federal Government unveiled an application called the Power Outage Reporting System, which enables consumers to report electricity disruptions to distribution companies under monitoring by the Nigerian Electricity Regulatory Commission, on Monday. It unveiled the applications at the Abuja headquarters of NERC, using the Abuja Electricity Distribution Company as a test-run DisCo. The NERC

  General Manager, Stallion NMN, Amit Sharma, has said Nissan’s E-Power, has been introduced to the Qashqai and X-Trail models as a game-changer in the global quest for optimum performance of vehicles. He stated this at the Nigeria Auto Journalists Association’s workshop in Lagos with the theme, “Autogas/electric vehicles as alternatives.” Sharma said: “Electrification is

  Enugu Electricity Distribution Company Plc (EEDC) has issued caution to its valued customers across the South-East region regarding an alarming surge in fraudulent activities associated with prepaid meter upgrades. As a responsible utility provider, EEDC emphasizes that the forthcoming upgrade of Standard Transfer Specification (STS) prepaid meters within its expansive network will be executed