Category: Power and Energy

Petrol Prices Set To Go Up As FG / Dangote Crude For Naira Deal Crashes

March 31, 2025March 31, 2025 Rextun boss No Comments

The Federal Government’s failure to renew the Crude for Naira agreement between NNPC Limited and Dangote Refinery, along with rising global crude oil prices, is set to push petrol pump prices higher across Nigeria in April and beyond. The six-month agreement, which expired in March, was initially brokered by the government last year. It allowed…

Petroleum, Trade and Commerce

Warri Refining And Petrochemicals Co Resumes Operations

December 30, 2024December 30, 2024 Rextun boss No Comments

The 125,000 barrels per day Warri Refining and Petrochemicals Company, WRPC has commenced operations. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, disclosed this during a tour at the facility on Monday. This is coming a month after the rehabilitation of the Port Harcourt refinery situated in Rivers…

Petroleum

Minister Debunks Collapsed Grid Saga, Reveals Cause Of Nationwide Blackout

October 16, 2024October 16, 2024 Rextun boss No Comments

The Minister of Power, Adebayo Adelabu, has dismissed reports that the national grid collapsed two times within 24 hours, stressing that there was only a trip-off. Adelabu stated that what occurred was a line tripping in certain quarters in the country. He said: “There was no grid collapse; there was a trip-off. When you talk…

Power and Energy

Marketers Hint Of Likely Hike In Petrol Pump Price

October 5, 2024October 5, 2024 Rextun boss No Comments

Nigerians should brace up for an escalation of the present hardship in the country as Nigerian oil marketers have hinted that there may be a fresh Petrol price hike as tensions build up between Israel, Iran and the Middle East. The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, disclosed this…

Petroleum

FG To Spend N100bn On Electricity Meters Import – Adelabu

August 28, 2024August 28, 2024 Rextun boss No Comments

The Nigerian government, including the federal and state governments, plans to spend N100 billion to import electricity meters into the country to bridge metering gap in the Minister of Power, Adebayo Adelabu, disclosed this while addressing broadcasters in Ibadan, Oyo State recently, noting that this was under the Presidential Meter Initiative program. According to him,…

Power and Energy

NERC Reiterates, Its Not Consumer’s Responsibility To Buy or Fix Transformers

August 11, 2024August 11, 2024 Rextun boss No Comments

The Nigerian Electricity Regulatory Commission, NERC, says replacing or repairing bad electricity transformers is not that of customers but squarely that of power distribution companies, DisCos. Mrs Aisha Mamoud, Commissioner for Consumer Affairs, NERC, stated this on Saturday during a three-day Problem-Solving session between customers in Cross River and PHEDC from Thursday to Saturday, Aug….

Power and Energy

NUPRC To Dangote: We Facilitated 29 Million Barrels Of Crude To Your Refinery

August 10, 2024August 10, 2024 Rextun boss No Comments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disagreed and countered claims by the Dangote Petroleum Refinery and Petrochemicals and other players in the industry that it has been weak in the enforcement of the Domestic Crude Supply Obligation (DCSO) to local refineries. The NUPRC took the position following revelations that it has facilitated the…

Petroleum

Marketers Accuse NNPC, DAPPMA Of Creating Fuel Scarcity

August 3, 2024August 3, 2024 Rextun boss No Comments

The body of Petroleum marketers have blamed the current scarcity of fuel on the alleged shady deals between the Nigerian National Petroleum Company Limited, NNPCL, Depots and Petroleum Products Marketers Association of Nigeria, DAPPMA, and the regulatory agency, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. The marketers claimed that the deals involving the NNPC,…

Petroleum

Dangote Refinery To Pump Out Petrol In August, Says Crude Supply Issues Over

July 14, 2024July 14, 2024 Rextun boss No Comments

President of the Dangote Refinery, Alhaji Aliko Dangote, says the refinery is now set to roll out its petrol from August 2024, having resolved its crude oil supply issues through the help of the Nigeria National Petroleum Company Limited (NNPCL) and the federal government. Dangote told senior journalists in Lagos on Sunday that the crude…

Petroleum

BREAKING: Nationwide Darkness As National Grid Collapses

July 6, 2024July 6, 2024 Rextun boss No Comments

A nationwide power outage has hit Nigeria as the national grid experienced system collapse again on Saturday. Emeka Ezeh, the Head, Corporate of Communications at Enugu Electricity Distribution Company, disclosed this in a notice on Saturday. According to the notice, the National Grid Collapse occurred around 15:09 hours on Saturday. Consequently, bulk electricity supply from…

Power and Energy