Category: Power and Energy

President Tinubu Signs Amended Electricity Act Bill Into Law

February 10, 2024 Rextun boss No Comments

Towards addressing the development and environmental concerns of host communities, President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, stated this in a statement he signed Friday titled ‘President Tinubu assents to Electricity Act (amendment) bill.’ The Electricity Act (Amendment) Bill,…

Power and Energy

NANS Warn Against Hiking Fuel Price To N1200 Per Litre

January 3, 2024 Rextun boss No Comments

The National Association of Nigerian Students, NANS, Southwest Zone, has urged the Nigerian National Petroleum Corporation Limited, NNPCL, not to think of increasing the pump price of petrol to N1,200 per litre as being canvassed by some people and groups. The student body, in a statement by the Zonal Coordinator, Comrade Alao John, the Secretary,…

Petroleum

NNPCL, Marketers Clash As Operators Peg Petrol At N1,200/litre

January 3, 2024January 3, 2024 Rextun boss No Comments

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol. This came against the backdrop of the depreciation of the naira against the United States dollar at both the official Investors & Exporters Window…

Petroleum

NERC Refutes Plan To Raise Electricity Tariffs

January 1, 2024 Rextun boss No Comments

The Nigerian Electricity Regulatory Commission (NERC) has officially cleared the air, dismissing widespread rumours of an increase in electricity tariffs starting January 1st, 2024. Reports have been rife that Nigeria’s electricity distribution companies (DisCos) are planning to increase electricity tariffs nationwide with effect from January 1, 2024. According to reports, “All has been perfected for…

Power and Energy

Dangote Refinery Expects 5th Shipment of Crude As 4th Arrives

January 1, 2024 Rextun boss No Comments

Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited,NNPCL. According to a statement from Dangote Refinery on Monday, “The fresh one million barrels of crude…

Petroleum

Port Harcourt Refinery Still Undergoing Testing, Not Yet Refining

January 1, 2024January 1, 2024 Rextun boss No Comments

The Port Harcourt Refinery is still undergoing testing and has not commenced commercial operations despite expectations of resuming production in December 2023 after repairs. According to NNPC spokesperson Olufemi Oladapo Soneye, test running is ongoing to ensure all components like pipelines are in perfect condition before crude oil supply and refining starts. The refinery rehabilitation…

Power and Energy

Distribution Companies Plan Electricity Tariff Hike January

January 1, 2024 Rextun boss No Comments

Nigeria’s electricity distribution companies, DisCos are reportedly planning to hike electricity tariff nationwide with effect from January 1, 2024. A source in one of the DisCos confirmed the development under anonymity. However, the Nigerian Electricity Regulatory Commission, NERC, Abuja Electricity Company are yet to respond to enquiry on the planned electricity tariff hike as of…

Power and Energy

How to Stop Judicial Coups Against Democracy in Nigeria – Farooq A. Kperogi

December 2, 2023December 2, 2023 Rextun boss No Comments

The Civil Society Legislative Advocacy Centre (CISLAC), one of Nigeria’s most prominent pro-democracy NGOs, invited me to make a virtual presentation from my base in Atlanta to a national seminar it organized last Thursday on “targeted judicial reforms and enhanced judicial integrity in post-election litigation.” Unfortunately, I couldn’t make it, but here are the thoughts…

Opinion, Power and Energy

Power Sector Operators Seek Cost-Reflective Tariff

November 3, 2023November 3, 2023 Rextun boss No Comments

Operators in the Nigerian Electricity Supply Industry (NESI) have called for the adoption of cost-reflective tariffs for energy to consumers to attract more investments and curb the liquidity challenge in the sector. While acknowledging that the sector has not delivered on the objectives of the privatisation 10 years ago, they noted that poor liquidity was…

Power and Energy

Military Bursts N1.2bn Crude Oil Theft

October 27, 2023October 27, 2023 Rextun boss No Comments

The Defence Headquarters said on Thursday that troops in the last two weeks intercepted stolen crude worth N1.2 billion as Nigeria’s oil production capacity increased in September. The Director, Defence Media Operations, Maj. Gen. Edward Buba said this on Thursday in Abuja while briefing journalists on the activities of the Military in the past two…

Power and Energy

abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026
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Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025
Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…