Geometric Power Limited, Nigeria’s foremost integrated power firm, has just scored a bull’s eye by going out of its way to reconcile two groups of residents in a housing estate in Aba, the Abia State’s economic nerve centre, where it is based. The crisis in the Silent Spring Estate, comprising at least 52 houses of various sizes, has recorded some …

Egbin Power Plc has inducted 27 young engineers after successfully completing the company’s Graduate Engineering Programme. This is in line with its commitment to sustainably drive human capital development in the power sector. The 2022 graduates are the third batch of the trainee programme. The 12-month comprehensive developmental programme, run in collaboration with Energy Training Centre (ETC), is an immersive …

A group of entrepreneurs and customers of Ikeja Electric Plc in Lagos State at weekend sent an SOS to the Minister of Power, while accusing the electricity distribution company of desperate attempts to crush their operations. Specifically, the complainants accused the officials of the energy supplier, believed to be the largest electricity distribution company in Nigeria, of threatening to ‘’forcefully …

The Transmission Company of Nigeria (TCN) reported on Thursday that eight power transformers supported by the World Bank through the Nigeria Electricity Transmission and Access Project (NETAP) arrived at Apapa Ports in Lagos. NETAP is an initiative of the Federal Government and its partners with the objective to increase the evacuation capacity of the transmission network in Nigeria. TCN’s General …

The Petroleum Tanker Drivers Branch of the National Union of Petroleum and Natural Gas Workers, (PTD– NUPENG) has threatened a strike over the illegal activities and high-handedness of some security agents, particularly the  Military Task Force in the Port Harcourt zone of the Union. This may end the relief being experienced by Nigerians at Premium Motor Spirit (PMS) petrol retail …

The Trade Union Congress of Nigeria has asked the Federal Government to make petrol available at the official pump price of 180/litre, saying Nigerians cannot continue to pay for the product at higher prices. In a New Year message made available to our correspondent in Abuja, the labour union stated that the year 2022 was quite challenging on virtually all …

Oil marketers on Sunday said that the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Marketers said that the products should be dispensed at the regulated rate of N148/litre to help address the scarcity of Premium Motor Spirit (popularly called …

The House of Representatives has asked the Federal Government, through the Nigerian Petroleum Development Company (NPDC) , to suspend the planned auction of Oil Mining Licence (OML) 11 for $250 million when it has been bidded for $1 billion. At the plenary on Wednesday, the House “urge the Federal Government, particularly the NPDC, to suspend the planned auction and sale …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022, through which seven offshore blocks covering an area of approximately 6,700 square kilometres in water depths of 1,150 metres to 3,100 metres will be on offer. According to a statement by NUPRC’s Chief Executive, Engr. Gbenga Komolafe, the Mini Bid Round is an opportunity to spur new …

Savannah Energy PLC, a British independent energy company, has entered into a share purchase agreement with PETRONAS International Corporation Limited to acquire PETRONAS’ entire oil and gas business in South Sudan. This came through the acquisition of Petronas Carigali Nile Limited at US$1.25 billion, subject to certain completion adjustments. The transaction consideration is expected to be financed through a combination …