Electricity Distribution Companies (DisCos) have set November 2024 for electricity consumers to upgrade their meters. While mixed reactions have trailed the initiative, the DisCos have however maintained a deafening silence on the matter. Under the meter upgrade plan, called the Standard Transfer Specification (STS), a metering code to be introduced soon, will have to be generated by a consumer. The …

Electricity consumers in Akwa Ibom State have kicked against further increases in electricity tariff by Distribution Companies (DisCos) saying that Nigerians could no longer afford further pressure on an already stifling economy. This was the outcome of a meeting put together by the Cordinator, Human Rights Community, Clifford Thomas, and Chairman, of Akwa Electricity Consumers Forum, One Udoh,  in Uyo, …

The Oodua People’s Congress (OPC) has raised the alarm over a plan to further increase electricity tariff by the Distribution Companies (DisCos). It described the move as anti-people, oppressive, unjustified and aimed at discrediting President Bola Ahmed Tinubu’s administration. In a statement by its General Secretary, Comrade Bunmi Fasehun, OPC President, Otunba Wasiu Afolabi noted that the move had similarly …

President Bola Tinubu, on Wednesday, backed the implementation of a $5bn Floating Liquefied Natural Gas (LNG) project in the country. The President gave the backing when he received a group of joint venture partners made up of UTM FLNG, TECHNIP Energies and JGC Corporation in his office, alongside Ambassadors of France and Japan to Nigeria. Addressing State House correspondents after …

The World Bank has expressed its support for the Federal Government’s decision to remove subsidies and unify the country’s exchange rate. This follows President Bola Tinubu’s recent speech advocating for these measures. During an event organised by the World Bank to assess Nigeria’s economy over the past six months on Tuesday, Country Director, Dr. Subham Chadhuri emphasised that although the …

Egbin Power Plc, Nigeria’s leading electricity generation company, has announced a record-breaking 1,000 megawatts (MW) power generation, a feat representing a new peak in a two-year record. The company’s Chief Executive Officer, Mokhtar Bounour disclosed that the record-breaking result was made possible through the support and cooperation of industry operators and stakeholders. He also commended the employees for their commitment …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has countered the allegation by its sister regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) that ExxonMobil was lifting butane illegally at Bonny River Offshore Terminal (BRT). In letters to the Ministry of Petroleum Resources and Chief of Defence Staff, General Lucky Irabor, NMDPRA had alleged that ExxonMobil Corporation was involved …

The Lagos State Ministry of Energy and Mineral Resources has organised a stakeholders’ engagement in Alimosho Local Government Area in continuation of the state government’s efforts to ensure adequate power supply to Lagos residents through various interventions. The Permanent Secretary of the Ministry, Ms. Sholabomi Mosunmola Shasore said at the event that the meeting was organised in line with the …

Seplat Energy Plc has petitioned the National Judicial Council (NJC) to sanction Hon. Justice Inyang Ekwo of the Federal High Court Abuja for what the company described as “unethical, gross misconduct and abuse of judicial power” in granting ex-parte orders in several cases involving the Seplat and some of its shareholders. In a six-page petition dated 15th May 2023 and …

A Federal High Court, sitting in Lagos, on Tuesday struck out a petition against Seplat Energy brought on 8th March 2023 by Moses Igbrude, Sarat Kudaisi, Kenneth Nnabike, Ajani Abidoye and Robert Ibekwe. The petition had led to ex parte interim orders which ordered Mr. Roger Brown to step aside as the company’s Chief Executive Officer. However, the court later …