Category: Power - Page 3 - African News Today

Libya Overtakes Nigeria As Africa’s Biggest Oil Producer

12Nov

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Libya Overtakes Nigeria As Africa’s Biggest Oil Producer

Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to a new report by the Organization of the Petroleum Exporting Countries. Nigeria told OPEC that its oil output fell to about 1.23 million barrels per day in October from about 1.25 million bpd in the previous month, the cartel’s latest report released on Wednesday revealed. Libya, which overtook Angola as the second-biggest producer on the continent in December last year, saw its oil production rise to 1.24 million bpd in October from 1.16 million bpd in September, based on direct communication, according to OPEC. OPEC uses secondary sources to monitor its oil output, but also publishes a table of figures submitted by its ...

FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies

19Oct

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies

The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on Monday. It also said while workers of the three agencies would be protected, their chief executives had been relieved of their various appointments. The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this while speaking on the side-lines of the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission in Abuja. He explained that with the passage of the Petroleum Industry Act, the NPRA and NURC had taken over the functions of the DPR, PPPRA and PEF. Responding to...

PMB: Call Him Master Finisher By Femi Adesina

20Aug

By Obiajulu Joel NwoluNo Comments

Agriculture, News, Nigeria, Power

PMB: Call Him Master Finisher By Femi Adesina

The country has been agog this week with fallout from the signing of the long-awaited Petroleum Industry Bill (PIB) into law. That legislation has now become Petroleum Industry Act (PIA). President Muhammadu Buhari has done what Napoleon couldn’t do. Again and again. The Bill had defied Olusegun Obasanjo who introduced it, got the better of Umaru Musa Yar’Adua (God rest his soul), worsted Goodluck Jonathan, but has finally been subdued by Buhari. The man has proven to be adept at concluding things that had long trounced and vanquished many leaders before him. The PIB overwhelmed the first to eighth National Assembly, which couldn’t pass it into law. But through synergy and cooperation between the Executive and the Ninth Assembly, Nigeria now has a law for her cash cow, the oil and ga...

NCL Issues December Deadline For Implementation Of Electricity Tariff Reduction Agreement

6Aug

By Obiajulu Joel NwoluNo Comments

Labour, News, Nigeria, Power

NCL Issues December Deadline For Implementation Of Electricity Tariff Reduction Agreement

The Nigeria Labour Congress, NCL, has demanded that the Federal Government should implement the electricity tariffs reduction agreement by December. The congress in its notice to the government to reduce electricity tariffs by N15 per kilowatt-hour cautioned that it would not accept the serial violations of agreements. The NLC President, Ayuba Wabba, disclosed this in a statement on Thursday titled ‘Gas sale to Gencos should be below $1.50/scf’. He said, “It is significant that the incessant increase of electricity tariff was one of the several issues discussed between the representatives of the Federal Government of Nigeria and organised labour, hereinafter referred to as the principals, on 28th September 2020. “Specifically, an agreement was reached at the meeting to set up a...

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

21Jul

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

As Muslims celebrate Eid-el-Kabir, power generation in Nigeria dipped below the 4,000 megawatts mark on Tuesday. The total generation in the country stood at 3,958.7MW as of 6am on Tuesday, down from 4,270.7MW on Monday, according to data obtained from the Nigerian Electricity System Operator. On Monday, the peak generation stood at 4,611MW, while the lowest generation was 3,732.1MW, the NESO data showed. The total energy generated on Monday was 100,974.45MW, out of which 99,272.98MW was sent out. Although the NESO data did not state the cause of the decline in generation on Tuesday, gas and transmission constraints are the major challenges facing power stations in the country. Eko Electricity Distribution Company, in a goodwill message to its customers celebrating this year...

Why Fire Razed INEC Office in Udenu LGA, Enugu – Police

15May

By Obiajulu Joel NwoluNo Comments

Elections, News, Nigeria, Power

Why Fire Razed INEC Office in Udenu LGA, Enugu – Police

The Nigeria Police Force, Enugu State Command has said the fire incident at the Independent National Electoral Commission, INEC, office in the Udenu local government area of the state was caused by a power surge. This was disclosed in a statement issued by the Force Police Public Relations Officer, ASP Daniel Ndukwe on behalf of the Commissioner of Police. Governor Ifeanyi Ugwuanyi visited the scene where he took a brief from the INEC Electoral Officer in charge of Udenu LGA, Dustan Eke, to ensure effective intervention of the newly constructed fire service stations in Udenu and Igbo-Eze North Local Government Areas, as well as the one in Nsukka LGA. The governor charged the security agencies to ensure the safety of the lives and property of residents of the area. The statement...

Ugandan Opposition Leader and Musician, Bobi Wine, arrested

15Mar

By Chinedu IbeakanmaNo Comments

Africa, Power, Uganda, Youths

Ugandan Opposition Leader and Musician, Bobi Wine, arrested

Security operatives in Uganda have arrested the country’s main opposition figure, Robert Ssentamu popularly known as Bobi Wine. Bobi Wine had last week called on Ugandans to “rise up peacefully and unarmed” in protest against President Yoweri Museveni, who has ruled the East African country for nearly four decades. He was arrested during the protest when he led members of parliament against the torture of his supporters, according to a tweet posted on Monday by the administrators of his verified Twitter handle. “Bobi Wine arrested as he led MPs and other leaders in a peaceful protest against the abduction, torture and murder of his supporters. The protest was taking place at City Square, Kampala. ~ ADMIN,” the tweet stated. Museveni won a sixth term in office in January with 58...

Atiku Supports Privatisation of Refineries, Other Govt Assets

21Feb

By Obiajulu Joel NwoluNo Comments

Finance, Infrastructure, News, Nigeria, Petroleum, Power

Atiku Supports Privatisation of Refineries, Other Govt Assets

Atiku Abubakar, former Vice President of Nigeria has lent his voice to the Federal Government’s plan to privatise some of its assets. Among the assets to be privatised are the country’s refineries, the International Conference Centre in Abuja, Yola Electricity Distribution Company, Zungeru Hydro Power, Tafawa Belewa Square, among others. It is expected that around N493.4bn will be generated from the sale of the assets which were classified under energy assets, industries and communication department, as well as development institutions and natural resources. The presidential candidate of the Peoples Democratic Party (PDP) in the 2015 presidential election disclosed this in a statement ‘Privatisation of Refineries and Other Assets: Better Late Than Never.’ He urged the Federal G...

FG Expends N50bn Monthly for Electricity Subsidy – Power Minister

17Feb

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

FG Expends N50bn Monthly for Electricity Subsidy – Power Minister

The Federal Government has been expending N50bn monthly for the subsidy of electricity supply across the country, the Minister of Power, Sale Mamman, has said. Mamman said the subsidy was occasioned by the constant complaints by poor Nigerians over the unavoidable and periodic increase in the cost of electricity. He said the Federal Government provided the funds to make up for the shortfall by the power distribution companies who had been unable to meet up with the cost of bulk electricity supplied to them by the generating companies. He went on to note that the subsidy had now decreased by half, but still constituted a serious drain on the nation’s economy following a minor increase in the tariff regime. This was contained in the power minister’s speech while receiving in his ...

Makinde’s Alleged Move to Dump PDP Untrue – Aide

9Feb

By Chinedu IbeakanmaNo Comments

Nigeria, Power, Press Statement

Makinde’s Alleged Move to Dump PDP Untrue – Aide

The Chief Press Secretary to Governor Seyi Makinde of Oyo State, Mr. Taiwo Adisa, has described the viral news report that the governor is set to dump the Peoples Democratic Party as another falsehood being contrived by some enemies of progress. Adisa described the rumour as “a concocted falsehood from purveyors of fake news, who are bent on maligning the governor at all cost.” He maintained that the governor had no plan to defect to another party. According to him, the governor has remained a strong pillar of the PDP for many years and is already leading the mission for its resurgence in the South-West. Adisa said, “There is a concocted lie doing the rounds about Governor Seyi Makinde of Oyo State planning to dump the PDP. “This is the latest in the rounds of false reports ...