Barely one week after the new tariff regime which increased electricity tariff by 231 percent for category A consumers, there are indications that the electricity supply capacity is grossly inadequate to meet the 20 hours per day minimum benchmark for the new tariff while accommodating other category of consumers. The 11 Electricity Distributi...
Major stakeholders in the hospitality business in Delta State have blamed the epileptic power supply, particularly in the Uvwie, Warri, Sapele, Ughelli, and Udu areas of the state, on power racketeering among officials of the Transmission Company of Nigeria (TCN) and BEDC Plc. They alleged that some officials of TCN and BEDC are selling and [&...
The major downstream marketers under the aegis of the Major Energies Marketers Association of Nigeria, (MEMAN), have said that the country’s petroleum products distribution and supply chain may face more challenging complexities going by current foreign exchange market intricacies. The Executive Secretary of the Association, Clement Isong spok...
The Ibadan Electricity Distribution Company, IBEDC, has disconnected power supply to University College Hospital, UCH, in Ibadan, Oyo State, because of electricity debt, amounting to more than N400 million. Checks indicated that supply was cut a few days ago following the inability of UCH Ibadan to settle its debts, reports Saturday Vanguard. ...
•Prepaid meters The poor electricity situation nationwide has worsened with the decline of power supply to the national grid. Many communities across the length and breadth of the country have since last month been experiencing low energy supply and in some instances, outright blackouts, reports The Nation. Yesterday, the Transmission Company ...
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. [&he...
•Dangote Refinery The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the refinery and executives of IPMAN. Last week Monday, it was reported that IPMAN had scheduled a meeting with the management of...
•Dangote Refinery The Dangote Petroleum Refinery, yesterday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. “Dangote refinery appears set to commence production of refined petroleum products with the ...