Category: Energy

Tinubu names Amachree as Director, Energy Security

Aminu Imam
Director Amachree

President Tinubu appoints Wike’s ally, Ojukaye Amachree, as the new Director of Energy Security Directorate within the Office of the National Security Adviser (ONSA). According to a statement by ONSA’s Head of Strategic Communications, Zakari Mijinyawa, Amachree’s appointment was part of the government’s commitment to ensuring a stable, sustainable, and secure energy supply for all Nigerians. The Energy Security Directorate, a newly created unit in ONSA, is tasked with coordinating policies, protecting critical infrastructure, managing data, providing security coordination, offering risk advisory services, and building strategic alliances within Nigeria’s energy…

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FG unveils new electricity policy

Aminu Imam
Electricity grid

The Federal Government, on Tuesday, unveiled the draft of the National Integrated Electricity Policy and Strategic Implementation Plan, (NIEP-SIP). The policy aims to address the pressing challenges within the Nigerian Electricity Supply Industry and set the nation on a path toward a robust, sustainable, and inclusive power sector. Speaking at the presentation event yesterday in Abuja, the Minister of Power, Adebayo Adelabu, described the policy as “critical in our nation’s journey toward achieving a robust, sustainable, and inclusive power sector that meets the aspirations of all Nigerians”. The NIEP-SIP is…

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MTN Nigeria others get permits to generate electricity

Aminu Imam
MTN to generate electricity

The Nigerian Electricity Regulatory Commission, (NERC), has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Ltd and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the Commission, Golden Penny Power Ltd got a licence to build six off-grid gas plants in Lagos, Oyo, Ogun, and Cross River States. The total capacity is 100MWs. Also, MTN Nigeria was granted…

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Just In! MTN, others get permits to generate electricity in Nigeria

Aminu Imam
MTN(0)

The Nigerian Electricity Regulatory Commission, (NERC), has issued permits to MTN Communications Nigeria Limited, Golden Penny Power Limited, Havenhill Synergy, and others for mini-grid electricity generation. According to the Commission, it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. The NERC said that the MTN was granted a permit to build four captive generation plants across Lagos State with 15.94MW capacity. Aside from MTN, SweetCo Foods Limited, African Steel Mills Nigeria Limited, West African…

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?angote/NNPC rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn

Aminu Imam

Nigeria’s importation of petroleum from Malta has skyrocketed 43 folds, amounting to $2.08 billion in 2023, a development amidst the ongoing rift between the ?angote Group and the Nigerian National Petroleum Company Limited, (NNPCL). Data sourced from Trade Map, a global database on international trade statistics showed Nigeria imported petroleum oils and oils obtained from bituminous minerals worth $ 2.8 billion in 2023, a 342% increase, from $47.5 million as of 2013. Between 2013 and 2016, import values fluctuated. There was a peak in 2015 at $117.01 million, followed by…

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Again, National Grid suffers another major collapse

Aminu Imam
National Grid collapse

…Worsens FG’s 20hr power target Nigeria’s National grid has suffered yet another collapse of this year, leading to a significant drop in electricity generation to just 0.80 megawatts, (MWs). The power grid collapse, the fourth time in 2024, is occurring amid ongoing furore over the hike in electricity tariff for premium consumers. The electricity grid, on February 4, collapsed for the first time in 2024. Also, the country suffered another nationwide blackout following the collapse of the National Grid on March 28, and again on April 15. While the Federal Government…

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Senate Investigates Mambilla Hydro-electric Power Project

Aminu Imam
Senate chambers

…Passes North-Central Development Commission bill Mambilla hydro power projectThe Senate has launched an investigation into transactions in the Mambilla Hydroelectric Power Project from 1999 till date. The resolution was adopted yesterday, after a Motion moved Senator Manu Haruna, representing Taraba-Central in the Senate, on the urgent need to address the challenges of commencing the project. Lawmakers highlighted the failure of previous governments to prioritise the national project with its capacity to generate 3050 megawatts, and reposition the Ajaokuta Steel Complex with $1.7bn. The upper chamber also resolved that in reviving…

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Electricity: DisCos hikes tariff again for Band-A consumers; blame high operational costs

Aminu Imam
DisCos tariff hike

…Customers to now pay N209.5/kwh from N206.80/kWh? Distribution Companies (DisCos) yesterday approved an increase in tariffs for better-off consumers who use the most power as mounting frustration plies over services and rising electricity bills. This is the second hike in electricity prices this year, placing a further strain on businesses and industries that rely heavily on power. Acting Managing Director, of Ibadan Electricity Distribution Company Plc, Francis Agoha, stated that the Nigerian Electricity Regulatory Commission (NERC) approved the tariff increase from N206.80/kWh to N209.50/kWh for users in the Band-A category.…

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‘Nigeria  under-declaring crude oil figures’ – Investigation

Aminu Imam
Crude oil figures

…As OPEC, oil traders dispute NNPCL’s figures Nigeria’s actual crude oil production figures are far above the official figures declared monthly by the supervising ministry and the two agencies saddled with the task of overseeing the nation’s upstream oil and gas sector, Business Hallmark findings have revealed. Month after month, the trio of Ministry of Petroleum Resources, Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have officially supplied Nigeria’s daily and monthly crude oil production figures to the Organisation of Petroleum Exporting Countries (OPEC)…

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Crude oil: ?angote accuses IOCs of manipulating prices, frustrating refinery’s survival

Aminu Imam
Dangote accuses

Vice-President, Oil and Gas, at ?angote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of ?angote Oil Refinery and Petrochemicals. Edwin said the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price above the market price, thereby forcing it to import crude from countries as far as United States, with its attendant high costs. Speaking to a group of energy editors at a one-day training programme, organised by…

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