Axxela’s Pioneer GCEO, Bolaji Osunsanya, retires; Board names Ogbemi Ofuya as new GCEO
... Osunsanya to collaborate with Ofuya until December 2024, to finalize Axxela’s ongoing enterprise reorganization Oredola Adeola Bolaji Osunsanya, outgoing Chief Executive Officer of Axxela Limited, has officially retired after…
Full privatization of Port Harcourt, Kaduna, Warri refineries underway – Presidency
Oredola Adeola The Special Adviser on Media and Public Communications to President Bola Tinubu, Sunday Dare, has confirmed the government’s plan to fully privatise Nigeria's oil refineries. Dare…
NNPC claims 1.8million bpd crude oil figure represents October peak production, not average output
... aligns with NUPRC’s 1.54mbpd average for the period under review "NNPC working closely with relevant stakeholders to boost production to 2mbpd, above by the end of 2024" says Soneye…
KEDCO regrets poor market performance, blames lack of grid supply during September-October 2024 billing cycle
... sees steady improvement in financial, business performance following restoration of power supply to 85% on November 14 …appeals for prompt payment of outstanding bills Oredola Adeola Kano Electricity Distribution…
Electricity DisCos report ₦54.22 billion revenue shortfall in September 2024 due to collection inefficiencies
... as Ikeja Electric leads, records 96.75% in collection efficiency ... Kano DisCo underperforms with 20.83% recovery efficiency, collects ₦3.07bn out of ₦14.95bn billed Oredola Adeola In September 2024,…
VP Shettima led-NEC sets up National Electrification Committee to tackle grid collapses, implement power strategy
...Cross River Governor Bassey Otu to lead committee Oredola Adeola The National Economic Council (NEC) has set up a National Electrification Committee, chaired by Cross River State Governor Bassey Otu,…
For the 3rd time in 2024, vandals attack TCN’s Ahoada-Yenagoa 132kV Line in Bayelsa, steal one-third of 250mm conductors
... disrupt ongoing repairs of Ahoada-Yenagoa 132kV Line In a similar incident, vandals attack 31 towers along 330kV Benin-Egbin, Benin-Omotosho transmission lines Oredola Adeola For the third time in 2024,…
Ademola Adigun/Engr. ChiChi Emenike, Ifeoma Finnih/Ahmad Damcida clash over global climate agenda: Pathway to development or threat to Africa’s energy sovereignty?
Oredola Adeola At the recently concluded Energy Sustainability Conference organized by the Energy Institute, experts fiercely debated the impact of the global climate agenda on Africa's development and energy sovereignty.…
NNPC, partner ramp up Utapate crude oil production from 28,000 bpd to 40,000 bpd between May, November 2024
... targeting 50,000 bpd by January 2025, 60,000-65,000 bpd by June 2025, 80,000 bpd by end of 2025 ... crude blend hits global market with five cargoes to Spain, US…
Lagos seeks NUPRC’s support for adequate gas supply, favourable pricing to boost state-owned power generation
NUPRC, LASG to set up a joint team on viability of the appeal Oredola Adeola The Lagos State Commissioner for Energy, Biodun Ogunleye, has urged the Nigerian Upstream Petroleum Regulatory…
