Government intends to impose penalties on underperforming Distribution Companies (Discos) to address outages
Power distribution companies in the Nigeria Electricity Supply Industry that fall below specified standards will face a 50% reduction in their operating expenditures, as...
Tinubu has officially endorsed the revised Electricity Act bill, making it law
President Bola Tinubu has officially endorsed the Electricity Act (Amendment) Bill, 2024, into law, as disclosed by his Special Adviser on Media and Publicity,...
NNPCL has granted concessions for 36 oil blocks to IOCs and other entities
The most recent data from the Nigerian National Petroleum Company Limited reveals that no fewer than 36 oil blocks are currently under concession to...
Adelabu highlights that power firms are being impacted by unpaid debts and a shortage of gas
The Minister of Power, Bayo Adelabu, cited outstanding debts and insufficient gas supply as key factors hampering the optimal operation of power plants.
During his...
Nigeria and Morocco expedite discussions on a $30 billion gas pipeline
The Nigerian government has escalated talks with Morocco to expedite the Final Investment Decision on the $30 billion Nigeria-Morocco Gas Pipeline.
Discussions between the Minister...
