FG Exempts GenCos, DisCos, Others From Withholding Tax
The federal government has exempted all electricity companies, including Generation and Distribution Companies (GenCos and DisCos), from paying Withholding Tax,…
Category: Energy
DisCos further raise Band A electricity tariff, blame operating costs
Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due to soaring operational costs.…
Dangote refinery begins gasoil exports to West African countries, as imports from Europe decline
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from European refiners. The $20…
Nigeria Removes 5 Oil Blocks from Licensing Round Due to Legal Issues
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has removed five (5) oil blocks from the ongoing 2024 Licensing Round because…
85 million Nigerians lack access to electricity — USAID
At a conference themed “Powering Nigeria: Mobilizing Private Capital,” Melissa Jones, Mission Director for USAID, highlighted that 85 million Nigerians…
Nigeria’s gas export drops 25% on low output, exits
Nigeria’s gas exports have decreased by 25% to their lowest level in three years, mirroring a similar decline in the…
Salpha Energy gets €25,000 grant for Ashden Award
Salpha Energy has been awarded a €25,000 grant for winning the 2024 Ashden Award for Energy Innovation, supported by the…
Aiteo resumes production at OML 29 in Bayelsa after oil leak shutdown
Aiteo Eastern Exploration and Production Company (AEEPCO) has resumed production at Oil Mining License (OML 29) in the Nembe swamp…
NNPC shifts $700m gas pipeline delivery date to August
The Nigerian National Petroleum Company Limited (NNPC) has postponed the completion date of the $700 million Obiafu-Obrikom-Oben (OB3) gas pipeline…
Dangote accuses IOCs of plotting failure of its refinery
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has accused International Oil Companies (IOCs) in Nigeria…
New Report Says Nigeria’s Liquefied Natural Gas Expansion Drive Faces Severe Future Risks
Nigeria’s ambitious plans to expand its Liquefied Natural Gas (LNG) projects, including the notable Train-7 initiative, face significant risks, according…
Senegal Joins Oil-Producing Countries, Begins Production
Senegal has achieved a historic milestone by officially commencing oil production, thereby joining the ranks of oil-producing countries in West…
Ghana Faces Three-Week Power Interruption Due to Reduced Gas Supply from Nigeria
Ghana’s state-owned electricity company, the Electricity Company of Ghana (ECG), has announced a three-week power interruption due to reduced gas…
Court Stops DisCos, NERC From Hiking Electricity Tariff
A high court in Lagos has issued an interim order preventing ten electricity distribution companies (DisCos) and the Nigerian Electricity…
Germany to Scrap Gas Storage Fee for Neighboring Countries
Germany is removing a fee it charged neighboring countries for accessing its natural gas reserves. This levy, implemented during the…
EU agrees to quit energy investment treaty over climate concerns
The European Union (EU) has unanimously decided to withdraw from the Energy Charter Treaty (ECT), a move driven by concerns…
TotalEnergies Snubs Nigeria Again, Invests $600 Million in Congo’s Oil Industry
French oil giant TotalEnergies has passed over Nigeria for a second time, opting to invest $600 million in the Republic…
Electricity: Most DisCos are technically insolvent— NERC
During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Engr.…
GoSolr to enhance solar-generation capacity in South Africa
GoSolr, a South African company, plans to increase its solar-generation capacity to 500 megawatts in the next four years, up…
Tariff increase to worsen economic instability — private sector
The Organised Private Sector (OPSN), composed of prominent Business Membership Organisations (BMOs), has raised alarm over the recent surge in…
FG Clarifies Recent Electricity Tariff Hike
The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small, affluent portion of the…
FG begs electricity union to avoid strike
The Federal Government has urged members of the National Union of Electricity Employees (NUEE) not to go on strike in…
FG targets 6,000 megawatts of electricity in 6 months
Nigeria’s Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000 megawatts (MW) of…
20hrs Supply: DisCos post 37 apologies to Band A customers In 1 week
Following the Nigerian Electricity Regulatory Commission’s (NERC) recent increase in electricity tariffs for Band A customers, electricity distribution companies (DisCos)…
Government expects 1.5trn savings, more meters with electricity tariff hike
The Federal Government has announced that it expects to save a significant amount of money this year following the recent…
Tariff Hike: NSE seeks stiff sanctions for defaulting DISCOs
The Nigerian Society of Engineers (NSE) has urged for strict penalties on electricity distribution companies (DisCos) that fail to provide…
Testing begins on 700 megawatts zungeru hydroelectric power plant
The Federal Government has announced the commencement of testing on the 700 megawatts Zungeru Hydroelectric Power Plant, located in Niger…
Power outages hit Abuja, Lagos, and Nasarawa communities
Several communities in Abuja, Lagos, and Nasarawa are currently experiencing power outages as a result of technical glitches affecting transmission…
NERC announces tariff hike impacting over 1.9 million consumers
The Nigerian Electricity Regulatory Commission (NERC) has revealed that a total of 1,974,385 electricity consumers will be affected by its…
Electricity tariff hike looms as FG raises gas price
The Federal Government has announced an increase in the price of natural gas for power generation companies, signaling a potential…