NERC: Estimated Bill Threat to Power Sector Survival

The Nigerian Electricity Regulatory Commission (NERC) has said that the practice of estimated billing by electricity distribution companies (Discos) is a threat to the country’s power sector, just as it stressed the need to end the exercise.NERC’s commissioner responsible for legal, licencing and compliance, Mr. Dafe Akpeneya stated this in a recent roundtable conversation on […]

NUPENG urges government to implement national reforms

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has urged the government to proactively rededicate itself to complete and total implementation of national reforms. The oil workers said this is important not only in the petroleum sector but also in the entire economy to achieve a faster economic breakthrough. NUPENG, in its 2020 […]

Nigeria: Buhari Appreciates Nigerians for Patience, Urges Use of Gas As Alternative to Petrol

Mr Buhari directs the Minister of State Petroleum Resources to commence the handover of mass transit buses to Organized Labour. President Muhammadu Buhari Tuesday in Abuja appreciated Nigerians and Organized Labour for restraint, understanding and patience as the country tackles myriad economic challenges, assuring that the Federal Government is working hard to ameliorate the situation. Speaking at […]

Panel to meet DisCos on electricity tariffs

Talks between the Federal Government and Labour on electricity tariffs increase will resume next week, Minister of State for Labour and Employment, Festus Keyamo (SAN), said on Thursday. The seven-man technical sub-committee set up to review the increase in electricity tariffs will meet with power Distribution Companies (DisCos) and electricity consumers across the six geo-political […]

Nigeria: Senate Gives Committees Two Months to Work On PIB

The Senate yesterday gave three of its committees namely: Petroleum Downstream, Petroleum Upstream and Gas, eight weeks to make required legislative input into the Petroleum Industry Bill (PIB). The bill cited as ‘A Bill for an Act to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry, the development of host communities […]

Rivers, Bayelsa governors clash over Soku Oil Well

RIVERS and Bayelsa states have renewed their hostilities over the ownership of the Soku oil fields in Akuku-Toru Local Government Area and the revenue accruing from it. Bayelsa Governor Douye Diri faulted the payment of the revenue from the Oil Well to Rivers despite the state’s appeal against a judgment ceding the resource to Rivers. […]

Nigeria: Unstable Fiscal Regime Stifling Nigeria’s Petroleum Industry – Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector. A statement by the corporation’s Group General Manager, Group Public Affairs, Dr. Kennie Obateru, in Abuja yesterday, stated that […]

Fuel, electricity hike’ll increase Nigerians’ hardship — SSANU

Warns FG over planned peaceful protest The Senior Staff Association of Nigerian Universities (SSANU), Monday, warned that except the Federal Government addresses the recent hike in fuel and electricity tariff, the non-teaching staff in collaboration with the Nigeria Labour Congress (NLC), would engage the government in a peaceful protest across the nation, with a view […]