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 […]

Major shake-up in NNPC sees redeployments, new appointments confirmed [Full list]

The Nigerian National Petroleum Corporation (NNPC) on Sunday announced new redeployments and appointments. This was confirmed in a statement signed by NNPC’s spokesman, Kennie Obateru. Obateru said the Group General Manager, Crude Oil Marketing Division (COMD), Mr. Adokiye Tombomieye, has been appointed the new Chief Operating Officer (COO), Upstream. The Managing Director of the Nigerian […]

BREAKING! Major shake-up in NNPC, managers redeployed, new appointments announced

…As Ewubare, Sa’id retires In a major shake-up announced on Sunday, the Nigerian National Petroleum Corporation (NNPC) said it has made new appointments and redeployments, in a move to strengthen and reposition it for greater efficiency, transparency and profitability. NNPC Spokesman Dr Kennie Obateru, who made the revelation in a statement, said that Mr Adokiye […]

Tariff hike: NERC’s silence won’t stop implementation July 1 – DISCOs

The Electricity Distribution Companies, DISCOs, said yesterday that they have resolved to continue with the implementation of the upward review of the electricity tariff slated to take off   on July 1, 2020, despite unusual silence   from the Nigerian Electricity Regulatory Commission, NERC, over the issue. The DISCOs in a statement by their umbrella body, the […]

Nigeria’s crowded regulatory oil space could deter investors

As lawmakers in the 9th Assembly plow through the Petroleum Industry Governance Bill (PIGB) determined to pass it before the end of June, the desire to muddy an already cluttered regulatory space should be tempered with the understanding of the wilting impact it has on the regulated and the sector Operators say a crowded regulatory […]

Nigeria: NERC to Sanction DISCOs for Infractions

The Nigerian Electricity Regulatory Commission (NERC), on Tuesday, said it had issued notices of intention to commence enforcement action against seven Distribution Companies (DisCos) for overbilling consumers. The commission, in a tweet, said the DisCos failed to comply with Order 197/2020 on capping of unmetered Residential 2 (R2) and Commercial 1 (C1) electricity customers. It […]

NERC increases cost of meter, blames exchange rate

Nigerian Electricity Regulatory Commission (NERC), has further increased the price of the asset to N82,855.19 for three phase and N44.896.16 for single phase meters. This is despite that stakeholders have decried the poor implementation of the Meter Asset Providers (MAPs) policy. While the prices were N36,991 for single phase and N67,055 a memo obtained by […]