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 […]

UN puts Nigeria’s electricity access rate at 57%

fewer than 110.7 million Nigerians out of a 195.8 million estimated population had access to electricity as of 2018, according to the latest global energy progress report. This represents a 57 per cent national electricity access rate compared with the global average of 90 per cent, says the report launched at the United Nations on […]

New NNPC board: Still unclear who chairs corporation

Lack Of Properly Constituted Board Breaches NNPC Enabling Law-Adefulu Though the Nigerian National Petroleum Corporation (NNPC) Act as amended in 2007 provides for the appointment of nine persons to the Board, President Muhammadu Buhari, yesterday, named six members, leaving the public, including the Ministry of Petroleum Resources, as well as NNPC with the need for […]