Energy

The Transmission Company of Nigeria (TCN) on Thursday said it has successfully recovered the National electricity transmission grid and normal transmission of electricity restored in less than 24 hours. MIn a statement on Thursday, Mba said: “The TCN restored bulk power to all the 330kV Transmission Stations across the entire…

The Africa Network for Environment and Economic Justice (ANEEJ) has written to the Archbishop of Canterbury and other leaders of the Church of England to withdraw their support for the Shell’s climate and energy plan at the company’s 2021 annual general meeting. The Executive Director of ANEEJ, David Ugolor, who…

The Transmission Company of Nigeria (TCN) on Wednesday appealed to electricity consumers to remain while iys officials work to recover a total system collapse of the national grid which it confirmed occured at about 11.01 am, May 12, 2021. Spokesperson of the TCN, Ndidi Mba said the collapse was as…

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Corporate Affairs Commission (CAC) are to constitute a joint coordination committee on beneficial opwnership policy of the global extractive industries transparency initiative. The committee’s role would be to identify, document  and disclose the real owners of Nigeria’s oil, gas and mining  assets under the country’s…

The rehabilitation and construction works have commenced in earnest on the rehabilitation of the Port Harcourt Refinery, as the Nigerian National Petroleum Corporation (NNPC) restates commitment not to fail Nigerians. The Group General Manager, Group Public Affairs Division of the NNPC, Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries…

The strong performance of Transnational Corporation of Nigeria Plc across all its operational portfolios reflected in the over 2,427 percent profit level recorded in the first quarter of 2021. At the Group’s 15th Annual General Meeting (AGM) held in Abuja on Monday, a statement by the company said Tuesday, shareholders…

Nigerians should brace up for an imminent hike in electricity tariffs in the country despite a statement by the Minister of Power, Sale Mamman, to the contrary. On Friday, the Minister issued a statement he signed personally urging consumers to dismiss rumours of an imminent “major hike in electricity tariff.”…

Revenue projections contained in the letter to the Accountant General of the Federation (AGF) which leaked in the media this week not a reflection of the true financial health of the Nigerian National Petroleum Corporation (NNPC), its management clarified on Friday. Rather, it pertains only to the  revenue stream  to…

The execution of the West African Power Pool (WAPP) priority projects are making steady progress, the Executive Board of the regional power project has said. At the end of the 49th meeting of the Board in Cotonou, the Republic of Benin on April 17, 2021, the WAPP Chairman, Sule Abdulaziz,…