Federal Government Wednesday admitted that it increased electricity tariff in February after a minor review.

As the energy crisis facing the country deepened at the weekend, power generation companies in Nigeria (GenCos) have attributed low electricity generation to the National Grid to the N1.644 trillion owed them by the Nigerian Bulk Electricity Trading Plc.

By Obas Esiedesa, Abuja Nigeria power generation dropped drastically to 1,145 Megawatts as at 6 pm leaving most parts of the country without electricity supply. Checks by Vanguard on the National Grid performance showed that only 10 of the 24 power generation companies were on the grid. In a related development, the Transmission Company of […]

THE Managing Director/CEO, New Hampshire Capital Limited, Mr. Odion Omonfoman, has described the decision of the National Assembly, to amend the Constitution, thus allowing states to generate, transmit and distribute electricity in areas covered by the National grid, as an excellent development, capable of improving power supply nationwide.

“Seplat Energy is fully committed to working with the Nigerian Government to bring these strategically important national assets fully into Nigerian ownership alongside NNPC..”

The International Oil Company, IOC, stated that, “ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.”

At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market, due mainly to the ongoing Ukraine crisis.

As part of efforts to boost power supply in the country, the Federal government says Nigeria will join other countries of the world to exploit atomic materials for more energy supply.

By Gabriel Enogholase, BENIN Barring any  last-minute changes, a 2,500 barrel per day modular refinery, five megawatts power plant, 40-million-scf gas processing facility, and a data centre, among others, will come on stream in Edo State in March 2022. This, Vanguard gathered, is sequel to the necessary regulatory certifications from the Nigerian Midstream and Downstream […]

sion Company of Nigeria, TCN, said it has taken delivery of fifteen number brand new power transformers from the Apapa port, Lagos, earlier last week.

FRESH indications, emerged, yesterday, that shortage of petrol in the country has worsened as many filling stations decided to shut their doors against motorists and other buyers in Abuja as well as Lagos, Oyo and Ogun states.

By Obas Esiedesa – Abuja The Nigerian National Petroleum Company (NNPC) Limited has named four companies responsible for importing bad petrol into the country which has led to an acute shortage of the product across the country. The companies, the importing vessels and the product origin were listed as: MRS (MT Bow Pioneer LITASCO Terminal, […]

One week after detection of bad petrol in some states of the federation, evacuation is yet to start due mainly to huge volume of the product, logistics and costs to be borne in the process of moving it from depots and filling stations to designated points.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says that a limited quantity of Premium Motor Spirit (PMS), known as Petrol, with methanol quantities above Nigeria’s specification was discovered in the supply chain.

THE present petrol scarcity in some parts of the country is a result of adulterated fuel in circulation, Vanguard investigation has revealed.