Nigeria’s Power generation hits all-time peak of 5,520.40MW

The Nigeria’s power sector has recorded yet another national peak generation of 5,520.40MW. The peak, a statement by the Transmission Company of Nigeria (TCN) read, was recorded on 30th October, 2020 at 9.15pm, surpassing the previous 5.459MW recorded on 28th October, 2020 by 60.90 MW. “The new national peak is a result of continued collaboration among players and the gradual increase in capacity in the power sector. “On her part, with the current capacity of 8,100MW, TCN seamlessly transmitted the new peak at a frequency of 50.11Hz. through the nations…

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Ikeja Electric begins 106,000 prepaid meters distribution

  Ikeja Electric restates its commitment to bridging the metering gap by supplying meters to all its customers The Ikeja Electric, leading electricity suppliers to Lagos, Nigeria’s commercial capital, on Friday, October 30, 2020, began the distribution of 106,000 prepaid meters to customers across its six Business Units – Ikeja, Abule-Egba, Akowonjo, Oshodi, Ikorodu and Shomolu. The company, which declared this during the flag off of the National Mass Metering Programme (NMMP) in Okota area of Lagos, stated that the metering initiative approved by the Nigerian Government “is designed to…

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NO WAY! Soldiers deny #ENDSARS judicial panel access to military mortuary

  Soldiers have barred the Lagos judicial panel on #EndSARS from assessing the Mortuary of Military Hospital in Ikoyi The men of the Nigerian Army who are manning the gate of the mortuary stopped the panel, which unannounced, on Friday went to the hospital on investigation into the shooting at Lekki tollgate where 15 protesters were reportedly killed, a report by The Cable read. Ebun Adegoruwa, a member of the panel, who confirmed this, reportedly told soldiers, who stopped them at the gate, that the panel came to the hospital…

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NTA Senior Journalist, Tunde Saiki, dies inside Lagos Office + PHOTO

A senior journalist with the Nigerian Television Authority (NTA), Mr. Tunde Saiki, is dead. Chairman of Nigerian Union of Journalists (NUJ), Lagos Council, Dr. Qasim Akinreti, who confirmed Saiki’s death, noted that the senior journalist died at the Victoria Island, Lagos Office of the Television station on Friday morning. “Dear colleagues, we just lost one of our members in NTA Victorial Island chapel , Mr. Tunde Saiki . “According to the text message from the NTA Chapel chairman, Tunde died in the office this morning and his corpse deposited at…

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EKEDC rolls out 100,000 pre-paid Meters, says better days ahead

  Leading power utility firm in Nigeria, Eko Electricity Distribution Company (EKEDC), has rolled out 100,000 pre-paid meters for electricity consumers under its areas of franchise in the first phase of National Mass Metering Programme (NMMP). Managing Director and Chief Executive Officer of the company, Engineer Adeoye Fadeyibi, who stated this during the flag off of NMMP, declared that with the scheme, “we can begin to say we are on a path to better days ahead.”   This is because, according to Fadebiyi, in the “next 18-24 months, Over 6…

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Apprehension as Tanzania opposition rejects election result

Opposition candidate in the Tanzanian Presidential Election, Tundu Lissu, has described election in the country as ‘spitting in the face of democracy.’ Tanzania’s main opposition presidential candidate, Tundu Lissu, on Thursday declared he would not recognise the election result as key seats fell to the governing party in a vote he said was marred by irregularities. Counting was taking place across Tanzania and its semi-autonomous archipelago Zanzibar – which also elects its own president and legislators – where early results showed the opposition losing seats in some traditional strongholds. President…

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ExxonMobil slates 14,000 Workers for Mass Sack

Exxon Mobil Corporation has announced that it would reduce its global workforce by 14,000 being the 15% of the workforce by the end of 2022. The announcement of this unprecedented culling by North America’s biggest oil explorer was made on Thursday, October 19, 2020 as the coronavirus pandemic hits energy demand, prices, and struggles to preserve dividends. . ExxonMobil said on Thursday that it will cut around 1,900 jobs in the United States in its latest attempt to cut costs and protect its balance sheet amid low oil prices and weak global…

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How Truck Crushed 21 Nigerian school pupils, others to death

  Tears flowed freely in Awgu town, Awgu Local Government Area of Enugu State, Sourh East Nigeria as a truck crushed 21 school pupils to death. Many other children including roadside artisans were also critically injured in the accident. The schoolchildren were crushed to death when an articulated vehicle, a low-bed, ran into a fully-loaded 608 Mercedes Benz bus conveying school children and their teachers. The Federal Road Safety Corps (FRSC), yesterday, confirmed that no fewer than 21 persons lost their lives in the auto crash on the old Enugu–Okigwe…

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Nigeria, DisCos begin 6m pre-paid meters’ distribution

  The Nigerian government and electricity distribution companies (DisCos) have begun the new metering scheme which is targetted at 6 million customers. The Government and the organized labour have earlier agreed to provide a tariff relief of N10.20 per kilowatt-hour for Nigerians for the next 3 months and also distribute 6 million meters following the completion of the 2 weeks suspension of electricity tariff. Platforms Africa gathered exclusively that the metering will begin on Friday, October 30, 2020 with a pilot scheme slated to take place at Eko Electricity Distribution…

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ExxonMobil embargoes Dividend increase first time in 18 Years

The United States energy giant is expected to begin jobs, costs’ cutting. ExxonMobil (NYSE:XOM) has failed to raise its dividends for the first time in 18 years. The oil giant just did what it hasn’t done in 18 years, a report by The Motley read. The company kept its dividend at $0.87 per share, the first time since 2002 it failed to increase the payout during a calendar year. The decision doesn’t put ExxonMobil’s status as a Dividend Aristocrat in jeopardy yet. That’s because its total 2020 dividend payments will still be…

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