Category: Business

7th Time In Four Months, National Grid Collapses Again

ADEOLA YUSUF

. Zero MW, Total grid failure plunges Nigeria Into darkness   The National Grid, which is the infrastructure that connects power generation stations to electrical loads throughout the country, has collapsed again, for the seventh time in 2024. The collapse, Platforms Africa reports, occured around 2:42 am on Monday, with generation dropping to 64.70 megawatts. Only one generation company, Ibom Power was active, according to data from the Independent System Operator (ISO), a branch of the Transmission Company of Nigeria, has shown. According to the Platforms Africa, latest data from…

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4 Hrs Supply Daily, Others; Lagos Areas On Band E And What They’ll Face

ADEOLA YUSUF

Nigeria’s media attention has, in the last days, been on Band A customers, who are just 15 per cent of people on DisCos’ network. Platforms Africa, in this solution jounalism series, digs up information on billing, supply hour, average interruptions daily, service voltage level, duration of daily power outages for those on Band E in Lagos, and why they may not rejoice over the latest tariff review     The Nigerian Electricity Regulatory Commission (NERC) recently approved an increase in the electricity tariff, particularly for customers under Band A, a…

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We’ll Work With You Immediately, PETAN Partners NAEC On Oil Output Growth

ADEOLA YUSUF

The Petroleum Technology Association of Nigeria (PETAN) has promised to support the efforts of the Bola Tinubu-led administration toward increasing Nigeria’s oil and gas production for maximum value. The Chairman of PETAN, Mr. Wole Ogunsanya, expressed his association’s resolve in Lagos when the representatives of the Association of Energy Correspondents of Nigeria (NAEC) led by its Chairman, Mr. Ugo Amadi paid a courtesy and familiarisation visit to PETAN on Thursday. The PETAN chairman also assured NAEC of its commitment to consolidating the long-standing relationship existing between the two bodies. He…

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Obasanjo Farm, 27 Other Feeders Downgraded From Band A To E + LIST

ADEOLA YUSUF

The Ibadan Electricity Distribution Company has released the names of erstwhile Band A feeders downgraded to B, C D or E. The Farm Feeder serving the Obasanjo Farm was downgraded from Band A to Band E in the list released by the IBEDC on Saturday. About 28 feeders under the Ibadan DisCo were downgraded in Oyo, Ogun, Kwara and Osun states. According to the list, some areas dropped from 20 hours of daily power supply to zero hour. This, according to the Nigerian Electricity Regulatory Commission, brought about the removal…

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N66 To N225/KwH; Nigeria Hikes Electricity Tariff ‘With Immediate Effect’

ADEOLA YUSUF

. Explainer: Band A, Clear description of those who will pay more!   The Nigerian Electricity Regulatory Commission (NERC) has given approval for an increase in electricity tariffs for customers classified under Band A, who typically enjoy a minimum of 20 hours of electricity supply per day. Band A customers represent approximately 15% of the total 12 million electricity customers in the country. During a press conference held in Abuja on Wednesday, Vice Chairman of NERC, Musliu Oseni, announced that the approved increase will see Band A customers paying N225…

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EKEDC Board Issues Disclaimer On Egeregor’s Publication

ADEOLA YUSUF

The Chairman of Eko Electricity Distribution Company (Eko DisCo), Mr. Dere Otubu has issued a disclaimer on a publication made by a board member, Babor Egeregor. He expressed this in a press statement on Thursday. He said:“The attention of the Board of Directors has been drawn to the recent statements online and print media from Mr. Babor Egeregor, supposedly acting on behalf of the Board. “This is to state that the Board of Eko Electricity Distribution Plc (“EKEDP”) did not and has not authorized Mr. Babor Egeregor to issue any…

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Low Patronage Forces Indomie Price Slash Amid Rising Inflation

ADEOLA YUSUF

The price of Indomie Instant Noodles, a Dufil Prima Foods Limited brand, has reduced because of low demand and sales from cash-strapped consumers in Nigeria. BusinessDay reports some stores across Lagos shows that the price of 70g Indomie Regular Chicken noodles dropped to N250 from N300 last month. While its 40-pack carton of Indomie fell to N10,000 from N12,000. Before Indomie reduced its price, it was higher than other brands like Mimee (N200) and Honeywell noodles (N250). “The price decline is not because of the reduction in the cost of…

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Fourth Time In Three Months; National Grid Collapses Again

ADEOLA YUSUF

The national electricity transmission network, otherwise known as the grid has collapsed again, throwing the entire country into a Blackout. Platforms Africa reports that the national electricity grid managed centrally from Osogbo, Osun State, collapsed around 4:30 pm on Thursday, plunging millions of homes and businesses into darkness. This marks the fourth collapse of the grid in the first three months of the year. Reports from distribution companies (DisCos) across the country’s 36 states indicate widespread blackouts as their feeders became inactive due to the grid failure. With the grid’s…

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EKEDC Appoints Rekhiat Momoh As MD, Tinuade Sanda Back To WPG Ltd

ADEOLA YUSUF

. What NERC got to do with the shakeup + Full statement the utility firm issued on development The management of Eko Electricity Distribution Company (EKEDC) has appointed Mrs Rekhiat Momoh as acting Managing Director. Platforms Africa reports that the erstwhile MD/CEO Dr.Tinuade Sanda is back to WPG Ltd, the core investor who seconded her to Eko Disco. Findings by this leading media group showed that the shakeup was due to an order by the Nigerian Electricity Regulatory Commission (NERC). According to a letter signed by signed by Dere Otubu,…

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Mass Metering Initiative: Tinubu’s Intervention Led To Project Take Off

ADEOLA YUSUF

. Power Minister should be commended for resolving 20-year lingering problem   Contrary to reports that due process was not followed in the mass metering project of Military formations nationwide, which began last week, fresh facts have emerged about the intervention of President Bola Tinubu on the project which began 20 years ago. According to a statement released by Bolaji Tunji, Special Adviser, Strategic Communications and Media Relations to Chief Adebayo Adelabu , Minister of Power, the Federal government had entered a tripartite agreement with Messrs Ziklagsis Network limited and…

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