Category: Energy

EKEDC goes tough on saboteurs, prosecutes three for fraud, impersonation

Damola Oyede

Eko Electricity Distribution Company (EKEDC), one of the leading power utility firms in Nigeria, Africa’s most populous country, has gone tough on saboteurs as it began the prosecution of three persons over offenses bothering on fraud, conspiracy and impersonation. The three persons were arraigned before Magistrate A. A. ADESANYA of the Ojo Magistrate Court on Thursday 9th July 2020 on a four-count charge of conspiracy to commit fraud, impersonation, forgery and tampering with electricity installations within the Ojo District of EKEDC. The three, identified as Magnus Obinali a cleaner within the Ojo District;…

Read More

NNPC: Remittances to Nigeria’s Coffers hit N1.7trn In One Year

Efe Wellington

  The Nigerian National Petroleum Corporation (NNPC) paid a whooping N1.7 trillion to the country’s Federation Account Allocation Committee (FAAC), between February 2019 and February 2020. The national oil company, which said this in its Monthly Financial and Operational Report (MFOR) for April, 2020 obtained by Platforms Africa, revealed that it recorded a total export of $370.69 million in February, a decrease of 14.75 per cent compared to the previous month. It added in a statement by its spokesperson, Dr. Kennie Obateru, that crude oil export sales contributed $281.14 million…

Read More

Nigerian Court remands Mother, Daughter in Prison over Energy theft on Ikeja Electric Network

Damola Oyede

  A Nigerian Court has remanded a mother and her daughter in prison pending the perfection of their bail conditions over alleged energy theft on the network of Ikeja Electric, one of the two utility companies that connect Lagos – Nigeria’s commercial capital – to the grid. The two, who, according to a statement made available to Platforms Africa by Ikeja Electric, are residents of Fatokun Street in Abule Taylor, Off Abeokuta Expressway, Lagos, were arraigned before Ogba Magistrate Court. The duo of Latefat Shofidiya, 65 and Ekundayo Taiwo, 40…

Read More

COVID-19: Nigeria’s biggest power plant, Egbin Power reacts as employee’s newborn dies

Damilola Olonade

  Newborn of our staff dies from post-delivery, not COVID-19 complications – Egbin MD   Egbin Power, one of Africa’s largest thermal electricity generation companies, has denied report that a newborn by one of its staff died on its premises due to COVID-19 protocols. Acting Chief Executive Officer of the plant that provides a quarter of Nigeria’s total power generation, Paul Harriman, declared in a statement to Platforms Africa that though the newborn of one of its staff died due to post-delivery complications outside the facility, the death has nothing…

Read More

Polaris Bank, Pan Ocean’s feud over N240bn loan degenerates + AMCON’s OML 147 takeover

Tim Bauer

  The feud between Polaris Bank-led consortium of lenders and Pan Ocean group over N240 billion loan has degenerated with Asset Management Corporation of Nigeria (AMCON’s) takeover of Pan Ocean Oil Gas company with all its assets inclusing Oil Mining Lease (OML) 147. Pan Ocean had accessed funding for the project from the consortium of banks led by Polaris Bank Limited (Former Skye Bank Plc) for the development and production on Oil Mining Lease (OML) 147, which came from OPL 275 in 2014. OML 147 is expected to attain peak…

Read More

EKEDC underscores top service delivery, begins new tariff

Lukman Olasunkanmi

The Eko Electricity Distribution Company (EKEDC), a top power utility firm in Lagos, Nigeria’s commercial nerve centre, has underscored top service delivery as it announced that customers that have more supply would pay more for power consumed from July 1, 2020. The company, which stated this in a statement sent to Platforms Africa, noted that this new service reflective tariff is in line with  regulatory policies aimed at improving service delivery. The review, the statement issued by EKEDC’s spokesman, Godwin Idemudia – an accomplished corporate communication veteran – read, is…

Read More

How Nigerian electricity customers will be billed in new tariff regime – Ikeja Electric

Damola Oyede

  Ikeja Electric, a leading power utility firm in Nigeria, Africa’s biggest economy, has given details of how electricity customers on its network would be billed in new tariff regime which is slated to begin on July 1, 2020. The utility firm declared this in a statement made available to Platforms Africa, maintaining that the new tariffs, which are Service reflective, are end-user rates to be paid for electricity based on the level of service (including availability and reliability) provided to a cluster of customers. This, the statement issued by…

Read More

How NNPC’s gas output surged to 218.37bn bcf in March

Efe Wellington

  The Nigerian National Petroleum Corporation (NNPC) has given details of how its natural gas production peaked at 218.37billion Cubic Feet (BCF) in March 2020 despite heavy burden novel Coronavirus placed on global oil and gas industry at the period. The output translated to an average daily production of 7493.65Million Standard Cubic Feet (mmscfd). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, a release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated. The release said 3,119.89BCF of gas was…

Read More

Power market’s debts profile to NDPHC hits N190bn

Efe Wellington

  The total debts profile of the Nigeria’s electricity market to the Niger Delta Power Holding Company (NDPHC) has hit N190 billion. Managing Director of the NDPHC, Chiedu Ugbo, who said this during a presentation at the Senate hearing on power, declared that the N190 billion debts has become one of the challenges hampering the growth of the power market. Despite the challenge posed by the debts, the NDPHC is still working assiduously to deliver on its mandate, Ugbo said.   Stating that the firm’s output is also being hampered…

Read More

Ikeja Electric deepens metering target to 520,000 households by 2022

Damilola Olonade

Ikeja Electric Plc (IE), a major utility firm that connects major part of Lagos – Nigeria’s commercial  capital – to the grid, on Monday declared plans to hit 520, 000 mark in metering of its customers by 2022. The company, which stated that it had begun implementation of new price hike for prepaid meters on June 1, added that it had already connected over one hundred and twenty thousand households out of the 520,000 on metering system between 2018 and June 2020. This feat, which the company said is in…

Read More