Green Industrial Vision Complimentary To Oil, Gas Investment Drive – Tinubu

. President Receives Standard Chartered Bank executives President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. Speaking at a meeting on Monday in Abuja with the Group Chief Executive of Standard Chartered Bank, Mr. Bill Winters, the President called for a just energy transition that supports vulnerable communities across the nation. Highlighting the importance of balancing the mutually beneficial shift to green industrial…

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‘No To Darkness,’ Protesters Shut Down IBEDC Office in Ibadan

Ekectricity consumers and customers of Ibadan Electricity Distribution Company (IBEDC) on Monday besieged the office of the utility firm in protest of what they described as “darkness allegedly meted to them by the company. Platforms Africa reports that the IBEDC has since closed their offices to prevent a breakdown of law and order. The protesters who came from Olodo to Iyana Offa in Oyo State took to the streets to protest against what they described as the continuous disconnection by the IBEDC. READ ALSO: ‘Shot Dead,’ American Rapper Killed On…

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Dangote Fingers NMDPRA As Dirty Diesel, Substandard Jet Fuel Flood Nigeria

. Africa’s richest man accuses IOCs of plot to sabotage $20bn oil refinery   Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price above the market price, thereby forcing it to import crude from countries as far as United States, with its attendant high…

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Energy Theft: Nigeria Mulls Electricity Offences Tribunal

The Federal Government said yesterday it was working on establishing an electricity offences tribunal to combat power theft in the country. Speaking at a briefing in Abuja, the Managing Director, Nigerian Electricity Management Services Agency, NEMSA, Aliyu Tahir, who disclosed this, said: “We are working on the establishment of an electricity offences tribunal with an in-built appeal system for faster dispensation of electricity-related offences. It is to vest NEMSA in-house counsel with powers to prosecute electricity offences.” Providing further explanation about the tribunal, Tahir said the initiative would adequately check…

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NNPCL, TotalEnergies Ink $500m Gas Deal

The Nigerian National Petroleum Company Limited, NNPCL and TotalEnergies are working towards investing $550 million to develop a gas processing facility in Rivers State. The aim is to boost exports and domestic supplies. The investment according to reports would include a gas processing plant and a pipeline. The report quoting an unarmed NNPCL source said an announcement would be made this week. The gas processing facility will be built on the Ubeta onshore gas field, jointly owned by Total and NNPC, and will supply gas to the Nigeria Liquefied Natural…

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Aiteo Shuts In 50k bopd OML 29 Production, Blames Oil Leaks

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, confirms it has detected an oil leak at its Nembe swamp facility in OML 29, Nembe Kingdom, Bayelsa State. AITEO in a statement said the leak was reported on Monday, June 17, 2024, during routine operations. “AEEPCO’s Oil Spill and Emergency Response Team was immediately activated and all production from OML 29 shut down.This is a precautionary measure while mobilizing additional resources to contain the spill”, the company said Nembe production is…

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Rains Are Here: 5 Ways To Stay Safe From Electrocution, Hazards

. What EKEDC, IBEDC want customers to know about threats associated with the season It is raining already in many parts of Nigeria. This special weather condition, which signifies the end of heatwaves, comes with attendant threats and opportunities. As a part of Platforms Africa solution journalism series, here is a special report on how to stay safe from electricity related death and injuries. For consumers of electricity and customers of distribution companies, it is important for you to know that this period comes with the increased risk of electrical…

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NCDMB Shares Local Content Experiences With Uganda Energy Officials

Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development. Welcoming the four-member UNOC delegation at a meeting at the Nigerian Content Tower, Corporate Headquarters of the NCDMB, Swali, Yenagoa, the Director, Monitoring and Evaluation, Alhaji Abdulmalik Halilu, said the visit would open up new vistas for mutually beneficial collaboration in oil and gas…

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Labour Shuts National Grid, Throws Nigeria into Darkness

“Aso Rock, National Assembly, all airports, hospitals, universities, everything .. everyone disconnected from the grid,” reactions + statement the TCN sent to Platforms Africa on the grid’s shutdown   The Organised Labour Unions in Nigeria have shut down the national grid, throwing the Africa’s biggest economy into natuonwide darkness, Platforms Africa reports. The action, which was a result of the nationwide strikebdecalred by the labour unions, has disconnected everyone and everything in Nigeriabfrom the grid. General Manager, Public Affairs, Transmission Company of Nigeria (TCN), Ndidi Mbah, confirmed this in a…

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IBEDC Sacks Kingsley Achife As MD

The Board of lbadan Electricity Distribution Company (|BEDC) has terminated the contract of Engr. Kingsley Achife, the current Managing Director, and appointed Engr. Francis Agoha as the new Acting Managing Director. The Board, in a statement, expressed gratitude to Engr. Achife for his contributions to the company’s growth and for laying the foundations for the ongoing turnaround within the company’s network areas. It was gathered that Engr. Agoha, being the most senior executive of the company, has assumed leadership responsibilities with immediate effect and will work closely with the Board…

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