Category: Energy

Tinubu Meets GenCos Over N4trn Electricity Debt

ADEOLA YUSUF

. aims to avert power sector collapse   The minister of Power, Adebayo Adelabu has proposed a meeting between President Bola Ahmed Tinubu and owners of electricity Generating Companies (GenCos) on ways to resolve the N4tr debt the government is owing the utility companies. In a statement, the minister said this is to show its commitment in paying the debt in cash and other instruments The commitment was made following high-stakes talks between Power Minister Adebayo Adelabu and Chairmen of Generating Companies of Nigeria (GenCos) in Abuja. The statement signed…

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N80bn Found In P’Harcourt, Warri, Kaduna Refineries MDs’ Bank Accounts

ADEOLA YUSUF

. Lies uncovered As EFCC deepens probe of Kyari, 13 senior ex-NNPCL officials In $3bn refinery fraud   The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation is $2,956,872,622.36. Findings by Saturday PUNCH showed that the EFCC is probing the sum of $1,559,239,084.36 allocated…

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Nigerian Army Reacts As Military Barracks’ Metering Generates ₦769.1m In 9 Months

ADEOLA YUSUF

. How We Overcome delayed fund disbursements that slowed early mobilization – De-Haryor CEO   The Nigerian Army has reacted to the ongoing nationwide mass metering initiative across military barracks in Nigeria. Platforms Africa reports that the Federal Government of Nigeria and De-Haryor Global Services announced the mass metering initiative across military barracks, which, was considered a difficult terrain for billing and revenue collections. Inaugurated by the Minister of Power Adebayo Adelabu in March 2023 at the Ikeja Cantonment, Lagos, the metering scheme,  is a special intervention project designed to improve…

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Sunbeth Energies Appoints Lateef Abioye as MD, Signals Nationwide Expansion Drive

ADEOLA YUSUF

Sunbeth Energies Limited is pleased to announce the appointment of Lateef Abioye as its new Managing Director. In this role, Lateef will spearhead the company’s strategic growth agenda, operational excellence, and nationwide expansion as Sunbeth strengthens its position in Nigeria’s energy landscape. A wholly owned Nigerian company, Sunbeth Energies is in the global business of petroleum product trading, covering production, storage, transportation, marketing, and distribution. The company has earned a reputation for delivering high-quality fuel products through its integrated trading and logistics operations. Leveraging a strong international network, Sunbeth Energies…

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Nigeria Headlines World Gas Conference As Gas Minister Leads NGA, Country Delegations To Beijing

ADEOLA YUSUF

The Nigerian Gas Association (NGA) has confirmed that Nigeria’s presence at the World Gas Conference (WGC) 2025 would be headlined by strong government and energy industry leaders. Leading the strong Nigeriadelegationon to the triennial event that hosts the world’s largest gathering of gas experts and policymakers is the Honourable Minister of State for Petroleum Resources (Gas), H.E., Rt. Hon. Ekperikpe Ekpo, PhD. He would also join global energy thought leaders as a distinguished speaker at the world event. Accompanying the Honourable Minister are Engr Farouk Ahmed, Chief Executive of the…

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NOG Energy Week 2025: Driving Africa’s Energy Future Through Investment, Innovation, Global Partnerships

ADEOLA YUSUF

As the world navigates a rapidly evolving energy landscape, NOG Energy Week 2025 will convene world leaders, policymakers, and industry stakeholders to explore pathways for accelerating global energy progress through investment, partnerships, and innovation serving as a catalyst for discussions on energy security, economic resilience, and sustainable growth in Africa and beyond. Recent remarks from the United States Secretary of Energy, Chris Wright, have sparked renewed conversations about Africa’s energy future. Wright underscored the urgency of pragmatic energy policies that balance economic growth with environmental considerations, emphasising the importance of…

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‘Burdened By Band A,’ Aso Rock Opts For Solar With N10bn Budget Allocation

ADEOLA YUSUF

“In 2024, tariffs for Band A skyrocketed from N68/kWh to over N209/kWh within months.”   The Nigerian Government has approved a N10bn allocation in the 2025 budget for the installation of a solar mini-grid at the Presidential Villa. Platforms Africa reports that the project, titled “Solarisation of the Villa with Solar Mini Grid,” is intended to reduce the State House’s dependence on the national grid and ease the burden of rising electricity tariffs. ‘It’s 547k, No, It’s 572k;’ Power Minister, NERC Bicker Over 2024 Metering Data ‘Manufacturers, Others Boycott National…

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‘Fabricated,’ NUPRC Speaks On Report of Alleged Racket In 2024 Oil Bid Round

ADEOLA YUSUF

    + Everything Chairman, 2024 Bid Round Committee, Mr Bashiru Indabawa, said   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed a report insinuating some underhand dealings in the allocation of oil blocks during the 2024 oil licensing bid round. Platforms Africa reports that the NUPRC dismissed the report in a statement issued on Tuesday by the Chairman, 2024 Bid Round Committee, Mr Bashiru Indabawa. He explained that the fabricated article published recently in an online news blog, was intended to generate unnecessary controversy, as there have been…

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Petroleum Ministers, Key Officials Endorse New Book On Local Content

ADEOLA YUSUF

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and his Gas counterpart, Rt. Hon Ekperikpe Ekpo, have hailed the dexterity and courage of a management staff of the Nigerian Content Development and Monitoring Board, NCDMB, Dr Obinna Ezeobi, to write a book chronicling an account of how deft communication initiatives, skillful stakeholders management strategies and effective collaboration among key players in the oil sector played pivotal roles in propagating and advancing Nigeria’s local content policy in the last 15 years. Also, the Executive Secretary of NCDMB, Engr. Felix…

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Hurdles Ahead of Nigeria’s 2025 Oil Blocks Bid Round

ADEOLA YUSUF

The diversion of oil Investments by International Oil Conpanies (IOCs) to other oil producing countries in Africa has been a major challenge confronting Nigeria’s oil industry. Platforms Africa examines how the dip in Foreign Direct Investments Into the oil and gas sector is posing a big threat to the 2025 oil blocks bid round     Nigeria has taken significant strides in revitalizing its oil and gas sector by launching new bid rounds for oil blocks. The 2024 oil bid round, which offered 12 oil blocks alongside seven deep offshore…

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