Category: Power

NNPC denies funding Buhari, GEJ elections with $1.2m oil trader’s bribes

ADEOLA YUSUF

That the NNPC funded elections with $1.2m bribes from oil trader is “not true, and I think that is obvious if you read the story with an open mind,” Group General Manager, Group Public Affairs Division, NNPC, Mr Garba-Deen Muhammad, however, has declared.   The Nigerian National Petroleum Corporation (NNPC) has debunked the allegation that it funded the 2015 and 2019 elections with $1.2 million bribes from oil traders. Platforms Africa reports that the two elections were conducted and contested by then incumbent Goodluck Jonathan and President Muhammadu Buhari. Buhari…

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BREAKING:100% Electricity Tariff Hike Begins in 4 Months – Nigerian Govt

ADEOLA YUSUF

The Nigerian government has stated its plans to end all forms of subsidy for tariff in the power sector by January, 2022, a move expected to skyrocket tariff to 100%. Platforms Africa reports that the Special Adviser to the President on infrastructure, Ahmed Zakari, made this known during the Stakeholders engagement meeting organized by the Nigerian Electricity Commission, NERC, in Lagos. The power industry in Nigeria has reportedly being rocked by claims of revenue shortfall allegedly due to a tariff regime that is “not cost reflective.” Data of Nigerian Bulk…

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EXCLUSIVE: NBET appropriates N139bn, 98% of 2021 budget, for GenCos payment

ADEOLA YUSUF

The Nigeria Bulk Electricity Trading Plc (NBET) has budgeted N139 billion, 98% of its 2021 budget, to pay Generation Companies (GenCos). Platforms Africa, , which gathered this exclusively from the 2021 budget of NBET, added that efforts are on to make the recent audited accounts of the bulk trader public. READ ALSO: BREAKING: Nigeria’s Electricity Market debts to Egbin Power hit N388bn How Oil firms burnt $787.7m worth of Nigerian gas, polluted air in 7 months Power market’s debts profile to NDPHC hits N190bn EXCLUSIVE: How Nigeria’s Grid collapse, Blackout…

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Ikeja Electric deepens CSR investment with DashMe Foundation charity deals

ADEOLA YUSUF

Powwe utility firm, Ikeja Electric (IE), has partnered with DashMe Foundation, in a philanthropic alliance that seeks to mobilize its workforce and resources towards donating to support charity. Platforms Africa reports that DashMe Foundation is a non-profit charity organisation, which aims to change lives, one gift at a time, by creatively raising funds and awareness for grassroot charities in Africa, Speaking on the partnership, Head of Corporate Communications, Ikeja Electric, Felix Ofulue said the partnership with DashMe Foundation is in alignment with the company’s Corporate Social Responsibility (CSR) goals. According…

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Meet Abubakar D. Aliyu, new Minister of Power, 3rd in Buhari’s 6-Year Govt

ADEOLA YUSUF

Mr Abubakar Aliyu, a civil engineer and two-term former deputy governor of Yobe state state, has been announced as the new minister of power, third in that capacity during the President Buhari’s six years in office. Here is Platforms Africa close up on the University of Maiduguri-trained engineer, on all you may need to know about the man, his memoir and mantle. READ ALSO: Nigeria President Buhari Fires Power Minister, Mamman, over ‘inefficiency’ BREAKING: Blackout as Nigeria’s Power grid suffers 2nd collapse in 26 days Nigeria suffers N10trn losses to…

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Nigeria President Buhari Fires Power Minister, Mamman, over ‘inefficiency’

ADEOLA YUSUF

Nigerian President Muhammadu Buhari has sacked the ministers of power, Saleh Mamman, and his Agric ministry’s counterpart, Sabo Nanono, Platforms Africa can report. This leading online newspaper learnt that the sack of the two ministers, who were considered inefficient by the president, is with immediate effect. READ ALSO: Outrage as Sex Video of BBNaija Married Woman Housemate, Tega with Boma goes viral Nigerians To Pay More for Electricity As Tariff Hike Begins Wednesday BREAKING: Blackout as Nigeria’s Power grid suffers 2nd collapse in 26 days The minister of environment has…

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IBEDC Records N24bn Deficit, 15,032 Vandalism Cases in Six Months

ADEOLA YUSUF

Utility firm mulls N91 billion investments for network expansion, metering in the next five years Biggest power utility firm in Nigeria, Ibadan Electricity Distribution Company (IBEDC), has recorded a revenue deficit of N24 billion and 15,032 cases of vandalism on its assets between January and July 2021. Platforms Africa reports that the Chief Operating Officer, Engineer John Ayodeji, who declared this at the IBEDC 2021 half year press conference in Ibadan, Southwest Nigeria, stated that the company was running at a loss and experiencing a deficit of N4 billion monthly.…

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CSR: Emulate Egbin, Nigeria ex-Internationals, Agali, Ekpo, Task Investors

ADEOLA YUSUF

Egbin Power Plc’s Football team, Strike Force, wins Grid Controllers of NCC Osogbo 4-1 in a friendly encounter   Two of Nigeria’s ex-International Football Stars, Friday Ekpo and Victor Agali, have tasked Investors in Nigeria to emulate the Egbin Power Plc., in terms of its Corporate Social Responsibility (CSR) and dedication to Sports. Platforms Africa reports that Egbin, the bggest power generation company in Sub-Saharan Africa, has surged the ratings and hope for investments and Sports development in Nigeria with company’s Football Club, the Strike Force, beating a team of…

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BREAKING: Blackout as Nigeria’s Power grid suffers 2nd collapse in 26 days

ADEOLA YUSUF

The Electricity Transmission System in Nigeria also known as the national power grid has suffered its second collapse in the last 26 days. Platforms Africa reports that this collapse worsened the blackout rocking businesses and households in Lagos and other major parts of Nigeria. The collapse, which occurred around 1:00pm on Monday, was confirmed by two of the electricity distribution companies in the country. READ ALSO: National grid suffers 3rd Collapse in 5 months, Darkness Rocks Nigeria FCT EXCLUSIVE: How Nigeria’s Grid collapse, Blackout lasted for 6hrs 53mins BREAKING! Blackout…

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Minister, Sanwo-Olu, EKEDC CEO underscore power relevance to Nigeria’s prosperity

ADEOLA YUSUF

EKEDC CEO, Adeoye Fadebiyi, highlights improvements in power sector at NSE Annual Business Luncheon   The Nigeria’s Minister of interior, Engineer Rauf Aregbesola, Governor of Lagos, Nigeria’s commercial capital, Babajide Sanwo-Olu, and the Chief Executive Officer, Eko Electricity Distribution Company, Enginewr Adeoye Fadebiyi, have underscored the relevance of power sector to Nigeria’s economic prosperity. Platforms  Africa reports that the trio spoke at the Nigerian Society of Engineers (NSE) Ikeja Branch 2021 Engineering week, Annual Business Luncheon. Hon. Bola Ilori, who spoke on behalf of the Minister of Interior, Engr. Rauf…

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