Energy
NLC rejects hike in petrol pump price
Nigeria Labour Congress, NLC, Monday, rejected the fresh hike in the pump price of Premium Motor Spirit, PMS, commonly known as petrol, which took effect last Friday, demanding for immediate reversal. The post NLC rejects hike in petrol pump price appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Oil jumps 4 percent on upbeat coronavirus vaccine news
Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine. The post Oil jumps 4 percent on upbeat coronavirus vaccine news appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Diabetes: Novo Nordisk to offer free insulin to children in Nigeria, Ghana
Novo Nordisk, a multinational pharmaceutical company, on Saturday announced the introduction of a programme to supply free insulin to children living with Diabetes Mellitus (DM) in Nigeria and Ghana from 2021. The post Diabetes: Novo Nordisk to offer free insulin to children in Nigeria, Ghana appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
IPMAN directs members to sell petrol at N170 per liter
The Independent Petroleum Marketers Association of Nigeria, Kano branch has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre. The post IPMAN directs members to sell petrol at N170 per liter appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
PENGASSAN Strike: No need for panic buying – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Corporation, quoted Mallam Mele Kyari as saying, in a release, that the industrial action embarked upon by PENGASSAN would not lead to scarcity of petroleum products as all fuel stations and petrol depots in the country have enough stock of products to service consumers and are open for business. While expressing hope that the industrial dispute wo...
IBEDC implements revised service tariff
The Ibadan Electricity Distribution Company (IBEDC) says it has began implementation of the revised service-based reflective tariff as approved by the Nigerian Electricity Regulatory Commission (NERC). IBEDC Head, Branding and Corporate Communication, Ms Angela Olanrewaju said this in a statement in Ibadan on Tuesday. She said that customers on the pre-paid platform would be the first to experience the revised new tariff which took effect from Nov.1. “Our post-paid customers revised tariff will reflect in the electricity bills they receive at the end of November 2020. “Kindly recall that the new tariff is divided into five bands and based on hours of supply to customers, measured by the daily average availability of supply over a month. “Customers on bands A, B and C will see some level of...
EEDC implements new revised service reflective tariff in South East
The Enugu Electricity Distribution Company (EEDC), on Monday, said it had begun implementation of the new revised Service Reflective Tariff (SRT) within the South-East. The review was based on the outcome of joint consultative meetings held between Federal Government, labour unions and stakeholders, following concerns expressed over the basis for the Service Reflective Tariff earlier planned to be implemented from Sept. 1, 2020. The Head, Corporate Communications, EEDC, Mr Emeka Ezeh, said in a statement in Enugu that the new revised tariff, which took effect on Nov. 1, was approved by the Nigerian Electricity Regulatory Commission (NERC). Ezeh said that as a result of this development, customers on prepaid platform would begin to experience the revised tariff as they recharge their meters...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
NERC: DISCOs collected N114 billion revenues in Q1 of 2020
The latest quarterly report issued by the Nigerian Electricity Regulatory Commission, NERC, showed that a total of N114 billion was collected as revenue by the 11 electricity Distribution Companies, DISCOs, in the first quarter of 2020. The report also indicated that while the collection efficiency decreased considerably, the regulatory agency listed Abuja, Benin and Eko DISCOs as the companies with the most efficient collection systems. Meanwhile, the report which covered the first quarter of 2020 also showed that the country generated more electricity compared to the last quarter of 2019 with total electricity generated put at 8,613,998MWh, 6.33 per cent more than the energy generated during the preceding quarter. The regulatory agency noted that the collection efficiency implied that fo...
No plans to Scrap NNPC in the PIB – minister
The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from Journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre Sylva, who allayed the fears of staff of the Corporation and Nigerians, said that the bill seeks for the commercialisation of NNPC and not outright scrapping. The meeting which was Presided over by the President of the Senate, Senator Ahmad Lawan, with the Speaker, House of Representatives, Femi Gbajabiamila, and other Leaders of the National Assembly in attendance is aimed at discussing the deta...
PPPRA: Previous administrations spent N8.9 trillion on subsidy in 10 years
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015. According to data released to support the need for deregulation of the downstream petroleum industry, the PPPRA stated that the bulk of the sum was expended between 2011 and 2015, where N6.7 trillion, representing 74.8 per cent of the total were spent on subsidy. Giving a breakdown of the figure, the PPPRA disclosed that N257.36 billion, N271.51 billion, N630.57 billion, N409.31 billion, and N667.08 billion were spent on fuel subsidy in 2006, 2007, 2008, 2009, and 2010, while in 2011, 2012, 2013, 2014 and 2015, fuel subsidy gulped N2.1 trillion, N1.35 trillion, N1.32 trillion, N1.22 t...
Kano Disco clarifies new tariff increment, assures customers of improved supply
The Management of Kano Electricity Distribution Company (KEDCO) says the new tariff increment as approved by Nigerian Electricity Regulatory Commission (NERC) is not applicable to all its customers in Kano, Katsina and Jigawa States. The Management in a statement by Head, Corporate Communications, Ibrahim Sani Shawai, said such clarification become necessary to clear the air on issues around the Band classifications of customers and to put in right perspectives that the tariff increment does not affect all customers. “According to the new tariff, only customers on Bands A, B and C who enjoy a minimum supply of 20, 16 and 12 hours respectively will be affected by the new tariff increment while customers on Band D and E with less than 12 hours of supply per day will not be affected by the in...
