POWER: TCN transmits 5,552.80MW in Nigeria The Transmission Company of Nigeria, TCN, has disclosed that it successfully transmitted an enhanced all-time peak of 5,552.80MW recorded by the power sector on Wednesday, January 6th 2021, at 8.15pm. According to TCN, “This latest all-time peak transmitted, surpasses the last peak generation of 5,520.40MW which was also […]
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Electricity tariff: Federal Government orders reversal in Nigeria The Federal Government has ordered the Nigerian Electricity Regulatory Commission (NERC) to call on the Electricity Distribution Companies, DisCos to revert to tariffs that were applicable in December 2020. In a statement obtained by The Daily, www.thedaily-ng.com, Mr. Aaron Artimas, Senior Special Adviser, Media and Communications to
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OPEC daily basket price stood at $53.29 a barrel Wednesday, 6 January 2021, compared with $50.75 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
NCC clarifies issues in Mass Disconnection of Telephone Subscribers The Nigerian Communications Commission (NCC) said its attention has been drawn to numerous publications in both print and electronic media regarding the unfounded fears of mass disconnection of telephone subscribers as a result of the ongoing linkage of SIM Registration Records with the National Identity Number
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Electricity tariff: Stakeholders continue opposition in Nigeria .As DisCos prepare to charge a new tariff Stakeholders in Nigeria’s power sector have continued to mount pressure against high tariff already approved by the Nigerian Electricity Regulatory Commission, NERC. The spokesman, House of Representatives, Hon. Benjamin Kalu blamed the Executive for the recent upward review, said: “We
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Bonny Light price rises to $52.29 on oil output cut The price of Nigeria’s Bonny Light has risen to $52.29 per barrel as the members of the Organisation of Petroleum Exporting Countries, OPEC and others continue to push for an oil output cut. The leap in price, apparently the highest in recent times, showed
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——as dealmakers gather in Paris The event is entirely dedicated to getting major commitments committed and signed between European investors and African companies and governments Africa Oil & Power will host Francophone African government delegations and European financiers at the first AOP Investor Forum to be held in Paris; the event is entirely dedicated to
Trafigura plans EUR30m battery investment in Belgium Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has announced the first live project by Nala Renewables, its newly formed joint venture company with IFM Investors. An investment of up to EUR30 million will be made to develop one of Belgium’s largest
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Investing in African Mining Indaba (Mining Indaba), part of Hyve Group Plc has announced that His Excellency, Cyril Ramaphosa, President of South Africa has confirmed to deliver the presidential keynote address at the upcoming Mining Indaba Virtual. Following last year’s announcements, H.E. Cyril Ramaphosa will be joining the already confirmed president of the Democratic Republic
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GAS: Stakeholders stress collaboration, utilization, others for sector development By Eyo Nsima Stakeholders have called for close collaboration and increased utilization and other measures as strategies for the sustainable development of Nigeria’s gas sector. Speaking at the Nigerian Gas Association (NGA) first-ever Industry Multilogues, held on December 8 and 9, 2020, which was hosted virtually
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