Sunday, September 16, 2018

Tag "Electricity"

    Inside Abuja PHCs where babies are born with the aid of kerosene lamp, torchlight

Inside Abuja PHCs where babies are born with the aid of kerosene lamp, torchlight

"We are usually three during the child delivery, I and two other midwives. One person will be holding the torch for us while one will be conducting the delivery with the third person assisting,” said Odeh Agnes, the midwife at Dafa primary healthcare centre (PHC) in Kwali council, federal capital territory (FCT).The thought of childbirth with the aid of torchlight [...]

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    We have constitutional right to protect interest of DisCos, ANED replies NERC

We have constitutional right to protect interest of DisCos, ANED replies NERC

The Association of Nigerian Electricity Distributors (ANED) says the constitution empowers it to protect the interest of electricity distribution companies (DisCos).In a statement on Wednesday, Azu Obiaya, chief executive officer of ANED, said the association will not fold its arms when its members are endangered.He said contrary to the directive of the Nigerian Electricity Regulatory Commission (NERC), ANED’s opposition to a policy [...]

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    How poor power supply is hindering growth of Nigerian SMEs

How poor power supply is hindering growth of Nigerian SMEs

BY JONATHAN EMMANUELAccess to power expands the number and variety of business and job opportunities available. Electricity means that small businesses, such as barbers hairdressing salons, laundromats, welders etc, rely on energy to function. Energy also leads to the creation of new markets, businesses and job openings, which provide more opportunities for individuals to earn an income and lift them, [...]

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    NERC: Electricity consumers’ complaints declined in Q3 2017

NERC: Electricity consumers’ complaints declined in Q3 2017

The Nigerian Electricity Regulatory Commission says electricity distribution companies (DisCos) received 109,048 complaints from consumers in the third quarter of 2017.This was disclosed on Tuesday in the quarterly report of the commission.The report showed a decline in the number of complaints, a slight improvement from the 116,761 complaints received in the second quarter of 2017.According to the report, an average [...]

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    Power sector ‘lost N324.3bn’ in eight months

Power sector ‘lost N324.3bn’ in eight months

New data from the advisory power team in the office of Vice-President Yemi Osinbajo has shown that the power sector has lost N324.3bn this year, due to gas constraints and poor distribution network.According to the latest power generation report, 3,700MW could not be generated on August 20 due to unavailability of gas, poor transmission and distribution network, and high frequency.As a [...]

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    Nationwide blackout looms as GenCos threaten to shut down power plants

Nationwide blackout looms as GenCos threaten to shut down power plants

Joy Ogaji, executive secretary of the Association of Power Generation Companies (APGC), says the power firms might shut down plants over the inability of the Transmission Company of Nigeria (TCN) to transmit available volume of electricity generated into the national grid.In a statement on Thursday, Ogaji said the generation companies (GenCos) were increasingly facing lower capacity utilisation with the fact that they [...]

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    Fashola should be ‘denied access to generator’

Fashola should be ‘denied access to generator’

Ahmed Isah, prominent rights activist, better known as "Ordinary President", says Babatunde Fashola, minister of power, works and housing, should not be given access to a generator.Speaking in Abuja at a townhall meeting on the power sector, organised by the Shehu Musa Yar'Adua Foundation, on Monday, Isah said Nigerians are battling epileptic power supply because influential personalities have other means [...]

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    $16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

$16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

The Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to initiate probe against ex-President Olusegun Obasanjo for allegedly mismanaging $16 billion meant for power projects in the country.It asked the president to refer the allegation to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to be investigated [...]

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    Soon, it’ll be the right of every Nigerian to own prepaid meter

Soon, it’ll be the right of every Nigerian to own prepaid meter

A bill seeking to prohibit the issuance of estimated electricity bill to electricity consumers in the country has passed second reading at the house of representatives.The Electric power sector reform act (amendment bill), sponsored by Femi Gbajabiamila, leader of the house, proposes a legislation to criminalise such billings method.By creating new sections 68 to 72 in the act to prohibit [...]

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    Power generation ‘to hit 100,000mw by 2030’

Power generation ‘to hit 100,000mw by 2030’

The Energy Commission of Nigeria (ECN) has predicted that Nigeria will be able to generate 100,000 megawatts of power by 2030.Eli Bala, ECN director-general, made this known on Monday in an interview with NAN.He said the projection would be possible with an annual economic growth rate of seven percent and steady implementation of the national energy plan by the federal [...]

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    FEC approves new framework to expand electricity transmission

FEC approves new framework to expand electricity transmission

The federal executive council (FEC) has approved a new framework to expand the 33KVA and 11KVA electricity transmission lines in the country.The framework will ensure distribution of 2,000 megawatts of generated energy currently not being distributed from power stations.FEC gave the approval on Wednesday during the council’s weekly meeting.Addressing state house correspondents after the meeting, Babatunde Fashola, minister of power, [...]

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    Fashola: 2000 megawatts of electricity currently idle

Fashola: 2000 megawatts of electricity currently idle

Babatunde Fashola, minister of power, says the country currently has 2000 megawatts of electricity that is idle because it cannot be distributed.Fashola said the power is not being utilised because manufacturers have not shown interest in making use of it.The minister made this known at the January 2018 edition of the monthly power sector operators’ meeting in Lafia, Nasarawa."I will [...]

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    NNPC to build three power plants with 4600MW

NNPC to build three power plants with 4600MW

The Nigerian National Petroleum Corporation (NNPC) says it will build three power plants with 4600MW, in the northern part of the country.The power plants, to be located in Abuja, Kaduna and Kano, would rely on gas supplies from the planned Ajaokuta-Abuja-Kaduna-Kano (AKK) gas pipeline project.Maikanti Baru, group managing director of the NNPC, disclosed this when Abubakar Bello, governor of Niger [...]

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    Investors call for restructuring of power sector

Investors call for restructuring of power sector

Some participants at the Nigerian Economic Summit holding in Abuja have called for the restructuring of power.Tony Elumelu, chairman of Heirs Holding, said the power sector needs to be recapitalised, citing access to electricity as a game-changer in the development of the nation’s economy.Elumelu advised the government to increase their investment in the sector, scaling up ownership from 51% to [...]

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    N11trn ‘wastage’: SERAP asks ICC to probe Obasanjo, Jonathan

N11trn ‘wastage’: SERAP asks ICC to probe Obasanjo, Jonathan

The Socio-Economic Rights and Accountability Project (SERAP) has asked the International Criminal Court (ICC) to probe the administrations of former presidents Olusegun Obasanjo, Umaru Musa Yar‘Adua and Goodluck Jonathan for allegedly wasting electricity funds.SERAP had accused the trio of squandering a total sum of N11 trillion meant for provision of electricity to Nigerians during their respective regimes - between 1999 [...]

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    Fashola: Metering customers NOT a monopoly of DisCos

Fashola: Metering customers NOT a monopoly of DisCos

Babatunde Fashola, minister of power, says supply of meters to electricity consumers in the country is not exclusive to distribution companies (DisCos).He said as it is an “open but regulated” business.Fashola said this on Monday at the 18th monthly power sector and stakeholders’ meeting in Kumboso, Kano state.He was, however, quick to add that for anybody to be involved in [...]

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Exchange Rates

September 14, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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