Dare Olawin

4 days ago | punchng.com | Aina Damilola |Dare Olawin |Abiodun Nejo |Peter Ajayi Dada

Power sector operators and experts have raised concerns, expressed fears and projected opportunities as some states assumed responsibilities for regulating electricity markets within their various domains. This follows the recent revelation by the Nigerian Electricity Regulatory Commission that seven states now control their electricity markets in accordance with the Electricity Act 2023. The states are Enugu, Ondo, Ekiti, Imo, Oyo, Edo, and Kogi.

5 days ago | punchng.com | Dare Olawin |Aina Damilola

Global crude oil prices may cross $80 per barrel this week, following the major escalation in tensions between the United States and Iran, with the oil market reacting sharply to reports of coordinated US-Israeli airstrikes on key Iranian nuclear facilities. This came as marketers of petroleum products said petrol prices may soon rise to N1,000 per litre due to rising crude oil prices and the volatility in the foreign exchange market.

5 days ago | punchng.com | Dare Olawin |Aina Damilola

Jos Electricity Distribution Company The Nigerian Electricity Management Services has blamed the Jos Electricity Distribution Company for an electricity surge that killed the Permanent Secretary for Special Duties and Regional Coordination in Gombe State, Mr Yusuf Kulani, and four others.

1 week ago | punchng.com | Dare Olawin |Aina Damilola

The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is “increasingly” relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a total of 17.65 million barrels of crude oil between April and July 2025, beginning with about 3.65 million barrels already delivered in the past two months, amid ongoing allocations under the Federal Government’s naira-for-crude policy.

1 week ago | punchng.com | Dare Olawin |Aina Damilola

NARTO President Yusuf Othman The Independent Petroleum Marketers Association of Nigeria has suspended its ongoing industrial action following the Lagos State Government’s decision to open dialogue with the association over the contentious N12,500 electronic call-up levy imposed on tankers along the Lekki–Epe corridor.