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1 week ago | 
nigeriaworld.com | Udeme Akpan |Obas Esiedesa
The ongoing Israeli-Iran conflict has triggered an upward adjustment in petrol prices by 10 marketers as crude oil rose 8.8 per cent to $74 per barrel from $68 per barrel.
Crude prices are expected to rise further should Iran carry out its threat to block the Straight of Hormuz, which is responsible for the shipment of more than 20 per cent of global oil and gas.
According to maritime sources, the threat of Iran to block the Strait of Hormuz would negatively impact global trade.
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Feb 27, 2025 | 
newsheadlines.com.ng | Victor Young |Yinka Kolawole |Obas Esiedesa |Musa Ubandawaki
By Victor AhiumaYoung, Yinka Kolawole, Obas Esiedesa, Musa UbandawakiLAGOS — Small Business Owners and civil society organisations, NGOs, have said there is no justification for the proposed further hike in electricity tariffs, following disclosure by the Federal Government, yesterday, that it is considering increasing tariffs for customers outside the Band-A category to improve the liquidity of the Nigerian Electricity Supply Industry, NESI.
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Jan 14, 2025 | 
energycentral.com | Obas Esiedesa
By Obas Esiedesa, AbujaThe Minister of Power, Chief Adebayo Adelabu has disclosed that the Transmission Company of Nigeria, TCN, needs about N2.8 trillion to execute 149 projects to improve electricity transmission across the country. A statement by the Ministry on Tuesday said Chief Adelabu made this disclosure in separate appearances before power sector committees in the National Assembly to defend the Ministry of Power’s 2025 budget proposal.
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Nov 27, 2024 | 
allafrica.com | Obas Esiedesa
Oil marketers have welcomed the resumption of operations at the Port Harcourt Refinery, which had been dormant for years, costing Nigeria billions of dollars in foreign exchange. The Nigerian National Petroleum Company (NNPC) Limited announced on Tuesday that the refinery had restarted operations, with trucks loading petrol, diesel, and kerosene from the facility.
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Nov 22, 2024 | 
allafrica.com | Obas Esiedesa
Power generation companies have expressed concern over the adverse effects of frequent electricity grid collapses in the country, warning that the issue poses a significant threat to the power supply industry. So far this year, the national power grid, managed by the Transmission Company of Nigeria (TCN), has collapsed a dozen times, leaving businesses and operators grappling with significant losses.
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Nov 18, 2024 | 
theafrica.co.za | Obas Esiedesa
Seeks 500m capitalization FG determined to reform power sector, Minister NEMSA targets safe electricity supply By Obas Esiedesa, Abuja The Managing Director,Azura Power West AfricaLimited, Edu Okeke, has urged the Federal Government to consider removing the huge legacy debts from the books of electricity distribution companies, DisCos, and mandate them to increase their capital to at least 500 million each.
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Nov 7, 2024 | 
energycentral.com | Obas Esiedesa
·TCN blames GENCOS·Power sector structurally defective, consumers·DisCos apologiseEfforts by the Federal Government and the operators of the Nigerian Electricity Supply Industry to stabilize the national power grid system suffered another setback yesterday as the grid collapsed for the 4th time in 24 days. Data from the National System Operator posted on its portal indicated that the latest collapse began before 1pm when Jebba and Shiroro Hydro Power disappeared from the grid.
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Nov 7, 2024 | 
energycentral.com | Obas Esiedesa
By Obas Esiedesa, AbujaThe Speaker of the House of Representatives, Hon. Tajudeen Abbas, has pledged the support of the National Assembly for ongoing reforms in the Nigerian power sector and called for collaboration among all stakeholders to improve the reliability of the national power grid.
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Nov 7, 2024 | 
allafrica.com | Obas Esiedesa
·TCN blames GENCOS·Power sector structurally defective, consumers·DisCos apologiseEfforts by the Federal Government and the operators of the Nigerian Electricity Supply Industry to stabilize the national power grid system suffered another setback yesterday as the grid collapsed for the 4th time in 24 days. Data from the National System Operator posted on its portal indicated that the latest collapse began before 1pm when Jebba and Shiroro Hydro Power disappeared from the grid.
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Nov 6, 2024 | 
energycentral.com | Obas Esiedesa
By Obas Esiedesa, AbujaThe Minister of Power, Chief Adebayo Adelabu has expressed optimism that the frequent collapses of the Nigerian power grid system could be curbed with the implementation of far reaching reforms of the transmission subsector of the electricity industry. Chief Adelabu who stated this when he received the report of an investigative panel he set up to unravel the causes of Nigeria’s incessant electricity grid collapses, noted that high number of collapses “is not for us”.
