FG Blames Drop in Electricity Generation on Shutdown of Critical Gas Plant – Newstrends
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FG Blames Drop in Electricity Generation on Shutdown of Critical Gas Plant

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– Targets 1,000MW from reactivated 14 solar projects

– Tasks gas operators on the accuracy of dispensing instruments

The federal government yesterday explained that the drop in electricity generation was a result of the partial shutdown of the Oben gas plant for the repair of critical gas processing equipment.
It has also disclosed that the 14 reactivated independent power plants (IPP) across the country will produce off-grid electricity of 1,000 megawatts.

A statement by the Federal Ministry of Power disclosed that Seplat Energy Plc had mobilised equipment, material, and personnel to the site to expedite the restoration of normal gas supply to the affected power plants.

The statement read: “We wish to notify the general public that the current dip in electricity generation is a result of the partial shutdown of the Oben gas plant to address the repair of critical gas processing equipment.”
“The incident, unfortunately, occurred at a time when other power plants on other gas sources are undergoing planned maintenance and capacity testing.

“We wish to notify the public that Seplat Energy Plc has mobilised equipment, material, and personnel to the site to expedite the restoration of normal gas supply to the affected power plants.

“We have been assured that the repair work would be concluded this weekend and normalcy will be restored. While pleading with electricity consumers with the current state of supply, we wish to assure the general public that efforts are being made for a sustained improvement of supply across the country.”
Meanwhile, the Minister of Power Abubakar Aliyu has disclosed that the 14 reactivated IPP across the country will produce off-grid electricity of 1,000 MW.

Aliyu disclosed the maiden three-day Nigeria-African Natural Resource and Energy Investment Summit hosted by the Ministry of Mines and Steel Development in collaboration with other stakeholders in Abuja.
The maiden event has the theme: “Towards a Greener Africa” which ended at the weekend.

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The minister said, “government has reactivated 14 IPP Solar Projects across the country. These IPPs, which are currently undergoing Technical and Financial Evaluation, shall contribute 1000MW off-grid. 10 state governments are enabling solar projects in their states that will deliver 100MW each contributing 1,000MW off-grid.

“The 10MW Katsina Wind Farms already contributing to the grid and is being considered for a solar hybrid that will optimise its availability to 20MW. Once we stabilise the base load through the hydropower plants at various stages of completion, we shall integrate all the off-grid structures to the national grid, increasing our energy mix.”
He noted that African governments must be proactive and responsive to the course collectively as that is a prerequisite for achieving a cleaner energy future, adding “It is only by this can Africa actualise its green transition”.
Speaking further on international partnership toward greener energy, Aliyu said, “Countries, like Nigeria, have made commitments to achieve their Nationally Determined Contributions (NDCs) in line with the Paris Agreement on Climate Change and the COP26 Agreement in Glasgow.

“To achieve this, we have to scale up our Solar, Wind, hydropower, and even the new hydrogen opportunities, including other new clean technologies.
Africa needs to focus on proven approaches, as well as the mobilisation of resources to take advantage of carbon-neutral energy sources.

FG Tasks Gas Operators on Accuracy of Dispensing Instruments

In a related development, the federal government has directed operators in the Liquefied Petroleum Gas (LPG) sector to install deadweight at their premises to test the accuracy of weighbridges used for dispensing bulk gas to retailers.

The government also insisted that henceforth, the use of weighbridges should be the norm at depot terminals when loading LPG products rather than the use of gas meters to ensure that the product being dispensed is accurate since LPG is retailed by weight.
The resolution came against the backdrop of persistent complaints of under-dispensing of products at LPG depot terminals as well as retail outlets across the country.

The federal government’s position was contained in a communiqué issued at the end of a one-day stakeholders engagement organised by the Weights and Measures Department of the Federal Ministry of Industry, Trade and Investment, with the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and Liquefied Petroleum Gas Depot Owners (LPGDO) on the application of legal metrology in the oil and gas sectors in Nigeria.
THISDAY gathered that the outcome of the meeting had already been approved by the Minister of Industry, Trade, and Investment, Mr. Niyi Adebayo for immediate implementation.

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The communiqué, which was obtained by THISDAY further, directed that henceforth, tankers used for loading and transporting LPG should ensure that they gauge their tank pressures to conform with safety standards before loading to avoid incurring shortages due to excessive gas in their tanks during loading.

It also pointed out that as a matter of urgent necessity, the weights and measures department should embark on periodic inspections of the LPG depot terminals to ascertain their level of compliance with operational guidelines.
It was also agreed that the existing skill gaps noticeable in weighbridges installation should be addressed adding that the quality of gas in the market should be of a high standard with less propane and which should be enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The federal government however warned that depot terminal operators found to be under-dispensing the Liquefied Petroleum Gas (LPG) as well as marketers to consumers will be penalised and urged the weights and measures department to strengthen its oversight functions of the numerous LPG retail outlets across the nooks and crannies of the country.

Moreover, on the issue of overlapping duties between the department and NMDPRA, the stakeholders resolved that the activities of the department revolved around the verification and certification of measuring equipment which is statutorily backed by existing legislation while the former dwelled on the issuance of licenses to petroleum product dealers.

The Director, Weights and Measures Department, Mr. Hassan Ejibunu, however, told THISDAY, “We’ve been receiving complaints from NALPGAM that whatever they buy in bulk from the terminals, maybe 33,000 litres of LPG, but by the time it gets to the final destination you’ll find out it is less than 33,000 litres – may be what is left is about 30,000 litres or less than that.

“We equally received complaints from members of the public that if they go to the retail outlets to buy let’s say 12.5 KG cylinder of LPG, what they’ll get is not up to that.”
He said the stakeholder’s engagement was convened to address the underlying issues and to ensure that consumers of gas get value and accuracy for every purchase they make.

THISDAY

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MTN, Airtel to share network infrastructure in Nigeria

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MTN, Airtel to share network infrastructure in Nigeria

Airtel Africa has partnered with MTN Group to expand digital inclusion by sharing network infrastructure in Uganda and Nigeria.

In a statement in Lagos on Wednesday, Airtel said the sharing agreements aim to improve network cost efficiencies, expand coverage, and provide enhanced mobile services to millions of customers.

A sharing agreement is a formal arrangement between two or more parties to share resources, assets, or services.

According to the telecommunications company, the partnership will benefit customers in remote and rural areas who do not yet fully enjoy the benefits of a modern connected life.

Airtel assured that both parties will ensure the agreement complied with local regulatory and statutory requirements.

Sunil Taldar, chief executive officer (CEO) of Airtel Africa, said telecommunications companies are driving digital financial inclusion by building common infrastructure within the regulatory framework.

Taldar noted that the collaborative approach not only advances digital transformation and financial inclusion but also reduces the duplication of expensive infrastructure.

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As a result, Taldar said operational efficiencies are boosted, ultimately benefiting customers.

He further said telecoms continue to compete fiercely in the market, differentiating themselves through their brand, services, and offerings.

“The initiative is part of a growing global trend toward network sharing. By collaborating, telecoms operators can explore innovative and pro-competitive solutions to improve service quality while managing costs more effectively,” Taldar said.

“The sharing of infrastructure has the potential to enable the delivery of world-class, reliable mobile services to more and more customers across Africa.”

Taldar added that following the conclusion of agreements in Uganda and Nigeria, MTN and Airtel Africa are also exploring various opportunities in other markets, including Congo-Brazzaville, Rwanda, and Zambia.

Ralph Mupita, MTN Group CEO, said there is a need to invest in coverage and capacity to ensure high-quality connectivity to meet customers’ increasing demands.

“As MTN, we are driven by the vision of delivering digital solutions that drive Africa’s progress,” Mupita said.

“We continue to see strong structural demand for digital and financial services across our markets.

“To meet this demand, we continue to invest in coverage and capacity to ensure high-quality connectivity for our customers.”

Mupita added that there are opportunities within regulatory frameworks for sharing resources to drive higher efficiencies and improve returns.

MTN, Airtel to share network infrastructure in Nigeria

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NNPCL in historic initial public offer, ready for capital market

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NNPCL in historic initial public offer, ready for capital market

The Nigerian National Petroleum Company Limited (NNPCL) has announced that it is in the final stages of preparation for its much-anticipated listing on the capital market, in line with the provisions of the Petroleum Industry Act (PIA) 2021.

The company’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed this in a statement on Thursday in Abuja.

According to the statement, the Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, revealed the development during a consultative meeting with partners at the NNPC headquarters.

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He stated that NNPCL is currently engaging with potential investors through an exercise called the “NNPC Ltd. IPO Beauty Parade,” which aligns with capital market regulations ahead of its Initial Public Offer (IPO).

“According to the CFIO, the aim of the IPO Beauty Parade is to access potential partners and determine in what ways they could be of support to the company,” the statement explained.

The statement further highlighted that NNPCL is seeking partnerships in three key areas: Investor Relations, IPO Readiness Advisors, and Investment Banking Partners. Companies with the most competitive offers will be selected for each category.

An IPO is a public offering in which a company’s shares are sold to institutional investors. Under the PIA, NNPCL is required to list its shares on the capital market in compliance with the Companies and Allied Matters Act (CAMA) 1990.

NNPCL in historic initial public offer, ready for capital market

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Naira rises to N1,560/$ in parallel market

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Naira rises to N1,560/$ in parallel market

The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,540 per dollar from N1,539 per dollar on Wednesday, indicating N1 depreciation for the naira.

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Consequently, the margin between the parallel market and NFEM rate narrowed to N20 per dollar from N31 per dollar on Wednesday.

Naira rises to N1,560/$ in parallel market

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