Legal & Regulatory

NERC orders DisCos to complete customers’ enumeration by end of March

Jan 19, 2019

The Nigerian Electricity Regulatory Commission (NERC) has directed the electricity distribution company, (DisCos) to conduct and complete the enumeration of customers for meter in their various franchise area, by March 31st, 2019. It said this would help improve access to meters and help the DisCos promptly attend to electricity issues. The regulatory commission in a…

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Kaduna Electric tops safety ranking for 2018

Jan 19, 2019

Kaduna Electricity Distribution Plc has emerged first among the 11 Distribution companies and Transmission Company of Nigeria in safety for the year 2018 according to the monthly safety report by the National Electricity Management Service Agency (NEMSA). The report indicated that based on all the indices for measuring safety; death and injuries, the company was…

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DPR gives illegal outlets till March to regularise

Jan 14, 2019

The Department of Petroleum Resources (DPR) has granted owners of illegal filling stations and gas plants within Abuja and environs up to the first quarter of this year to regularise their outlets or face sanctions. The ultimatum was issued by the Zonal Operations Controller, DPR Abuja, Alhaji Misau Abba, during the 2018 Annual General Stakeholders…

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Non-compliance to regulations hindering oil industry growth – NNPC GMD

Jan 10, 2019

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says non-compliance to regulations by operators in the oil and gas sector hinders growth in the industry. Baru made this known at the 2018 annual stakeholders meeting of the Department of Petroleum Resources (DPR) in Abuja on Thursday. The meeting, with the theme…

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IAEA reviews Nigeria’s regulatory performance on nuclear energy

Jan 7, 2019

The International Atomic Energy Agency (IAEA) has examined the performance and operational framework of the Nigerian Nuclear Regulatory Authority (NNRA). The IAEA, also assessed the operations of nuclear regulators in other African countries in the course of a four-day African regional coordinating meeting held recently in Abuja. According to Director, Radiological Safety, NNRA, Prof. Timothy…

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Kachikwu says FG generated over $2bn from oil block licences to fund 2019 budget

Jan 3, 2019

Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil block licences. The former Group Managing Director the Nigerian National Petroleum Corporation (NNPC), said the funds will be used to implement the nation’s budget. “We have actually asked for early renewals,…

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Forty-two Nigerian oil block licences to expire in 2019 – DPR

Jan 2, 2019

A total of 42 oil block licences held by some international and indigenous operators will expire this year, data obtained from the Department of Petroleum Resources on Monday showed. OML 114, operated by Moni Pulo Limited, will be due for renewal this month, while OML 115, whose operator is Oriental Energy Resources Limited, will expire…

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DPR vows to curb fuel diversion to Benin, Chad, Niger

Dec 28, 2018

The Department of Petroleum Resources, Kaduna Zonal Office, says it has taken adequate measures to tackle fuel diversion to the Republic of Benin, Chad and Niger. The DPR Zonal Operations Controller, Isa Tafida, stated this at a press conference in Kaduna recently. The DPR official noted that the department would not tolerate any marketer out…

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DPR seals 46 fuel stations operating without licenses in Akwa Ibom

Dec 27, 2018

The Department of Petroleum Resources in Akwa Ibom State has sealed 46 fuel stations for under dispensing of petroleum products and for operating without licenses. Head of DPR Operations in Eket, Mr. Olusegun Dabor said yesterday in Uyo that some of the fuel stations had been operating illegally for more than six years without approved…

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Swiss ruling paves way for documents to be shared in Nigeria oil bribery case

Dec 26, 2018

A Geneva prosecutor is reviewing material in a suitcase seized nearly three years ago to decide what can be shared with Italian authorities in a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria, his office said on Friday. The prosecutor received the green light after Switzerland’s top court, the…

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