DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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NERC: RECURRING INCIDENCE OF GRID DISTURBANCE. (PHOTO). #PRESS RELEASE.

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 The Nigerian Electricity Regulatory Commission notes with concern the recent escalating incidence of grid disturbances often leading to marked outage in several states thus reversing many of the gains recently achieved in reducing infrastructure deficit and improving grid stability.


Initial reports on the grid disturbance that occurred this morning indicate that today’s outage was triggered by an explosion of a current transformer at the Jebba transmission station at 0815hrs and associated cascade of power plants shutdown arising from the loss of load. However, efforts to restore supply have advanced with power significantly restored, as at 1300hrs, in 33 states and the FCT.


In line with the provisions of the Electricity Act 2023, the unbundling of the System Operator function (ISO) out of Transmission Company of Nigeria Plc is ongoing with the expectation that an independent SO would engender more discipline in grid management and optimised investment in infrastructure.


In pursuit of finding a permanent resolution to the challenges of the national grid, the Commission shall shortly conduct an investigative public hearing with a view to identifying immediate and remote causes of recurring incidence of grid disturbances and widespread outages.


The date and venue of the public hearing will shortly be announced in the national dailies and stakeholders are encouraged to participate.

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