Energy
LPG: Nigerians paid more to refill 12.5kg gas cylinders in December
Nigerians paid more money to refill their 12.5Kg gas cylinder in December than they did in November 2020.
Published
1 month agoon
The average price for refilling 12.5kg cylinder of liquefied petroleum gas (LPG) increased by 1.75% in December compared to the month of November, according to the NBS report for December 2020.
The average cost of refilling the 12.5kg gas cylinder moved from N4,082.97 in November to N4,154.28 in December 2020.
According to the NBS report, the average price for refilling a 5kg cylinder of cooking gas increased by 0.12% month-on-month to N1,949.75 in December 2020 from N1,947.47 in November 2020.
READ: Techno Oil commences mass production of locally-made gas cylinders
Key highlights
- Bauchi (N2,489.12), Borno (N2,396.69) and Adamawa (N2,392.88) recorded the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas in the month of December 2020.
- Enugu (N1,563.75), Imo (N1,678.89) and Oyo (N1,691.67) recorded the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas.
- Delta (N4,838.46), Cross River/Sokoto (N4,800.00) and Akwa Ibom (N4,614.49) recorded the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas.
- While, Kaduna (N3,191.67), Zamfara (N3,462.50) and Niger (N3,500.00) recorded the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas.
READ: Petrol importation drops by 512 million litres in 3 months
LPG is fast becoming an alternative to firewood and kerosene as a means of cooking for most homes especially in urban areas in Nigeria. LPG is cleaner and more efficient than kerosene in cooking.
Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.
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Energy
Siemens Power deal: FG to collaborate with Egypt
Nigeria is set to collaborate with Egypt towards a total overhaul of the power grid and distribution systems.
Published
22 hours agoon
March 2, 2021
President Muhammadu Buhari ordered the Ministry of Power to work with the Egyptian government on an effective rollout of the Presidential Power Initiative with German engineering company Siemens AG.
This was disclosed by Mr. Aaron Artimas, Special Adviser, Media and Communication to the Minister of Power, in a statement in Abuja on Monday.
The Special Adviser revealed that the Minister of Power, Mr. Sale Mamman, disclosed this in a meeting with the Egyptian Ambassador to Nigeria, Mr. Ihab Awad, citing that the FG wants to learn from Egypt’s successful implementation of a power upgrade with Siemens AG.
READ: Plan to overhaul Nigeria’s Power grid attracts investors – Siemens
“The President had reasoned that obtaining more information from Egypt will enable Nigeria to maximize our agreement with Siemens, towards the total overhaul of our power grid and distribution systems,” he said.
The Power Minister said that the FG would leverage on Egypt’s rollout programme also and added that both countries would also collaborate on renewable energy, and improving other sectors of the electricity value chain.
What you should know
- Nairametrics reported that the FG and Siemens AG have signed a contract for the pre-engineering phase of the Presidential Power Initiative.
- In 2018, Siemens, Elsewedy Electric, and Orascom Construction launched a 14.4 GW project under 30 months including the largest combined cycle megaprojects in Beni Suef, Egypt.
Energy
TCN hits power transmission of 5,615.40MW
The TCN has broken its own transmission record twice in the space of a week.
Published
23 hours agoon
March 2, 2021
The Transmission Company of Nigeria (TCN) announced that it hit another record milestone on transmission, as it recorded a national peak of 5,615.40MW.
This was disclosed in a statement by Ms Ndidi Mbah, General Manager, Public Affairs, TCN, on Tuesday in Lagos, she added that the TCN hit the record on the 28th of February.
The TCN added that the transmission was distributed at a frequency of 50.20Hz by 9.30 pm of the same day, as the TCN has broken its own transmission record twice in the space of a week.
READ: TCN: Minister of Power shares FG’s plans with new management
“Also, on Feb.26, 2021, TCN equally transmitted a new Maximum Daily Energy of 116,891 14MWH which is higher than the previous value of 116,121 42MWH achieved on Feb. 25, 2021 by 769.72MWH,” the TCN said.
Mr Sule Abdulaziz, Managing Director, TCN, said the company would remain focused on its goal to complete ongoing projects and undertake new ones as it strives to put in place a robust transmission and, despite challenges posed by vandalism and insecurity.
What you should know
- Nairametrics reported on March 1st that The Transmission Company of Nigeria announced it has broken its transmission record once again, after hitting a record of 5,584.40 MW.
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Uchenna Auswell
January 19, 2021 at 5:22 am
Whereas Anambra state refilled 12.5kg for ₦5,500 and 6kg for ₦2,640 for the same period.