Podcasts about n44

The Senate Committee on Power has summoned Minister of Finance, Zainab Ahmed, to over N147 billion included in the capital project of the Ministry of Power. The Chairman of the Committee, Senator Gabriel Suswam, claimed that the committee could not explain how the funds for the multilateral projects in the power sector were being expended. Suswam says the actual capital budget of the Ministry of power for the 2023 is N44 billion while N147 billion is meant for bilateral and multilateral projects.

Power consumers are going to start paying more for prepaid meters as the Nigerian Electricity Regulatory Commission has hiked the cost of the commodity. It was gathered in Abuja on Monday that the commission had increased the price for a three-phase meter from N67,055 to N82,855.19, while the cost of a single-phase meter was raised from N36,991 to N44.896.16. Operators in the sector told newsmen that the new prices were contained in a memo signed by the NERC Chairman, Prof. James Momoh, pegging the new price pursuant to section 19 (d) of the Meter Asset Providers regulation. According to stakeholders, the introduction of the MAP model, had not yet adequately address the meter demands of customers. Momoh said the reasons for the increase in meter cost is due to the hike in foreign exchange rate by the Central Bank of Nigeria was a contributory factor.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Government said gas flare penalty payment by oil and gas companies in the country will increase to N103.51bn this year. The Director General, Budget Office of the Federation, Ben Akabueze, disclosed this in a presentation where he highlighted the revenue measures taken by the government to manage the resultant budgetary pressure from the coronavirus crisis and the oil price slump. Akabueze said the government would tighten implementation of the 2018 revised gas flare penalty payment regime (resulting in upward revision of gas flare penalty for 2020 from N44.7bn to N103.51bn). Firms producing less than 10,000 barrels of oil per day will pay a gas flare penalty of $0.5 per 1,000 scf. The NNPC, in its latest monthly report, said a total of 253.09 billion scf of natural gas was produced in January, while 7.9 per cent or 643.59 million scf per day was flared. --- This episode is sponsored by · Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA Support this podcast: https://anchor.fm/newscast-africa/support

From 2020, Nigerians will experience a hike in the price of electricity supply, as the Federal government has increased the price to be paid for the service by consumers. The Nigerian Electricity Regulatory Commission (NERC) revealed that consumers will have to pay an additional sum of between N8 and N14 for every kilowatt-hour of energy provided by their respective distribution companies (DisCos). Information contained in the NERC documents states that the tariff increase for each DisCo differs. NERC also revealed the actual cost-reflective tariff for each of the 11 power distribution companies operating in Nigeria.   What Abuja DisCo’s (AEDC) customers pay currently and what will be paid from next year is an increase of N9.8/kWh. Similarly, for Benin DisCo (BEDC), the difference between what is currently being paid and the new tariff from next year is an increase of N9.75/kWh. For Eko DisCo, tariff from 2017 to 2019 per kWh was N28.3 in each of the years, while those of 2020 and 2021 were put at N36.8 and N39.2. The difference between what Eko DisCo’s customers pay currently and what they will pay from next year is an increase of N8.5/kWh. It was learnt that customers under Enugu Disco will get a tariff increase of N10.6/kWh from next year. According to the Commission, the allowed end-user tariffs for Enugu Disco for 2019, 2020 and 2021 per kWh are N35.3, N45.9 and N41.6, respectively. For residents who are served by Ibadan DisCo, the end-user allowed tariffs for 2019, 2020 and 2021 per kWh are N30.6, N39.7 and N44.2, respectively. This implies that by next year, power consumers who get supply from Ibadan DisCo will witness an increase of N9.1/kWh in their tariff. In Ikeja DisCo’s franchise areas, customers will have to pay additional N8.2/kWh from next year. This is because the end-user allowed tariffs in the order from NERC put the tariffs for 2019, 2020 and 2021 per kWh at N27.3, N35.5 and N37.1 respectively. Also, in Jos Disco, tariff increases by N10.1/kWh, as consumers under this Disco will have to pay N43.9/kWh by 2020, as against the current N33.8/kWh. Kaduna DisCo’s power consumers will pay an increase of N9/kWh. The end-user allowed tariffs for 2019, 2020 and 2019 per kWh for Kaduna DisCo, as represented by NERC, are N30.3, N39.3 and N41.7, respectively. Also, for Kano DisCo, NERC increased the end-user allowed tariffs from N30.1/kWh in 2019 to N44.7/kWh in 2020 and N41.8/kWh in 2021. This implies that residents who are served by this DisCo will witness an increase of N14.6/kWh in the tariff they pay for electricity. Recent Development: The latest tariff may not come as a surprise just as the government had clearly been premediating the plans to increase electricity tariffs. Nairametrics in an earlier publication in June reported that electricity tariff might rise. The Managing Director of the Transmission Company of Nigeria (TCN), Dr. Usman Gur Mohammed, hinted this while disclosing the Federal Government’s readiness to inject $1.7 billion into the DisCos. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Rotich waited for an hour to read the budget speech, BoI disburses N83.5bn to 776 enterprises in 2015, posts N44.7bn profit, World Bank Cuts 2016 Global Growth Forecast To 2.4%, Oil Hits 2016 High On Nigeria Supply Disruptions, Africa needs a skills revolution, says Dlamini-Zuma, Ramaphosa urges action as GDP shrinks, Inflation bites into house price increases, No more cuts during network maintenance, says Kenya Power, Al-Shabaab raids Ethiopian army base, South Africa terror alerts spark diplomatic tensions, Without a Cabinet, Museveni reads own budget as opposition protests --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Rotich waited for an hour to read the budget speech, BoI disburses N83.5bn to 776 enterprises in 2015, posts N44.7bn profit, World Bank Cuts 2016 Global Growth Forecast To 2.4%, Oil Hits 2016 High On Nigeria Supply Disruptions, Africa needs a skills revolution, says Dlamini-Zuma, Ramaphosa urges action as GDP shrinks, Inflation bites into house price increases, No more cuts during network maintenance, says Kenya Power, Al-Shabaab raids Ethiopian army base, South Africa terror alerts spark diplomatic tensions, Without a Cabinet, Museveni reads own budget as opposition protests --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/africanperspective/support

Rotich waited for an hour to read the budget speech, BoI disburses N83.5bn to 776 enterprises in 2015, posts N44.7bn profit, World Bank Cuts 2016 Global Growth Forecast To 2.4%, Oil Hits 2016 High On Nigeria Supply Disruptions, Africa needs a skills revolution, says Dlamini-Zuma, Ramaphosa urges action as GDP shrinks, Inflation bites into house price increases, No more cuts during network maintenance, says Kenya Power, Al-Shabaab raids Ethiopian army base, South Africa terror alerts spark diplomatic tensions, Without a Cabinet, Museveni reads own budget as opposition protests --- Send in a voice message: https://anchor.fm/africabusinessnews/message Support this podcast: https://anchor.fm/africabusinessnews/support

The star cluster known as NGC 1929 is embedded in a cloud of gas and dust, which astronomers call the N44 nebula.