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August 24, 2023 NERC Urges Power Consumers To Update Meters

NERC Urges Power Consumers To Update Meters

The Nigerian Electricity Regulatory Commission has issued a crucial advisory to electricity consumers nationwide, urging them to take action and upgrade their prepaid meters before November 2024 to avoid any inconvenience.

This counsel comes in response to a power distribution company's notification, clarifying that those un-updated prepaid meters will cease to function starting from November of the following year. This aligns with the established international norm for prepaid electricity meters.

In a recent announcement shared on X (formerly known as Twitter) and observed on a Wednesday, the commission conveyed, "If you currently utilise a prepaid meter, the time might be ripe for an upgrade. As of November 2024, recharging your meter could become unfeasible without the necessary update. The process of upgrading is straightforward and comes at no cost."

The commission further elaborated, "Distribution companies (Discos) are set to initiate the distribution of two complimentary Key Change Tokens, designed to facilitate the meter update procedure. It's important to note that this upgrade will not impact the meter's existing unit balance or alter its standard operating speed. Don't hesitate to contact your Disco for more detailed information."

I want you to know that taking this advisory seriously and acting upon it promptly will ensure uninterrupted access to electricity services beyond the impending deadline. By adhering to this directive, consumers can avert any inconveniences associated with outdated prepaid meters.

August 21, 2023 Exploring Collaborative AI Initiatives By African Scientists

Exploring Collaborative AI Initiatives By African Scientists

A diverse group of content creators, including writers, editors, linguists, software engineers, and entrepreneurs, have shared their valuable insights, experiences, motivations, and challenges in the journey of establishing a robust foundation for language tools.

Engaging conversations with these stakeholders has underscored four pivotal elements that shape the design of language tools for African languages.

Firstly, the intricate fabric of Africa's multilingual landscape must be acknowledged, considering the lasting impact of historical colonization. Indigenous languages carry profound cultural significance while playing vital roles in education, politics, and economics. Secondly, fostering the development of African content stands as an imperative goal. This encompasses creating fundamental tools like dictionaries, spell checkers, and language-specific keyboards. It also involves dismantling financial and bureaucratic barriers that hinder translating government communications into multiple national languages, spanning the African linguistic spectrum.

Furthermore, the nexus of linguistics and computer science requires nurturing, as their synergy generates innovative solutions centred on human needs. Upholding ethical standards and engaging the community throughout data collection and utilization processes remain equally vital.

As the team advances, they will address potential obstacles hindering equitable access to this technology. Their comprehensive study is a roadmap for crafting various language tools, ranging from translation services to content moderation to combat misinformation.

"I envision a world where Africans can enjoy a quality of life and access to information and opportunities that are on par with individuals fluent in English, French, Mandarin, and other major languages," expresses Siminyu.

"The landscape of organizations invested in this realm is expanding, and our study provides a framework to synchronize efforts in constructing impactful language tools. The insights precisely outline priorities regarding time and financial investments," added Siminyu.

August 15, 2023 No Intention of Raising Petroleum Pump Prices, States NNPCL

No Intention of Raising Petroleum Pump Prices, States NNPCL

The Nigeria National Petroleum Company Limited (NNPCL) has affirmed its commitment to maintaining the current retail price of petroleum, dispelling any notions of an impending increase.

 In a statement released through its official communication platform on Monday night, the oil firm addressed recent media reports suggesting a potential hike in petroleum pump prices.

Contrary to these reports, the NNPCL categorically stated that it has no plans to elevate the existing rate of N617 per litre to a range between N720 and N750 in the upcoming weeks. The company's stance is grounded in its dedication to serving its valued customers and fostering trust within the industry.

“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not intend to increase its petrol pump prices as widely speculated; please buy the best quality product at the most affordable prices at our NNPC Retail stations nationwide”, the NNPCL said.

With this reaffirmation, the NNPCL seeks to underscore its commitment to consumer satisfaction while dispelling any uncertainties surrounding potential price changes.

August 14, 2023 Marketers Suspend Fuel Imports, Propose N720/Litre Amid Forex Crisis

Marketers Suspend Fuel Imports, Propose N720/Litre Amid Forex Crisis

Oil Marketers Warn of Potential N680-N720/Litre Petrol Price Amidst Forex Fluctuations

Oil marketers have issued a cautionary statement, revealing that the cost of Premium Motor Spirit (petrol) could surge to a range of N680 to N720 per litre in the upcoming weeks if the dollar's trading range continues at N910 to N950 in the parallel market.

The scarcity of foreign exchange has prompted dealers to delay plans for importing PMS, with the Central Bank of Nigeria's official window for forex (which offers a lower exchange rate of about $740/litre) remaining illiquid and unable to meet the importation needs of $25 million to $30 million required by dealers.

This scarcity has led to the suspension of petrol imports by initially eager dealers. Even the sole importer, Emadeb, is struggling to recover its investment due to the depreciation of the naira.

Key figures within major oil dealer organizations, including the Major Oil Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria, and Petroleum Products Retail Outlets Owners Association of Nigeria, have emphasized the urgent need for government intervention to address this crisis.

Chief Chinedu Ukadike, the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, highlighted how forex fluctuations impact petrol prices. He stressed that when the naira weakens against the dollar, it directly affects prices due to the demand and supply dynamics of forex. He also noted that forex is critical in various sectors, not just petroleum products.

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