Oil & Energy
Fire Guts TCN’s Power Plant In Ibadan

A power plant belonging to the Transmission Company of Nigeria (TRC) located at Ring Road in Ibadan, the Oyo State capital was gutted by fire yesterday.
The fire incident while attracted the attention of security agents, firefighters and other residents who were trying to reduce the damages, lasted for more than one hour.
The cause of the fire and the extent of damage is yet to be ascertained as at the time of filing this report, but, firefighters were still at the plant station trying to control the fire.
Though, there are speculations that the power plant belongs to the Ibadan Electricity Distribution Company (IBEDC), Regional Communication Officer, Oyo Region of IBEDC, Frank William, confirmed that the power plant belongs to Transmission Company of Nigeria (TRC) and not IBDEC as being speculated.
“This is a fire outbreak at TRC Plant in Ring Road Ibadan. I can confirm to you. But, it does not belong to IBDEC. It is under Transition Company of Nigeria.
“Fire fighters are there and I can confirm that there is a high level of damage control”.
Efforts made by The Tide to get the reaction of the Head of Fire Service in Oyo State, Mr. Mashood Adewuyi, proved abortive.
The Tide reports that the fire incident at TRC plant came barely twenty four hours after a fire outbreak was recorded along the Akala Expressway Elebu area of Ibadan.
On Tuesday, some shops and houses were affected when fire broke out along the Akala Expressway, near the popular Club 360 along Akala Expressway, Elebu, Ibadan.
It was gathered that the fire incident which razed shops on that axis in the early hours of Tuesday broke out from one of the shops.
Oil & Energy
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute

Oil & Energy
Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope

Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
-
Sports2 days ago
Plateau Wins Kanemi, As Bayelsa, Bendel Played 1-1
-
Education2 days ago
VC Congratulates Igwe on Appointment as Pro-Chancellor
-
Politics2 days ago
Alleged Attack On Abure In Benin, LP Calls For Investigation
-
Sports2 days ago
La Liga: Atletico Bring Real Back To Earth
-
Maritime2 days ago
Customs, MAN Consent On 4% FoB Exemptions, Manufacturing Support Measures
-
Rivers2 days ago
IAUE Emerges Winner Of National Campus Debate, 2025
-
News2 days ago
FUBARA: UNDERUTILISED SEAPORTS DENYING RIVERS ECONOMIC PROSPERITY ……..Hosts NPA Board, Mgt On Courtesy Visit
-
Opinion2 days ago
94 Years From A Turning Point