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Power generation falls  37% as DISCOs lose N129bn, record 184,024 complaints

Power generation falls  37% as DISCOs lose N129bn, record 184,024 complaints

•As Nigerians, businesses groan over 3,885.72MW generation;  •NERC: Metering, billing, supply interruptions dominate complaints •DISCOs’ ATC&C losses hit 36.23% in Q2 By Ediri Ejoh Nigerians and businesses are set to grapple with worsening electricity supply as power generation yesterday plunged by 37.17 per cent to 3,885.72 megawatts (MW), even as electricity consumers filed 184,024 complaints […]

2027: Increased hardship putting Nigeria’s future at risk — Rivers Chieftain

2027: Increased hardship putting Nigeria’s future at risk — Rivers Chieftain

By Egufe Yafugborhi A Rivers State political chieftain, Sir Korka Waadah, has expressed concern over Nigeria’s economic and political outlook ahead of the 2027 general elections, warning that worsening economic hardship and political uncertainty could pose challenges for the country’s stability. Waadah, Executive Director, Compassionate Heart Foundation, Canada, who spoke on the state of the […]

Tekno thrills London crowd at Independence concert

Tekno thrills London crowd at Independence concert

Nigerian Afrobeats star Tekno thrilled music lovers in London with a high-energy performance at Village Underground as part of Nigeria’s 66th Independence celebrations. The concert, held on Sunday, October 4, brought together fans of the singer, who performed songs from across his catalogue, including some of his biggest hits and recent releases. Sponsored by emPawa […]

NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd

NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd

•120 projects attract $47.6bn investment since 2024 •Nigeria accounts for 38% of Africa’s upstream investment •1.82mbpd figure includes condensate By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday announced the offer of 40 oil blocks in the 2026 licensing round, as Nigeria intensifies efforts to attract fresh capital into the upstream sector, […]