Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
NERC promises to protect workers’ welfare
The Chairman of Nigerian Electricity Regulation Commission, NERC, Dr. Sam Amadi, has said that the responsibility of protecting workers’ welfare does not end in spite of the peaceful and satisfactory settlement of labour dispute in the aftermath of privatisation exercise.
NPDC to grow oil revenue by N2.75bn daily
Nigeria’s crude oil revenue is set to grow by $17.17 million, about N2.75 billion daily, as the Nigerian Petroleum Development Company, NPDC, is projecting a crude oil production of about 160,000 barrels per day, bpd.
Nigerian Machine Tools ready for production
Pioneer tools company, the Nigeria Machine Tools Limited, NMT has stated its readiness to commence full production, aimed at delivering value to critical sectors of the economy.
NNPC nears financing launch for Trans-Nigeria pipeline
Nigerian National Petroleum Company, NNPC, is close to launching a multi-sourced financing for the roughly US$2.5 billion Trans-Nigeria Gas Pipeline, TNGP project.
N27.7bn Chad basin oil exploration suffers setback
The Federal Government’s desire to achieve commercial oil production in the Chad Basin this year may not come to fruition, due to insecurity caused mostly by Islamic insurgency under the code name, Boko Haram.
Vanguard learnt that the various technical personnel who provided support services for exploration activities have left the region from fear of being killed, while geologists in the Nigerian National Petroleum Corporation (NNPC), also shunned the volatile Basin in Borno State for fear of losing their lives.
