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 […]
Shell’s $2.4bn Gbaran projects to boost gas supply
Shell Petroleum Development Company of Nigeria Limited, SPDC, operator of the Nigerian National Petroleum Corporation, NNPC/SPDC joint venture, has disclosed that its planned $2.4 billion investment in the Gbaran-Ubie Phase Two project will ensure 100 per cent capacity utilisation of the plant.
NIMASA serves detention order on NLNG vessels
The row over the payment of levies between the Nigerian Liquefied Natural Gas Company Limited, NLNG, and the Nigerian Maritime Administration and Safety Agency, NIMASA, took a new dimension at the weekend, as the latter served a detention order on vessels belonging to NLNG for none compliance to pay $20 million outstanding debts.
TCN attributes 1,598MW drop in power to pipeline vandalism
The Transmission Company of Nigeria (TCN) has said that the sudden loss of 1,598 mega watts of power on Sunday is due to gas shortages resulting from the vandalism of two major gas pipelines supplying gas to eight power plants in the country.
Nigeria secures N128bn from equipment manufacturers
The Nigeria Content Development Monitoring, NCDMB, said the country has secured over N128 billion ($800 million) investments from oil and gas equipment manufacturers and their representatives for the next three years.
Nigeria missing from global shale production
Nigeria is nowhere to be found in the growing list of shale oil and gas production in the world. In a recent report by the United States-based, Energy Information Administration, EIA, (statistical and analytical agency within the U.S. Department of Energy), the most prospective shale formations are found in a group of 41 countries.
