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 […]
Oil prices stagnate as OPEC+ continues negotiations
Oil prices have hardly moved at the start of the week, as a cautious market awaits stalling talks between the major oil-producing nations on future production policy. A barrel (159 litres) of North Sea Brent cost 76.18 dollars on Monday morning, about the same as on Friday. The price of a barrel of the U.S. […]
Metering: Community leaders decry estimated billing in Ikorodu
Two community leaders in Ikorodu area of Lagos State have condemned continuous estimated electricity billing by officials of the Ikeja Electricity Distribution Company in the area. They told the News Agency of Nigeria (NAN) in separate interviews on Saturday that most electricity consumers in over 100 Communities in Ikorodu area were not metered and have […]
Positive reactions, as NASS passes PIB with two regulators
Experts and other stakeholders working in Nigeria’s petroleum industry have expressed optimism that reforms needed to grow the sector would happen following the passage of the Petroleum Industry Bill, PIB, by the National Assembly on Thursday.
FG’s equity in Dangote, other refineries will guarantee security ― Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government decision to acquire 20 per cent equity stake in all private refineries is to guarantee energy security and stability in the country. Sylva disclosed this when he received an award from a group called “Corruption Reporter,” on Thursday in Abuja. The […]
Explainer: 10 things to know about Nigeria’s PIB
The previous administrations failed to pass it into law because of many factors, especially politics, sectional interests, and lack of political will.
