Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Power sector revenue grows by 40% in three months
By Obas Esiedesa Six months into the Federal Government’s intervention in the revenue process of the power sector, the latest figures have shown that revenue grew by 33.93 percent in the last three months to N184.26 billion as of February, 2021. The Presidential Power Sector Working Group had in September 2020, intervened in the collection […]
NERC approves N215.68bn for Ikeja, Eko DisCos upgrades
The Nigerian Electricity Regulatory Commission (NERC) has given approval to Ikeja Electric Plc to invest the sum of N121.92 billion for infrastructure upgrade across its network within a period of five years. NERC, which is the regulator of Nigeria’s electricity sector, also approved N93.76 billion for Eko Electricity Distribution Company (EKEDC) to upgrade infrastructure across […]
Electricity: Consumers, experts, others react as NERC plans new tariff review
By Udeme Akpan & Ediri Ejoh Consumers of electricity, experts, others, Tuesday, reacted as the Nigerian Electricity Regulatory Commission (NERC) plans a new tariff review in the nation. In its notice issued April 26, 2021, NERC had stated: “Accordingly, this notice is issued to inform the general public and industry stakeholders of the Commission’s intention […]
Nigeria’s rig count drops by 55.34% in Q1 ‘21
By Udeme Akpan THE rig count of Nigeria has dropped by 55.34 per cent in the first quarter, January–March, 2021 to 19, according to data collated from recent reports of the Organisation of Petroleum Exporting Countries, OPEC. The rig count, a major index of measuring activities in the upstream sector, had stood at 65 in […]
Electricity tariff hike looms in Nigeria as NERC concludes ‘extraordinary review’
By Ediri Ejoh with Agency Report There are indications of possible hike in electricity bills in Nigeria as the Nigerian Electricity Regulatory Commission, NERC, said it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies, DISCOs. In a notice obtained from its website, NERC stated that the review was pursuant to […]
