IN spite of ongoing epileptic power supply across the country, revenue collection by eleven electricity distribution companies, DisCos rose by 30 percent in the first nine months of 2023 to N782.74 billion when compared to N598.13 billion collected over similar period in 2022, latest data from the Nigerian Electricity Regulatory Commission, NERC, has shown. 

AS the $20 billion Dangote Refinery begins operations, experts have stated that it will culminate in the boosting of Nigeria’s foreign exchange generation and conservation.

DESPITE many challenges, there are indications that Nigeria, a leading African oil and gas producing nation, recorded many feats in 2023, due to the positive impact of the Petroleum Industry Act, PIA.

This is even as the nation’s 2024 outlook looks bright in medium and long term, according to available reports and experts.

THERE were fresh fears over the successful implementation of Nigeria’s 2024 budget as the price of Bonny Light dropped to $76.19 per barrel in the global market.

THE year 2023 marked the tenth-year anniversary of the partial privatization of the power sector in which the Federal Government handed over to the private sector its 60 per cent stakes in 11 electricity distribution companies, sold or concessioned seven power generation plants and retained full ownership of the transmission company.