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 […]
Hope rises on 2024 budget as Bonny Light price hits $79 per barrel
THERE was hope that Nigeria’s 2024 budget will be successfully implemented as the price of Bonny Light rose to $79.08 per barrel, weekend, from $76 per barrel in the global market.
Electricity: DisCos’ revenue collection rises 30% to N782.74bn
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.
$20bn Dangote Refinery to boost Nigeria’s foreign exchange generation, conservation — Experts
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.
Nigeria’s rig count rises 75% as 2024 outlook seems bright
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.
Fears over Nigeria’s budget 2024 as Bonny Light price drops to $76.19 per barrel
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.
