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 […]
How Nigeria lost over N16trn to Oil Theft in 11 Years
Nigeria Extractive Industries Transparency Initiative, NEITI, has again exposed the sleaze inherent in the oil and gas industry in the country.
Minister extols Waltersmith Refinery, NCDMB for enhancing domestic refining
Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board
Nigeria’s rig count drops 13% as oil output rises to 1.4m bpd
NIGERIA’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 per cent
Nigeria’s rig count drops 13% to 13 as oil output rises to 1.416m bpd
Nigeria’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 per cent to 13 in October 2023, from 15 recorded in the preceding month of September 2023.
CBN played key roles in winning $11bn Suit against Nigeria — Ex AGF
By Udeme Akpan, Energy Editor THE former Minister and Attorney General of the Federation, Michael Aondoakaa, has extolled the Central Bank of Nigeria, CBN, for its leading role, which culminated in the nation winning the $11 billion Process & Industrial Developments, P&ID Suit. P&ID had alleged that the contract failed because the Nigerian government breached […]
