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 […]
Global economy not strong to absorb oil price at $100/barrel —IEA
THE Energy International Agency IEA, yesterday cautions that the world economy cannot afford an oil barrel price hitting $100 per barrel.
Electricity: Insurgents responsible for Maiduguri blackout — TCN
The Transmission Company of Nigeria has said that Maiduguri and its environs have been cut off from the National Grid since January 17, 2020, due to damages to TCN’s equipment by insurgents.
1.6 mbpd modular refineries contribution hits dead end — Investigation
There are indications that the Federal Governments’ plan to meet an efficient production capacity of additional 1.6 million of barrels per day, may meet dead end, as lack of funds and inefficient policies in the petroleum sector continue to hamper the refineries coming on stream.
Oil theft: Nigeria records 2,146 vandalised point in one year
Despite the calmness in the Niger Delta region, the Nigerian National Petroleum Corporation, NNPC, recorded a total of 2,146 vandalised points in one year.
DPR to issue licence to NDPR for additional 5,000bpd modular refinery
The Department of Petroleum Resources, yesterday, said it is set to grant a Licence to Operate, , LTO, to Niger Delta Petroleum Resources, NDPR, for the installation of an additional 5,000 barrels per day modular refinery at Ogbele, Ahoada in Rivers State.
