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 […]
More oil and gas company diversification expected
NEW research by DNV GL shows oil and gas companies are seeking to rebalance business portfolios and reorganizing for a new era. In a period of drawn-out recovery, almost half (49 percent) of senior oil and gas professionals surveyed expect their businesses to diversify into, or invest more in, opportunities outside of oil and gas.
Global energy demand to increase by 40% — OPEC
By 2040, almost 63 percent of global energy demand will stem from developing countries, compared to the current share of 51 percent
Total denies plans to exit Nigeria
TOTAL Nigeria PLC, said it has no plans to leave Nigeria.
DISCOs monthly revenue shortfalls rise to N25bn in 2016
ELECTRICITY Distribution Companies, DISCOs’ remittances to Nigeria Bulk Electricity Trading, NBET, dropped to about 35 percent in 2016 from an average of 65 percent in 2015, with monthly revenue shortfalls rising to N25 billion in 2016 as against N9 billion in 2015.
Oil & gas SURF market projected to rise
IN what seem to be a rising breakthrough for Nigeria, there are strong indications that the country would benefit from the projected growth in Subsea Umblicals, Risers and Flowlines (SURF) market.
