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 […]
It’s cheaper to import petrol than refine locally — Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that at the moment, importing Premium Motor Spirit, PMS, also known as petrol, is cheaper than producing the product in the country’s refineries.
NLNG’s $12m education project bags Abuja Chamber award
The Nigeria LNG Limited, NLNG, has bagged the 2016 Excellence Award, from the Abuja Chamber of Commerce and Industry, ACCI, for its $12 million pan-Nigeria University Support Programme, USP.
Self-dispensing filling station debuts in Lagos
LAGOSIANS may no longer need the services of petrol station attendants to buy fuel, as a 24-hour, self-dispensing filling station debuts. The station, owned by Pinnacle Oil and Gas Limited, has 28 nozzles, with each dispensing pump having POS receipts.
Production cut may not resolve oil glut — IEA
DESPITE Nigeria’s lobbying of some Organisation of the Petroleum Exporting Countries, OPEC, to cut production, to shore up global crude oil prices, the International Energy Agency, IEA has said that cutting production may not resolve the current oil glut.
FG to end $7.4bn JV cash call this year
THE Federal Government said it will terminate the funding of a $7.39 billion, about N1.478 trillion per annum Joint Venture, JV cash call obligation before year end.
