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 […]
Oando seeks legislation on renewable energy use
Oando Energy Resources, OER, has called on governments at all levels to develop legislative and regulatory frameworks to drive renewable energy use.
Fossil fuel’ll remain dominant till 2040 —ExxonMobil
Despite the significant successes in alternative fuels, the use of fossil fuel or hydrocarbons will remain dominant until at least 2040, America’s oil giant, ExxonMobil has predicted.
Union Bank lends N194bn to energy firms
Union Bank Nigeria Plc lent about N193.6 billion to energy firms in two years, 2013 and 2014, amid fears by the Central Bank of Nigeria, CBN that Nigerian banks are in danger of capital erosion due to falling oil price in the international market.
Solar energy to boost cottage industries in villages soon
TWO weeks ago, United Nations Development Programmes, UNDP, and the Bank of Industry, BOI, empowered two local firms in the renewable energy sector with loans totaling over N160 million, to connect Solar photovoltaic (PV) panels to 1, 200 houses in remote villages that have not been reached by national grids.
Nigeria loses N174bn to gas flaring — NNPC
Nigeria has lost up to $868.8 million, about N173.76 billion to gas flaring in 2014, according to data obtained from the Nigerian National Petroleum Corporation, NNPC.
