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 […]
FG reiterates commitment to regulate use of explosives
ABUJA- THE Federal Government has reiterated its commitment to the regulation for the use of explosives in mining activities by operators in the sector. The reassurance was made by the Minister of Mines and Steel Development, Mr. Musa Sada, while delivering a keynote address at the Stakeholders Forum on the Draft Explosives Act and Regulations held in Abuja. Sada said that the ministry deemed it necessary to convey the meeting to take stock of views and inputs by stakeholders in the mining industry on the Explosives Act, as it concerns new provisions for export, use, and security of explosives.
Universal Energy commences commercial oil production at Stubb Creek
UNIVERSAL Energy Resources Ltd said it has commenced crude oil production from its Stubb Creek Field in Akwa Ibom State. The development followed the approval to embark on delivery of oil through the ExxonMobil’s Qua Iboe Terminal, which came on stream in early February 2015.
Ethiopia’s electric power coverage reaches 55%
Addis Ababa — The Ethiopian Electric Power (EEP) said that electric power coverage in Ethiopia has now reached 55 per cent from only 17 per cent 24 years back. EEP External Public Relations Director, Miskir Negash, said that the coverage rose significantly during the past years owing to the due attention given by the ruling party- The Ethiopian People’s Revolutionary Democratic Front (EPRDF).
The power sector and the incoming Buhari administration (2)
There are many power sector projects that are being executed by the Niger Delta Power Holding Company, NDPHC. Over the years, the public had been told to expect improvements in the power supply available on the national grid and these improvements were to come from NDPHC projects. The NDPHC has as its owners the Federal Government, FGN, the State Governments, and the Local Governments. The NDPHC projects are collectively described as the National Integrated Power Projects, NIPP.
Mixed reactions trail proposal to sell 30% JV assets
MIXDD reactions have followed the advice given by Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, to the President-elect, Gen. Muhammadu Buhari, over the sale of about 30 per cent out of the 55 percent stakes held by the Federal Government in Nigeria’s Joint Venture, JV operations with international oil companies, IOCs, to enable the new government raise funds for developmental purposes.
