4.85m customers still unmetered
•As DISCOs meter 308,106 Nigerians in 2 months By Ediri Ejoh The Nigerian Electricity Regulatory Commission, NERC, yesterday said the Electricity Distribution Companies, DisCos, in Nigeria delivered about 308,106 meters to their customers between May and June 2026. In its latest Metering Status of Distribution Companies Factsheet for May and June 2026, NERC said total […]
Mobil denies involvement in subsidy scam
MOBIL Oil Nigeria, Plc has denied any form of involvement in subsidy scam. The anti-corruption agency is to recover 14.93 billion naira ($95.04 million) in fuel subsidy payments received by Mobil Oil Nigerian Plc, the downstream subsidiary of ExxonMobil group, a parliamentary investigation said.
FG to harvest 10.8MW power from wind farm
The Federal Government said the country’s first ever wind-propelled power project, due for commissioning in July this year in Kastina State, will contribute about 10.8 mega watts to the national grid.
Lagos unveils first household energy and emission calculator
The Lagos State Government, through the Ministry of Energy and Mineral Resources and its implementation agency the Lagos State Electricity Board (LSEB), will today launch the first consumer focused Household Energy and Emission Calculator in Nigeria.
Shell assessing $4bn Nigeria oil projects
The Chief Executive of Royal Dutch Shell Plc, Mr. Peter Voser, has revealed that the oil major is assessing projects that could be worth up to $4billion to boost oil production in Nigeria and cut flaring of associated gas.
Power: Imoke calls for review of gas pricing policy
Cross Rivers State Governor, Mr. Liyel Imoke, has called on the Federal Government to review the current natural gas pricing template, saying that current structure had over the years remained a major disincentive to the gas to power programme and attendant electricity supply shortages in the country.
PETROL SUBSIDY: FG paying for corruption – David West
FORMER Minister of Petroleum Resources, Professor Tam David West has described of petroleum subsidy as worse than the convicted former governor of Delta State, James Ibori.
UBA shares rise on strong Q1 fundamentals
Investors in the Nigerian capital market are reacting positively to the first quarter result of United Bank for Africa (UBA) Plc with the share prices rising for three consecutive days following announcement of pre-tax profit of 200 per cent.
Power supply: TCN installs 60KV transformer in Ikorodu
The Transmission Company of Nigeria said it has installed 60KV in Ikorodu to boost effective power supply.
FG orders 24-hour ports operations
Concerned by the increasing cost of doing business in Nigeria, President Goodluck Jonathan has ordered 24 hours operations at the Nigerian ports in a bid to reduce the number of days for clearing goods as well as make the ports more competitive.
CBN to address complaints against banks’ offshore subsidiaries
The Central Bank of Nigeria (CBN) said it would introduce measures to strengthen the supervision of offshore subsidiaries of Nigerian banks in a bid to address complaints from their regulators.
