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 sells multi – billion naira Delta steel company to automobile firm
THE Minister of Mines and Steel Development, Mr. Mohammed Sada Tuesday said that the Federal Government through the Assets Management Company of Nigeria, has perfected necessary arrangements to sell the Delta steel company to an automobile firm.
Power: How vandals constrained generation to 4,500MW— Minister
The Federal Government has expressed grave concerns over the sustained vandalism of gas pipelines, noting that the incidents have constrained gas supply to power plants and held generation at less than 4,500 megawatts, MW. The Minister of Power, Prof. Chinedu Nebo, who stated this while speaking at an event in Abuja, regretted that once the power generation was approaching 5,000MW, the vandals struck and brought it down to about 3,000MW
Readers response to ‘You can Invest’
Last week’s article concluded the series on “You can Invest”. Expectedly the series generated some reactions from readers in the form of questions and comments. A few of the questions and our responses are presented below for the benefit of other readers.
Top 10 performing stocks
On the top 10 performing stocks last week were the shares of Guaranty Trust Bank Plc, Okomu Oil Palm Plc, FBN Holdings Plc, Seplat Petroleum Development Co. Plc, Presco Plc and May & Baker Plc.
NERC issues licences to companies to generate 590MW
The Nigerian Electricity Regulatory Commission has issued two on-grid licences to KVK Power Nigeria PVT Limited, and Aluminium Smelter Company of Nigeria, ASCON Plc to generate 590 megawatts, MW, of electricity from solar and gas respectively. The Commission in a statement issued last week in Abuja, explained that KVT Power would be located in Yabo, Sokoto State, adding that the firm had met the requirements for the granting of 50MW on-grid generation licence with no objection received from the general public to its application.
