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 […]
Total Nigeria Plc changes name to TotalEnergies Marketing Nigeria Plc — official
Total Nigeria Plc on Thursday said that the company’s shareholders on Aug. 19, voted to change its name to TotalEnergies Marketing Nigeria Plc. This was contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos. Popoola-Mordi said: “The […]
Domestic gas supply to GenCos rises by 20.2% in Q1’21
Domestic gas supply to gas fired generating plants (GenCos) across the country rose significantly by 0.51 million standard cubic feet per day (mmscfd) to 2,505mmscfd in the first quarter (Q1) of 2021.
Electricity: Nigeria needs $400bn in 29 years to power 25m homes ― Minister
By Prince Okafor As the world embarks on energy transition, a fresh indication has emerged that Nigeria needs in excess of $400 billion between now and 2050 to power over 25 million homes. This was the submission of the Minister of State for Power, Mr Goddy Jedy-Agba, during a press conference with newsmen in Lagos […]
Eurafric debunks DPR’s claims on Dawes Island marginal field
By Bestman Michael Eurafric Energy Limited, weekend, debunked claims by the Federal Government on the revocation of the Dawes Island marginal field and the decision to re-award it to Petralon 54. The marginal field is owned by a Joint Venture, involving Eurafric, Tako and Petralon. Addressing the House of Representatives Committee on Public Petitions, Director, Department […]
How OPEC raised Nigeria’s output, others to stabilize oil market
By Udeme Akpan & Bestman Michael The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministers, popularly known as OPEC+, Sunday, increased the output of countries involved in the Declaration of Cooperation, DoC, including Nigeria. The decision, which has authorized the nation to produce 1.829 million barrels per day, mb/d from 2022, was taken at […]
