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 […]
How transparency, accountability drive NNPC’s journey toward profitability
By Udeme Akpan With the outbreak of the Coronavirus pandemic, popularly known as COVID-19, significant reduction in economic activities, drop in oil demand, and the collapse of oil prices, many oil and gas companies were compelled to embark on cost optimization, contract renegotiation, and operational efficiency. Loss reduction Barely a year after, the adoption of […]
Mambila power project not captured in 2021 Budget ― Senate
By Henry Umoru – Abuja The Senate has expressed shock and disappointment has it discovered that the much talked about Mambila Power Project was not allocated a Kobo by the Federal Government in the 2021 Budget. The Mambila Power Project was designed to help improve power generation and supply in Nigeria. Mambila hydropower project is […]
Chevron moves to sack 25% workforce in Nigeria
As operators continue to face tough times By Udeme Akpan Chevron Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has concluded plans to sack 25 per cent of its workforce in Nigeria. The decision is targeted at cutting the cost of its operations, which has been […]
A New Energy Source: Electro-Centric Energy
By Adeyemi Adewole As an electrical engineer, I have often wondered why electrons never run out of energy though they are always in motion. It is well known that a moving body will slow down and finally stop due to loss of energy. I figured that the only reason why electrons never run out of […]
Days of crude oil are numbered ― FG
Seeks quick passage of PIB by NASS We are going to be thorough in the Passage of PIB ― Gbajabiamila National Assembly will read President’s Communication Tuesday Urges Ministry to Educate NASS on the content of the Bill By Henry Umoru STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil […]
