THE average cost of installing solar systems in the country has risen by 120 per cent to N550,000 in 2023, from N250,000 in 2022, due mainly to inflation and the depreciating value of the naira/dollar.

The United States government has expressed optimism that Electric Vehicles, as critical technologies, will facilitate the clean energy transition, creating new economy jobs for many Nigerians in the process.

Consumers in the country paid N247.09 billion for electricity in the first quarter of 2023, an increase of 1.14 percent compared to N243.65 billion paid in the fourth quarter of 2022, as the latest report from the Nigerian Electricity Commission, NERC, has shown.

DESPITE the Federal Government commitment to achieving zero flaring by 2060, on a year-on-year, YoY, basis, gas flaring increased by 10 per cent to 138.7 million metric standard cubic feet, MSCF, of gas in the first half (January – June) of 2023, from 126.1 MSCF in the corresponding period of 2022.

Nigeria’s average electricity generation rose by 8.6 per cent year-on-year, YoY to 3,970.33 megawatts, MW in July 2023, from 3,655.64MW recorded in the corresponding period of 2022.

Leading Electricity Distribution Company, Ikeja Electric Plc (IE), has signed a  Memorandum of Understanding, MoU, with two renowned Original Equipment Manufacturers (OEMs), Messrs Kabelmetal Nigeria Plc and Nigerchin Limited for the supply of customized electricity cables for its network.

Despite  widespread blackouts across the country, it has emerged that only 53 per cent of the available power generation capacity in Nigeria was utilized in the past eight years due to gas supply shortages, transmission and distribution constraints, and commercial challenges.

Despite an impressive leap in 2021, the price of Nigeria’s Bonny Light dropped year-on-year, YoY, by 40.8 per cent to $74.18 per barrel in June 2023, from $125.22 per barrel, recorded in the corresponding period of 2022.

By Obas Esiedesa The Independent Oil Marketers Association of Nigeria, IPMAN, has faulted allegation that the Petroleum Tanker Drivers, PTD, was extorting N200,000 from its members. IPMAN in a statement by its National Secretary, John Kekeocha described the allegation as false, explaining that it was aware of the statutory monies given to drivers as dispatches, […]

THE Nigerian Electricity Regulatory Commission, NERC, and Electricity Distribution Companies, DisCos, have concluded plans for a fresh public hearing on electricity tariff review.

THERE were fears over possible blackout as electricity generation dropped, yesterday, to 3,314 megawatts, MW, from 4,595.7MW, recorded last Monday, indicating a drop of 27.88 per cent.

THERE were strong indications, weekend, that the Hydro-Electric Power Producing Areas Development Commission, HYPPADEC, could generate an average of N1.8 billion monthly for the development of host communities, based on data obtained from Nigerian Bulk Electricity Trading (NBET) Plc.

THE Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has cautioned against the current panic over the planned removal of petrol subsidy in Nigeria.

NNPC Limited downstream subsidiary, NNPC Trading Limited grew its profit by 261 percent to N12.95 billion in 2021, from N3.59 billion in 2020, latest figures from the oil company has shown. Data released by NNPC Downstream Directorate in Abuja showed operating under its former name PPMC (Petroleum and Pipelines Marketing Company), NNPC Trading also reduced […]

BUREAUCRACY, lack of cooperation and other factors have been identified as reasons militating against the release or clearing of eight power transformers meant for Nigeria’s Presidential Power Initiative, PPI, at Apapa port in Lagos.