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 […]
Exploration: Nigeria’s rig count rises 27.3 % to 14
NIGERIA’s rig count, an index of measuring activities in the upstream sector, has risen on a year-on-year, YoY basis by 27.3 per cent to 14 in July 2023, from 11 in the corresponding period of 2022.
Energy crisis: Cost of solar systems rises 120% to N550,000 as forex, inflation worsen
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.
Electric vehicles will facilitate clean energy transition, new jobs for Nigerians – US
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 pay N243bn for electricity as generation hits 4,334MW
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.
Nigeria loses N373bn as gas flaring rises 10 % in H1’23
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.
