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 […]
NCDMB moves to save $3.5bn capital flight
THE Nigerian Content Development and Monitoring Board, NCDMB, has ordered International Oil Companies, IOCs, operating in the country to ensure the implementation of the Nigerian Oil and Gas Industry Content, NOGIC Act, or face immense pressure from the federal government.
Ogoni spill: Shell supplies water to communities
THE Shell Petroleum Development Company, SPDC, said it has been supply portable water to communities affected in the Ogoni spill saga, which has occupied recent discourse on environmental pollution in the international scene.
Senate calls for sacking of management of Ajaokuta Steel
THE Chairman, Senate Committee on Power and Steel Development, Senator Philip Tanimu Aduda, has ordered the Minister of Mines and Steel, Musa Sada, to as a matter of urgency dissolve the Interim Management Committee of Ajaokuta Steel Company for their roles in the sale of equipment of the steel company.
Diezani Madueke faults NEITI on NNPC’s oil proceeds
The Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, weekend denied that the NNPC made illegal deduction from the sale of crude oil as alleged by the Nigeria Extractive Industries Transparency Initiatives ( NEITI).
Skill acquisition crucial to success of local content policy- Okoigun
Indigenous companies operating in the oil and gas sector have been asked to pay serious attention to the training and retraining of Nigerians in their employment to enable them acquire the necessary skills and expertise that will be crucial to the success of the Nigerian Oil and Gas Industry Content Development Act
Why FG will not negotiate with GHIL on Ajaokuta – Minister
The Minister of Mines and Steel Development, Arc. Musa Mohammed Sada has stressed that the Federal Government would not entertain an out of court settlement nor would it enter into further negotiations with Global Infrastructure Holdings Limited, GIHL, over the cancellation of the concession of Ajaokuta Steel Company Limited (ASCON).
Tricontinental develops new oil and gas technology
As part of contributions to the ongoing efforts to create an enduring environment for the growth of the Nigerian oil and gas sector, Tricontinental Technologies Limited, a division of the Tricontinental Group has recorded a giant stride through its technological initiatives to eliminate downtime in the industry.
Nigeria Vulnerable to oil price fluctuations – Sanusi
Nigerian government finances remain highly vulnerable to oil price fluctuations and Africa’s top oil producer is likely to be affected by a worsening of global economic conditions, central bank Governor Lamido Sanusi said.
US offers $1.5b facility for Nigeria’s Power Expansion
IN an effort to accelerate the its transformation agenda in the power sector, the federal government has signed a memorandum of understanding (MOU) with the United States of America which would enable independent power producers in Nigeria to access up to $1.5billion facility to purchase electric power equipments and services from the United States.
Multinationals responsible for dearth of downstream sector – Ubah
AFTER half a century of oil exploration and production in Nigeria, Downstream operators have lamented the exploitative mode of operation of the multinationals in developing the upstream sector at the detriment of the downstream.
Research: key to socio-economic devt in Niger Delta
The incessant crisis in the oil rich Niger Delta region of the country could be linked to the past failure of developmental efforts to recognize the pivotal role research plays in driving the socio-economic needs, growth and development in the region.
FG demands professionalism, ethics in extractive activities
The Federal Government has urged operators in the nation’s extractive industries to operate in a professional manner that will ensure the sustainability of the environment and help create immense opportunities for wealth for millions of Nigerians.
Deregulation: Africa downstream operators converge in Abuja
Following the imminent deregulation of the downstream sector via the proposed subsidy removal from 2012, major stakeholders in the downstream oil sector are poised to gather in Abuja for this year’s Africa Oil Trading and Logistics Expo (OTL Africa Downstream) which will brain-storm on the total deregulation of the sector.
DPR highlights challenges of HSE complance in deepwater
THE department of petroleum resources has highlighted some of the challenges encountered by operators in achieving Health, Safety and Environmental, HSE, compliance in deepwater facility development projects.
Adding that the Nigerian petroleum regulations and status has provided that adequacy of safety provision be achieved from concept selection stage through operations to decommissioning.
NERC outlines efforts to ensure safety of electricity stakeholders
THE Nigeria Electricity Regulatory Commission, NERC, has outlined efforts at ensuring the health and safety of electricity stakeholders nationwide.
