Energy

Consumers pay N1.2trn for electricity in six months — NERC

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 […]
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Electricity supply: FG accuses DISCOs of sabotage

Electricity supply: FG accuses DISCOs of sabotage

NIGERIANS may not have been told the whole truth behind the country’s inadequate power supply, as the Minister of Power, Prof. Chinedu Nebo, has accused distribution companies, DISCOs, of deliberately sabotaging Federal Government’s efforts to improve power supply in the country.

FG to enforce standardisation of electricity installations

FG to enforce standardisation of electricity installations

The Minister of State for Power, Mr. Mohammed Wakil, said that the Federal Government is set to enforce quality control and standardisation of electricity materials installations. Wakil gave the assurance during the official commissioning of the remodeled National Meter Test Station and opening of the Technical Inspectorate Service Field Office in Lagos.

Litigations force govt to renew  pre-privatisation meter contracts

Litigations force govt to renew pre-privatisation meter contracts

The Federal Government is being forced to revalidate contracts entered into by the defunct Power Holding Company of Nigeria, PHCN, for the supply of electricity metres to Nigerians before the privatisation of the generation and distribution segments of the power sector.

Falling oil price: Nigeria, others risk N5.1tn in pipelines projects

Falling oil price: Nigeria, others risk N5.1tn in pipelines projects

NIGERIA among other countries may risk over N5.1 trillion ($30 billion) worth of oil and gas pipelines projects due to the persisting decline in crude oil price. As it stands, some major infrastructure project pipelines are being threatened of being heavily curtailed, as falling oil prices force those governments reliant on oil revenues to make cuts, this is according to the Business Monitor International, BMI’s Infrastructure Key Projects Database.

Contract based electricity trading  kicks off

Contract based electricity trading kicks off

THE Nigerian Electricity Supply Industry, NESI, has commenced the much awaited Transition Electricity Market, TEM, whereby wholesale buying and selling of electricity is based on contractual and regulatory rules. This is sequel to directive by the Nigerian Electricity Regulatory Commission, NERC, announcing the takeoff of the transitional market on February 1, 2015.