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 […]
Estimated billing: Nigeria needs 8 million new meters — Nebo
The Minister of Power, Professor Chinedu Nebo has attributed the estimated bills given to Nigerians by distribution companies to the eight million meter shortage in the country.
Gas to power: CBN offsets PHCN N36.9bn legacy debt
The Central Bank of Nigeria, CBN, has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding Company of Nigeria, PHCN, over the last few years.
Crude price decline: PENGASSAN seeks labour, employers collaboration
With the decline in the global prices of oil, workers in Chevron under the aegis of Chevron Branch of Petroleum and natural Gas Senior Staff Association of Nigeria (PENGASSAN), have emphasised the need for the employers of labour and workers unions in the country to collaborate on ways to mitigate the effects on the employee, companies’ operations and the economy at large.
OPEC members face tough decision ahead Thursday’s meeting
Members of the Organization of Petroleum Exporting Countries (OPEC) have a tough decision to make ahead of Thursday’s meeting over whether to cut output in the wake of a 30 percent slump in crude prices since June.
Shell shuts 200,000bpd Trans Niger Pipeline
Nigeria’s oil exports were disrupted after Shell Petroleum Development Company, SPDC, yesterday, shut the Trans Niger Pipeline, after it discovered a leak on the pipeline.
