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 […]
Nigeria earns N475bn from India, Netherlands, Brazil in one month
Three countries – India, the Netherlands, and Brazil, spent $2.97 billion, about N475.08 billion in the purchase of crude oil from Nigeria in the month of February 2014, data released from the Nigerian National Petroleum Corporation, NNPC, has revealed.
IKEDC deploys N1bn for system upgrade
The Chief Executive Officer, CEO of Ikeja Electricity Distribution Company, IKEDC, Mr Abiodun Ajifowobaje, said that over N1 billion had been deployed to drive various projects within the company.
FG tasks firm on embedded generation in South-East
The Federal Government has challenged the Genesis Electricity Company, to take advantage of the enormous gap in energy need of industries especially in the area of embedded power generation to light up the South-East zone.
Northern Nigeria gets N3.4bn EU grant for solar, wind farms
ABUJA: The Federal Government has explained that a chunk of N3.4 billion grant by the European Union, EU, will be used to boost renewable energy specifically solar and wind farms in the northern part of the country.
Nigeria’s offshore rig count reduces by 7
Apparently influenced by the diminishing global rig count and the cash crunch being experienced by the Nigerian National Petroleum Corporation, NNPC, in the execution of its joint venture projects, Nigeria’s rig count reduced by seven in June 2014, the International Association of Drilling Contractors, IADC said.
