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 […]
Govt, IOCs hold fast to arguments on PIB
The disagreement over the contentious Petroleum Industry Bill, PIB, between the government and the International Oil Companies, IOCs, reared its head again at the just concluded business forum of the Nigerian Gas Association, NGA.
NEITI seeks support for contract transparency
The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the National Assembly to ensure that contract transparency is clearly embedded as a key provision in the Petroleum Industry Bill (PIB).
NSE, Renaissance Capital partner on E & P training
Renaissance Capital, an emerging markets investment bank has partnered with The Nigerian Stock Exchange (NSE) for a one-day Institutional Investors’ Clinic in Lagos to update investors, regulators and operators in the oil and gas sector especially the Exploration and Production aspect.
NIMASA to allow LNG exports after $475 mln loss
Nigerian Maritime Administration and Safety Agency that has blockaded liquefied natural gas exports for three weeks, costing $475 million in revenue, agreed Friday to end its action after resolving a fees dispute, the company said.
Nigeria second to Russia in global gas flaring
Nigeria, the highest producer of gas in Africa, loses about $1.789 billion or N286.24 billion to gas flaring annually. Mr. George Osahon, Director, Department of Petroleum Resource, DPR, has said.
