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 […]
NRC to link rail lines to tank farms
By JONAH NWOKPOKU The Nigeria Railway Corporation,NRC, has announced plans to link rail lines to the various petroleum tank farms in different parts of the country. The Managing Director of NRC, Mr. Adeseyi Sijuade, disclosed this to news men during the unveiling of the corporation’s Public Private Initiatives in Lagos. He said the idea is […]
BPE commences liquidation of NITEL/MTEL
The Bureau for Public Enterprises, BPE, yesterday cleared three firms to bid for the liquidation of the Nigerian Telecommunications Plc, NITEL, and the Mobile Telecommunications Plc, MTEL.
PHCN fleece Nigerians of N3.41trn/yr on electricity bills
…Airports pay N130m, banks’ branches – N85,000 monthly…PHCN, conduit pipe for looting – customers
The Federal Government through the Power Holding Company of Nigeria, PHCN, is fleecing Nigerians of about N3.41 trillion ($19.6 billion) annually through outrageous electricity bills, which is not commensurate with the amount of power supplied to consumers.
Niger-Delta after Oil: How to avert the Oloibiri metaphor, by Aginighan
If we neglect to reduce the development gap between the Niger Delta and the rest of Nigeria and the oil wells dry up or oil ceases to be a revenue earner for Nigeria, then we will all be bowailing the re-enactment of the Olobiri metaphor, according to Pastor Power Ziakede Aginighan, a former acting Managing Director of the Niger Delta Development Commission (NDDC). Aginighan spoke in a paper presented at the third Ijaw Foundation Convention held in Houston, Texas, US. Extracts from the presentation:
Construction of nine private refineries in jeopardy over financing
Eleven years after former President, Olusegun Obansanjo granted licenses to 18 individuals to construct refineries in a bid to open up the country’s downstream sector of the petroleum industry to private investors, there are indications that the government will not achieve its aims, as issues bordering on financing are hindering the construction of refineries by the investors.
