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 […]
Parker Drilling to pay $15.8m over Nigerian bribery charges
Parker Drilling Company, a global contract drilling firm with presence in Nigeria has reached a $15.8 million (N2.496 billion) settlement with the United States’ Security and Exchange Commission, SEC, and Department of Justice over bribery allegations in its transactions in Nigeria and Kazakhstan.
Understanding petroleum industry JOA in post financial meltdown (3)
With the introduction of the UK Bribery Act 2010, and the continued strict enforcement of the US FCPA, the 2012 JOA revised and expanded the anti-bribery and business ethics provisions of the 2002 JOA. The revised provision increases transparency and indemnity arising from the UK Bribery Act.
Going green: Techno Oil unveils gas stoves
Techno Oil has introduced new gas stoves targeted at low income earners, under its “Going Green Initiative.” The programme is aimed at creating cleaner, healthier and safer environment in Nigeria.
Nigeria loses 620MW of electricity in three months
Nigeria lost a total of 620 megawatts per hour of electricity in three months, between October and December 2012, arising from differences in average electricity generated and average electricity consumed during the period.
Shell, Exxon, Total, Chevron, others parley on alleged corruption
Major oil industry executives gather in Nigeria’s capital for an annual conference this week with Africa’s largest crude producer under pressure over reports alleging large-scale corruption and mismanagement.
