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 […]
Understanding petroleum industry JOA in post world financial meltdown era (1)
Joint Operating Agreements (JOA) is the engine that drives petroleum exploration and development around the world. It is axiomatic that major international petroleum companies depend on JOA to provide services and technology which drives petroleum development and production both onshore and offshore.
New pipeline attack shows Nigeria unrest spreads
Thick plumes of smoke rose into the sky and fire danced across the fuel-slicked waters surrounding the Nigerian pipeline, another attacked and vandalized so thieves could steal the gasoline inside.
WAPCo may record $2.4bn loss to unrepaired pipeline
The West African Gas Pipeline Company (WAPCo) may record a gross loss of $2.4 billion (N384 billion) within four months if the vandalised sub-regional pipeline remains unrepaired by the end of this month.
NCDMB cautions Chevron on discrimination against local firms
THE Nigerian Content Development and Monitoring Board (NCDMB) has cautioned Chevron Nigeria Limited, one of the International Oil Companies (IOCs) operating in Nigeria against discriminating against Nigerian firms, saying that such “discrimination is a violation of Section 3(2) of the NCDMB Act”
PPMC to boost products reserves by 80m litres
Pipelines and Products Marketing Company, PPMC, is set to increase Nigeria’s petroleum products reserves by 80 million litres, with the construction of four new storage tanks and the rehabilitation of three existing tanks at its Mosimi Depot in Ogun state.
