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 […]
21 oil companies risk collapse as CBN forecloses further credit
… Companies still owe over N513.34bn
NO fewer than 20 oil companies are under threats of liquidation as the Central Bank of Nigeria, CBN, forecloses further credit facilities to them.
Boost for carbon capture from new non-toxic absorber
Researchers have created a new material that could solve some of the problems holding back projects to combat global warming by capturing and burying carbon emitted from power stations.
Pipelines vandalism: IPMAN to support NNPC/PPMC on repairs
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has promised to support the management of the Nigeria National Petroleum Corporation, NNPC, and the Pipelines and Products Marketing Company, PPMC to restore pumping of products into the System 2B pipeline.
Bayelsa community gives Shell 14 day ultimatum
YENAGOA: INDIGENES of Foutorogbene I, II, and III communities in Ekeremor Local Government Area of Bayelsa State have threatened to cripple Shell Petroleum Development Company, SPDC, operations in the area if the company failed to compensate the families of the five kids who reportedly lost their lives in the aftermath of the May 27, 2012 oil spill from its Beneside facility which devastated the community.
NETCO wins Chevron’s Utonana contract, to expend 14,423 man-hours
ENGINEERING and Technical Company Limited (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has won the Detailed Engineering Design (DED) for the upgrade of Chevron Nigeria’s Utonana facilities. The company is positioned to expend a minimum of 14,423 manhours on the project with 100 percent Nigerian content.
