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 […]
PHCN nabs two vandals
Power Holding Company of Nigeria, PHCN Orile Business District, has nabbed two suspected vandals who tried to cart away equipment worth millions of naira belonging to the National Integrated Power Project (NIPP).
Rural electrification: Many communities still grope in darkness
When the Nigeria Rural Electrification Programme was launched in 2005, the Federal Government aimed to connect about 1,500 communities to the national grid by 2007, and to achieve 85 percent electrification by 2010 (compared to 40 percent in 2005).
Privatisation: BPE releases PHCN bid documents
In keeping with the revised timeline for the privatisation of the successor companies created from the unbundling of Power Holding Company of Nigeria (PHCN), the Bureau of Public Enterprises (BPE) has released the final industry and transaction documents to the 152 potential investors interested in the privatisation exercise.
Oil prices likely to stay high despite good supply – IEA
The International Energy Agency (IEA) said that tension between Iran and the West is likely to keep oil prices high despite a dramatic improvement in world supply and a big build in stocks.
Shell finds two oil leaks in Nigeria’s Delta
Royal Dutch Shell said it found two fresh onshore oil pipeline leaks in Nigeria’s Delta region last week, three days after the company declared force majeure on exports of the high grade Bonny Light crude due to outages caused by oil theft.
