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 […]
Slash Frontier Basin Development to 10% — HOSCOM tells National Assembly
THE Host Communities of Nigeria Producing Oil and Gas, HOSCOM, weekend, proposed the dedication of 10 per cent of the Nigerian National Petroleum Corporation, NNPC, profit for oil activities in the Frontier basins.
NLNG Train 7 will increase output by 30% to 30 million tonnes yearly — Report
By Udeme Akpan When the Liquefied Natural Gas, LNG, Train 6 was completed in 2008, close observers had anticipated that Nigeria would immediately go ahead with the construction of Train 7, expected to increase the LNG output to 30 million metric tonnes, MT per annum, from 22 million MT. A number of reasons accounted for this […]
NNPC provides insight into alleged N3.8trn under-remittance from crude oil sales
By Deborah Oghenebrume The Nigerian National Petroleum Corporation, NNPC, has explained issues involving the alleged under-remittance of N3.8 trillion from crude oil sales to the Federation Account between January and December 2015. The Senate had Wednesday, faulted the NNPC over alleged under-remittance of N3.8 trillion revenue from domestic crude oil sales to the Federation Account […]
Metering: NERC names 99 companies as suppliers, installers
By Obas Esiedesa – Abuja The Nigeria Electricity Regulatory Commission, NERC, on Monday named 99 companies as metering service providers for the power sector. The commission in a notice posted on its website said the companies have been certified with some companies whose licences had expired, renewed. A breakdown showed that 15 companies including Turbo […]
Power generation improves to 4,823MW
By Obas Esiedesa – Abuja After several weeks of poor performance, power generation in Nigeria picked up at the weekend, reaching 4,823.60 megawatts on Saturday. Data from the National System Operator, an independent unit in the Transmission Company of Nigeria, TCN, showed that it was a 19.32 per cent higher than the 4,042.40MW generated on […]
