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 […]
Power generation falls 23% to 3,172MW
Power supply in Nigeria has failed to improve on last week’s performance, as at fell by 22.9 percent from peak generation of 4,115 Mega Watts on Saturday to 3,172.20MW as at 5pm on Sunday, latest data from the System Operator has shown.
EKEDC, NDPHC sign 300MW supply agreement to address shortfall in Ibeju Lekki, Agbara
Eko Electricity Distribution Company Plc, EKEDC, Wednesday. assured that people living along Ibeju Lekki and Agbara industrial areas would soon experience improved electricity supply around Ibeju-Lekki.
FG earns 1m euros from sale of carbon credits
Mr Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) says Nigeria has earned over one million euros from sale of carbon credits through its partnership with TotalEnergies. Wunti disclosed this on Wednesday in Abuja, while speaking with newsmen on the sidelines of the ongoing 2021 Nigeria International Petroleum Summit (NIPS). A carbon […]
National grid collapses thrice in 5 months, 130 times in 8 yrs — Investigation
There are indications that the power sector may have experienced three system collapses in five months (between January and May, 2021), against two recorded in the corresponding period of 2020. Outages/grid collapses occur when there are system disturbances along the transmission grid. Such disturbances could include a massive drop of load from a sub-station that […]
OPEC member countries lost $1trn to oil price plunge in two years, says Sec Gen
The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his keynote address to the Fourth Nigeria International Petroleum Summit, in Abuja, on Monday, under the theme: ” From Crisis […]
