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 […]
Nigeria gets first composite cylinder plant
By Prince Okafor From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister of State for Petroleum Resources, Chief Timipre Sylva, at Alaro City, Free Trade Zone, Epe, Lagos […]
Petrol Price: DPR moves to clampdown on erring filling stations
By Prince Okafor The Department of Petroleum Resources (DPR) intensified its intensified surveillance of filling stations in Lagos State to ensure compliance with the approved pump price band for Premium Motor Spirit (PMS). The Zonal Operations Controller, DPR, Lagos, Mr Ayorinde Cardoso, led the surveillance team to some petrol stations located in Ikoyi, Victoria Island […]
Nigeria’s oil exploration dips by over 70%
By Udeme Akpan There are indications that oil exploration dropped in Nigeria by 70 per cent in February 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its March 2021 report obtained by Energy Vanguard, the organization put the nation’s rig count, a major indicator of exploration, and production, at seven. This showed […]
Liquidity: Electricity sector generates N272.47bn in six months
***NERC blames MDAs, others for rising debts ***DISCOs collection efficiency Q3’20 By Obas Esiedesa Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December) 2020, compared to N246.46 billion generated in the corresponding period of 2019, according to the latest industry data obtained by Energy Vanguard. The growth followed […]
Petrol marketers revert to N175 per litre in South-East
Consumers of Premium Motor Spirit (PMS) in Awka, the Anambra capital and its environs heaved a sigh of relief following the quick reversal of price of product from between N200 and N212 to between N175 and N180 per litre. The News Agency of Nigeria (NAN) reports that customers woke up on Friday to see that […]
