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 […]
BREAKING: FG to sell oil in Naira to $15bn-Dangote Refinery
Aims at strengthening the currency, economy By Udeme Akpan THE Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. This is part of measures adopted to strengthen the currency and by extension the nation’s economy. ALSO READ: CBN insists on foreign currency Diaspora remittances The governor, Central […]
FG considers new options to deliver prepaid meters
THE Federal Government has started considering new options in delivering prepaid meters to 60 per cent of consumers still being exploited through estimated billing in Nigeria.
Power: NDPHC to export 70MW of electricity to Republic of Togo
The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.
Oil marketers blame subsidy for downstream infrastructure decay
By Obas Esiedesa – Abuja The poor state of infrastructure in petroleum downstream sector has been blamed on years of under-pricing the pump price of premium motor spirit, petrol, through subsidy payment. With government-owned refineries, pipelines and depots in a bad state and not functional, Nigeria has had to depend on importation, and trucking by […]
Stakeholders express fears as tanker accidents hurt economy
Stakeholders have expressed fears over increasing tanker accidents in the downstream sector of Nigeria’s petroleum industry, stressing that it could further impact negatively on the economy.
