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 […]
Ministry of Petroleum gives new date for NIPS 2021
Timipre Sylva, the Minister of State for Petroleum Resources, has announced June 6 to 10 as new date for the 2021 Nigerian International Petroleum Summit (NIPS).
Seven banks deliver $260m for Imo ANOH Gas Processing Plant completion
A consortium of seven banks has on Monday, provided $260 million to fund the completion of Assa North-Ohaji South (ANOH) Gas Processing Plant.
Nigeria’s oil output drops 15% to 1.5mb/d
The average Nigeria’s oil output dropped Year-on-Year, YoY, by 15 per cent to 1.5 million barrels per day, mb/d (excluding condensate), in 2020, compared to 1.7mb/d recorded in the corresponding period of 2019, according to data obtained from Organisation of Petroleum Exporting Countries, OPEC.
Bayelsa Methanol Plant: Chinese bank, AfDB, others to raise 70% of project cost
As a major boost to Nigeria’s economy, a fresh indication has emerged that China Exim Bank, African Development Bank (AfDB), international commercial banks amongst other international donors are expected to fund 70 percent of the nation’s Methanol Plant project total cost.
EKEDC staff extort households over prepaid meter form — Investigation
Despite the Federal Government’s intervention targeted at addressing the Electricity Distribution Companies, DisCos shortfalls through the provision of prepaid meters, there are indications that residents under Eko Electricity Distribution Company, EKEDC, networks pay as high as N15,000 to acquire prepaid metre forms from marketing staff.
