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 […]
Exxon Mobil, Chevron again report losses on low oil prices
US oil giants ExxonMobil and Chevron reported another quarter of red ink Friday as uncertainty over oil demand dented by the coronavirus forced the petroleum sector to rein in spending. While both companies were hit by low commodity prices, driven the worldwide business and travel shutdowns, ExxonMobil had the bigger loss and again faced tough questions […]
Kaduna Electric to distribute 1 million prepaid metres
By Ibrahim HassanWuyo The Kaduna Electricity Distribution Company (Kaduna Electric) will on Friday, commence the distribution of one million prepaid metres to electricity consumers in its franchise States of Kaduna, Kebbi, Sokoto and Zamfara. The Managing Director and Chief Executive Officer, Kaduna Electric, Engr Garba Haruna, said at an interactive session with journalists that customers […]
2019 Financials: Value of NNPC’s oil, non-oil assets grew by 19% to N4.67trn
By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration […]
Nigeria’s rig count rises by 2, as OPEC’s decreases by 14
By Sebastine Obasi Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count stood at six, data from the Organisation of Petroleum Exporting Countries, OPEC, showed. This […]
How Ajaokuta Steel Company’s resuscitation’ll succeed ― MAN
By Gabriel Ewepu Mining professionals, under the aegis of Miners’ Association of Nigeria, MAN, have called on the Federal Government to carry them along in the planned resuscitation of Ajaokuta Steel Company Limited, ASCL. This proposition is coming against the backdrop of the agreement reached between the Federal Government and the Russian government to commence […]
