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 […]
Again, oil price rises as traders weigh virus progress
Oil prices on Wednesday built on the previous day’s surge, boosted by signs of easing in the coronavirus that is allowing some countries to begin opening their economies, though traders are keeping an eye on brewing China-US tensions. International benchmark Brent gained 0.45 percent to $31.11 a barrel, reversing early losses, having surged 14 percent […]
National grid collapses, plunges generation to 2,983mw
By Chris Ochayi The national electricity grid system suffered collapse early Wednesday, but was restored shortly by the Transmission Company of Nigeria, TCN, leaving power generation at 2,900 megawatts afterwards. The TCN, which confirmed the system disturbance, in a statement Wednesday in Abuja noted the incident occurred at 1 am but could not immediately confirm […]
Oil traders await Nigeria’s May, June lifting programmes
As NNPC, oil firms discuss output cut, allocation By Udeme Akpan Global oil traders are currently awaiting the release of Nigeria’s crude oil lifting programmes for May and June 2020 to guide their decisions, following many choices presented by excess supplies and low prices. Investigation by Vanguard showed that the Nigerian National Petroleum Corporation, NNPC, […]
OPEC scribe, Barkindo, condoles with Buhari, Nigeria, over Kyari’s death
By Michael Eboh Secretary-General of the Organisation for Petroleum Exporting Countries, OPEC, Mohammad Barkindo, on Saturday, condoled with President Muhammadu Buhari over the demise of Mallam Abba Kyari, describing the late Chief of Staff as an outstanding public servant who is committed to the common good. In his letter of condolence to Buhari, Barkindo disclosed […]
NCDMB recommends indigenous companies to NLNG for Train 7
By Michael Eboh The Nigerian Content Development and Monitoring Board, NCDMB, on Thursday, said it has directed the Nigerian Liquefied Natural Gas, NLNG, to evaluate the capabilities of indigenous companies, who are beneficiaries of the Project 100 programme, and engage them in the execution of the Train 7 project and other related services. In a […]
