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 […]
Forte Oil Divestment: Shareholders task firm on lubricants, liquidity
as Adeosun emerges CEO By Udeme Akpan Shareholders have tasked Forte Oil Plc to put in place a new board, capable of driving the company towards increased stability and growth. In a telephone interview with Vanguard yesterday, president, Pragmatic Shareholders Association of Nigeria, Mr. Boniface Okieze, said: ‘’the company should put in place a […]
NNPC to revisit recruitment exercise, restates commitment to transparency
The Nigerian National Petroleum Corporation, NNPC, has given the indication that it would be looking into complaints of some of the over 60,000 applicants seeking for employment into the corporation.
Future of Nigeria’s oil & gas is in private sector refining — Kachikwu
Dr. Emmanuel Kachikwu, Minister of State, Petroleum, in President Buhari’s just-ended first term has said that the future of the Nigerian oil and gas sector lies in private sector refining, as a result of which the Federal Government is creating an “enabling environment to support investment.”
Excess oil revenue drops by $6.31 per barrel
THE nation’s excess oil revenue dropped from $13.59 per barrel to $7.28 per barrel, following increased instability in the global oil market between the first and last week of May, 2019.
Why indigenous oil companies are not in deepwater operations–CEO, Oilserv
THE Chief Executive Officer of Oilserv, an oil and gas, engineering and construction company, Emeka Okwuosa has identified factors militating against movement of indigenous oil companies into deepwater operations.
