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 […]
Electricity: 47 companies bid for W/Bank’s 1.25m meters worth $155m
The Federal Government Thursday began opening bids from 47 companies for the supply of 1.25 million electricity smart meters funded by the World Bank’s $155 million loan.
Nigeria, other African nations commit to develop 620trn cubit feet of gas reserves
Nigeria and other African nations have expressed commitment toward the development of their 620 trillion cubic feet of proven gas reserves, targeted at bolstering energy security, industrialization and environmental sustainability.
Divestment: NNPCL challenges Oando acquisition of Agip’s oil assets
THE Nigerian National Petroleum Company Limited, NNPCL, has kicked against Oando Plc’s acquisition of Nigerian Agip Oil Company onshore (land) assets in Nigeria.
SUBSIDY IS GONE: Nigerians, economy also going, but…
There are indications that the rise in crude oil prices by 7.5 per cent to $85.89 per barrel in August 2023, from its $79.92 per barrel in July 2023, depreciation of the naira to N775/dollar in the official market and inflation, currently standing at 22.79 per cent, have combined to increase the landing cost of petrol to N600 per liter in the domestic market.
FG should revisit privatisation process —Adedeji, Geotechnics boss
Since the privatisation in 2013, operators have not been able to deliver adequate and stable power to consumers.
