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 […]
DPR, NAFDAC bicker over importation of base oil
THE lubricant industry is being threatened following the bickering between the Department of Petroleum Resources, DPR, and the National Agency for Food and Drug Administration Control, NAFDAC, over the licensing of base oil importation.
Nigeria imports 18bn litres of PMS in one year
ABOUT 18.126 billion litres, an equivalent of 13.517 million metric tonnes of Premium Motor Spirit, PMS, also known as petrol, was imported into the country in 2015, according to a report from the Department of Petroleum Resources, DPR.
Power: Minister flags off AEDC’s N46bn metering programme
MINISTER of Federal Capital Territory, FCT, Mallam Muhammad Musa Bello has flagged off a mass metering programme of the Abuja Electricity Distribution Company, AEDC. The project which would take three years to complete, would cover customers in FCT, Nassarawa, Kogi and Niger states and is expected to cost about $150 million (N46 billion) and capture about 500,000 customers.
Nigeria’s oil industry holds recovery prospects from 2017
NIGERIA’S petroleum industry is still looking promising in the coming year with oil production projected to see a rebound at an average Brent benchmark of $55.00 per barrel in the international market, Business Monitor International, BMI Research, a Fitch rating company said.
Europe Power-Spot rebounds on cold weather, increased demand
EUROPEAN spot electricity prices for day-ahead delivery were lifted on Monday by a forecast cold weather front and increased consumption after the Christmas break.
