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 […]
Industry chieftain, researcher recommend new energy model
Amid multiple challenges to economic recovery and diversification in Nigeria, a corporate chieftain and an energy researcher have canvassed deployment of innovative power infrastructure for solutions.
Oil sector exposure poses systemic risks to banking sector – CBN
The Central Bank of Nigeria, CBN, has expressed concerns over the banks’ exposure to the oil and gas sector, stating that the huge exposure was capable of triggering systemic risks in the financial sector.
Oil at $52.7, approaches one-year hig
OIL prices rose around one percent yesterday, approaching one-year high, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.
Power Africa: Nigeria to benefit from US $7bn commitment
Nigeria is on the verge of benefiting from the United States of America’s $7 billion commitment to power Africa.
Sale of NLNG, Refineries, others attract more discordant tunes
AMID near conclusion of decision by the federal government to sell some national assets over fiscal stress, more industry analysts have thrown more light on the issues involved.
