Oil theft and vandalism in Nigeria have been blamed as the country’s oil production slumped by 28 million barrels between January and July 2022, threatening the...
In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive for Foreign Direct Investment in the energy sector, President Muhammadu Buhari...
UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy prices sparked by the...
Lagosians should brace up for alternative electricity sources as power supply has been predicted to drop by 50 megawatts on Wednesday. The Transmission Company of Nigeria...
Consumers Pay N193.53 Billion Outstanding balance stands at N79.47 Billion Power distribution companies (DisCos) in Nigeria have billed electricity consumers in the country a total of...
The Federal Government has assured that the current restructuring of indebted DisCos will not affect service delivery to Nigerians. This was disclosed by Minister of Power,...
The Federal Government on Tuesday night announced the takeover of Kano, Benin and Kaduna electricity distribution companies (DisCos) by Fidelity Bank Plc after the bank initiated...
By Umar Suleiman The Kebbi State Government has allocated 200 hectares of land to a private investor to set up a 5,600 megawatts solar power plant...
Umar Suleiman Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50 per cent, according to industry data obtained on Sunday. The...
Subsidy Hits N600/Litre Marketers say Subsidy No Longer Sustainable To make petrol consumption affordable for Nigerians, the federal government daily pay about N40.1 billion as...
By Ahmed Ayanfe Innovate UK KTN, Global Alliance Africa Project, a United Kingdom-funded knowledge-based programme set up to provide solutions to Africa’s energy challenge, on Thursday...
By Ahmed Ayanfe The Electricity Generation Companies (Gencos) in Nigeria on Thursday compared the federal government’s handling of the power sector to the case of “flogging...
45 local metre manufacturers jostle for FG’s contract The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers (MAP) programme,...
By Ahmed Ayanfe To execute the first phase of the Presidential Power Initiative (PPI), the Nigerian government would need €2.3 billion, equivalent to N991.99 billion, using...
By Ahmed Ayanfe Nigeria’s custodian of data, the National Bureau of Statistics (NBS) has said the average retail price paid by consumers for petrol increased to...
The African Development Bank Group recently held a two-day workshop for electricity sector regulators and utilities on its annual flagship report, the Electricity Regulatory Index for...
By Ahmed Ayanfe Nigeria has lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245...
Nigerians are groping in darkness as the national electricity grid collapsed to a an infinitesimal nine megawatt on Sunday. Figures obtained on Monday from the Nigeria...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...