Nigeria’s debt servicing may limit economic productivity- OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has announced that the servicing of Nigeria's debts may limit the Federal Government’s ability to increase economic...
Unions criticise NNPC over sacking of 850 contract workers
Unions including the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria disclosed on...
Nigeria earned $206.6bn from oil in last five years- OPEC
The Organisation of Petroleum Exporting Countries has revealed that Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the...
New electricity bill to deal with power sector challenges- Senate
The Chairman, Senate Committee on Power, Senator Gabriel Suswam, has reassured Nigerians that the problems linked with the quality of electricity supply in the...
Petrol subsidy gulped N101.65bn in first three months- NNPC
The Nigerian National Petroleum Corporation (NNPC) records have revealed that petrol subsidy gulped N101.65bn in the first three months of the year.
The national oil...
Power project contractors should return to site- Power Minister
The Federal Government has directed all contractors handling power projects across the country to return back to their various sites following the gradual relaxation...
Oil, power firms owe banks N5.59tn- CBN
A sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed that energy firms in the country owe Nigerian banks a...
NERC to unbundle Transmission Company of Nigeria to two firms
The Nigerian Electricity Regulatory Commission (NERC) is consulting stakeholders as it plans to unbundle the Transmission Company of Nigeria (TCN) into two entities.
The TCN...
House of Reps criticize power sector privatisation
The House of Representatives has criticised the perennial crisis in Nigeria’s power sector.
The members stated this at the beginning of a two-day investigative hearing...
NERC issues guidelines for Discos additional generation capacity
The Nigerian Electricity Regulatory Commission (NERC) has issued guidelines for power distributors purchasing additional generation capacity that will lead to higher tariffs payable by...
