Discos fail to pay N76.19Bn to NBET for electricity for two months
Power distribution companies in the country have failed to pay a total of N76.19bn to the Nigerian Bulk Electricity Trading Plc for electricity sold...
Expansion programmes in power sector to save jobs
The expansion programmes in the power sector would help prevent job losses arising from the impact of the COVID-19 pandemic according to workers in...
Lack of distribution infrastructure stalled 17,943.5MW of electricity
The lack of distribution infrastructure stalled the generation of 17,943.5 megawatts of electricity between April 24 and May 3, 2020, industry data obtained in...
NLNG makes significant progress on $10Bn Train 7 project
The Nigerian LNG Limited has revealed that it is making significant progress in activities that will lead to the formal award of engineering, procurement...
Nigerians to pay more for electricity, FG promises IMF
Federal Government has promised the International Monetary Fund that Nigerians will pay higher tariff for power in 2021. The promise was made while seeking...
Oil prices rise as more countries ease lockdown
Oil extended gains in Asia on signs of improving demand as Coronavirus-hit major economies begin to ease strict curbs and as top producers slash...
COVID-19: Shell cuts dividend for first time since WWII
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss – and warned that virus-ravaged...
Bayelsa community challenge Shell oil spill investigation conclusion
The residents of Angiama in the Southern Ijaw Local Government Area of Bayelsa State have alleged that the Shell Petroleum Development Company of Nigeria...
Nigeria's refineries report N9.6Bn loss in January- NNPC
Nigeria’s refineries have reported a loss at the start of the 2020 financial year as they posted a cumulative operational deficit of N9.6bn in...
TCN warns of power sector collapse in Nigeria
The Transmission Company of Nigeria has said the nation’s power sector will collapse completely if urgent steps are not taken to capitalise the distribution...
