NERC grants GEIL 40MW electricity generation license
In a bid to increase the growth of the country’s power generation, the Nigerian Electricity Regulatory Commission issued a licence to Green Energy International...
British firm seeks seizure of $9bn Nigerian assets over failed gas deal
A firm consolidated in the British Virgin Islands; Process and Industrial Developments Limited will ask a British court today for the right to seize...
NERC may revoke licences of DISCOs-Fashola
By Ignatius Ushie
Minister of Power, Works and Housing, Babatunde Fashola, SAN, has said the Nigerian Electricity Regulatory Commission (NERC) has the power to revoke...
NNPC exploring options to commercialise gas flares sites
The Nigerian National Petroleum Corporation declares it is exploring options for commercialising existing gas flare sites in the country.
The Group Managing Director, NNPC, Dr...
ExxonMobil considers sale of Nigerian oil and gas fields
Almost 2 and also a half years after going out Nigeria's downstream oil industry, ExxonMobil is actually analyzing the sale of some oil as...
N325.54bn not remitted by Discos in 10 months- NBET
A total of N325.54 bn was not remitted by the Power distribution companies (Discos) in the country to the Nigerian Bulk Electricity Trading Plc....
N2.96tn spent last year on fuel imports by FG- NBS
The Federal Government spent N2.95tn last year on the importation of Premium Motor Spirit, also known as petrol. The amount increased by nearly 50...
Investor's confidence weakened over alleged N2bn fraud- Power regulator
The allegation of fraudulent payments to two power plants levelled against the Nigerian Bulk Electricity Trading Plc has weakened investor confidence in the power...
Power Ministry has no records of defaulting contractors- Fashola
Mr Babatunde Fashola, the Minister of Power, Works and Housing, said in a statement that the power ministry has no record of corrupt contractors...
GenCos decry huge Power Losses from DisCos
By Ignatius Ushie
Power Generation Companies (GenCos) have decried the huge burden they bear as the distribution companies (DisCos) sustain energy rejection, by only paying...
