Energy
FG to effect minor electricity tariff hike by July 1
By Obas Esiedesa Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria
Power sector revenue grows by 40% in three months
By Obas Esiedesa Six months into the Federal Government’s intervention in the revenue process of the power sector, the latest figures have shown that revenue grew by 33.93 percent in
NERC approves N215.68bn for Ikeja, Eko DisCos upgrades
The Nigerian Electricity Regulatory Commission (NERC) has given approval to Ikeja Electric Plc to invest the sum of N121.92 billion for infrastructure upgrade across its network within a period of
Electricity: Consumers, experts, others react as NERC plans new tariff review
By Udeme Akpan & Ediri Ejoh Consumers of electricity, experts, others, Tuesday, reacted as the Nigerian Electricity Regulatory Commission (NERC) plans a new tariff review in the nation. In its
Nigeria’s rig count drops by 55.34% in Q1 ‘21
Stock photo of an offshore oil rig By Udeme Akpan THE rig count of Nigeria has dropped by 55.34 per cent in the first quarter, January–March, 2021 to 19, according
Electricity tariff hike looms in Nigeria as NERC concludes ‘extraordinary review’
By Ediri Ejoh with Agency Report There are indications of possible hike in electricity bills in Nigeria as the Nigerian Electricity Regulatory Commission, NERC, said it is concluding the Extraordinary
FG grants approval for $2.9bn Escravos seaport
By Ediri Ejoh The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC, to Mercury Marine Concession Company, MMCC. The proposed $2.9 billion project
FG faults World Bank’s claims on poor electricity supply
***Says power distribution steadily improving By Chris Ochayi – Abuja The Federal Government has faulted claims by the World Bank report which indicated that 78% of power consumers in Nigeria
COVID-19: DPR recommends antigen rapid diagnostic tests for offshore workers
Department of Petroleum Resources The Department of Petroleum Resources (DPR) has recommended the use of Antigen-based Rapid Diagnostic Tests (Ag-RDTs) for offshore workers in Nigeria’s oil and gas industry. The
Petrol Queue: NNPC GMD, Kyari, promises to end fuel scarcity in hours
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has frowned at the re-emergence of petrol queue across the country, assuring that the situation will normalize
