The total number of electricity customers in Nigeria stood at 11.47 million from 11.27 million in Q1 2023, representing an increase of 1.84%. This was disclosed by the NBS in its Nigeria Electricity Report Q2 2023: Energy Billed, Revenue Generated…
The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023 to 11,47 million in the second quarter of the year. The National Bureau of Statistics (NBS) stated in its Nigeria’s electricity report for…
The Nigerian National Petroleum Company Limited (NNPCL) has clarified that it is not opposed to the sale of Nigerian Agip Oil Company Limited (NAOC) to Oando. The NNPCL in a statement issued by Garba Deen Muhammad, Chief Corporate Communications Officer…
Speaker of the House of Representatives Tajudeen Abbas on Thursday said that Nigeria lost N16.25 trillion to crude oil theft between 2009 and 2020. The speaker said this while inaugurating the ad hoc committee to investigate crude oil theft and…
NNPC Limited has disclosed that Nigerian Agip Oil Company (NAOC) did not obtain its consent before announcing a deal to sell onshore oil assets to Oando PLC. Oando Plc had entered an agreement with ENI for the acquisition of 100%…
The Transmission Company of Nigeria (TCN) has reported a total of 46 grid collapses in the country spanning the period from 2017 to 2022. In a Twitter post shared yesterday,the company emphasized that over the years within this timeframe, there…
The Niger Delta Power Holding Company L.td., has reiterated commitment to work with relevant stakeholders to overcome the challenges of gas and transmission limitations. The company’s Managing Director, Mr Chiedu Ugbo, gave the assurance while answering questions from State House…
By Akinyemi Precious The Nigerian Electricity Regulatory Commission (NERC) has increased the prices of electricity meters by 40 per cent. This as approval for the incresss was granted for an upward adjustment in the prices of prepaid electricity meters within…
MTN Nigeria has said that it has been able to lower its energy costs by over N570 million through the use of gas generators. The company disclosed this in its 2023 climate change report where it highlighted its investments in…
…TCN explains reasons By Ismail Azeez, Osogbo Residents of Osogbo, Osun State state capital have decried two-day blackout following power outage by the Ibadan Electricity Distribution Company Plc (IBEDC). The people, particularly those into business activities, counted the losses they…
