U.S. super major Chevron is said to be planning a divestment drive including several of its Nigerian oil and gas assets, as it focuses on growing...
Electricity distribution companies in Nigeria have steadily reported losses since their emergence in 2013. According to PwC report, there has been a steady growth in the...
The Electricity Distribution Companies, DISCOs, has pleaded with the National Assembly to intervene in the current liquidity crisis in the power sector, saying they will need...
The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when oil prices are low in order to bring about more...
By Segun Odunewu The Association of Nigeria Electricity Distributors (ANED) has said Electricity Distribution Companies (DisCos) will need N8.7 billion to comply with the remittance order...
Electricity generation companies (GenCos), comprising gas-fired and hydro stations, say they could not generate 1,631.5 megawatts of electricity on Saturday due to unavailability of gas. This...
Nigeria’s total power generation dropped from 3,590MW as at Thursday, October 17, 2019, to 2,915.6MW on Friday, according to data from the Nigerian Electricity System Operator....
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has linked the near scare investors in the nation’s oil and gas sector in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has blamed the lack of proper maintenance culture over the years as being responsible for...
The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to hit a total of N1.695 trillion, making it...