The Nigerian Government said it has secured a whopping sum of $6.150 billion for development of critical power projects in the country. This was disclosed by the...
The total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020, the Nigerian National Petroleum...
Africa’s most populous nation, Nigeria might need an oil price of $70 per barrel and a production of two million barrels per day to sustain its...
Lagos State Government and the Ministry of State for Power have unveiled Smart Meter Initiative tagged “The Lagos Smart Meter Hackathon 2020” to address the challenges...
The capped tariff system introduced by industry watchdog, Nigerian Electricity Regulatory Commission (NERC), into electricity pricing cost them N13.9 billion in revenue loss every month, Power...
The Petroleum Product Pricing Regulatory Agency (PPPRA) is considering an increase of the retail pump price of petrol from the previous N121.50. According to the agency,...
The Minister of Power, led by Engr. Sale Mamman, and the African Development Bank’s (AfDB’s) have met to discuss on the implementation of $410 million power...
The World Bank, Wednesday, okayed the sum of $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply....
Out of the N1.8tn intervention fund set aside for the power sector, Electricity distribution companies have only accessed N58bn from the Central Bank of Nigeria’s N213bn...
Nigeria loses about $29 billion yearly to irregular and poor power supply, Senate President Ahmad Lawan on Monday. According to the lawmaker, while declaring open an...