The Nigerian Electricity Regulatory Commission (NERC) says Electricity Distribution Companies (DisCos) collected N564.71 billion total revenue in the second quarter of 2025 out of N742.34 billion billed to customers. The commission disclosed this in its 2025 Second Quarter Report obtained from its website in Abuja on Tuesday. The report said
An indigenous oil and gas company, Sostenibili Energy and Infrastructure Limited, which was recently launched, has expressed commitment to the execution of development projects that will improve the quality of life of the people and transform their communities. To achieve this, the company intends tocombine its technical proficiency with financial
The Nigerian National Petroleum Company (NNPC) Limited has signed a new two-year deal for crude oil supply with the Dangote Petroleum Refinery. This ensures a steady supply of crude for the facility in Lekki, Lagos, which can process 650,000 barrels a day. This agreement, which was completed in August, is
The Group Chief Executive Officer of NNPC Limited (NNPCL), Engr. Bashir Bayo Ojulari, has reaffirmed Nigeria’s unwavering commitment to partnering with other African nations to achieve sustainable energy security across the continent. Engr. Ojulari made this assertion while addressing industry leaders at the 7th African Petroleum Producers’ Organisation (APPO) National
The Federal Government has announced that Nigeria is looking forward to a big increase in how much the industrial sector contributes to GDP, aiming for a 25 percent rise from 2025 to 2035 as part of a new strategic plan. During a panel talk at the ongoing Gastech Exhibition and
An indigenous oil and gas company, Sostenibili Energy and Infrastructure Limited, is poised to make a significant impact in the country’s energy and infrastructure landscape. The company will launch its operations with a virtual event themed “Powering the Future – Sustainably,” tomorrow September 10, 2025. Sostenibili’s Board comprises seasoned professionals
The Bureau of Public Enterprises (BPE) in Nigeria has announced plans to put two electricity distribution companies (known as Discos) and one electricity generation company (called a Genco) on the Nigerian Exchange, which is the country’s stock market. During his first press conference since becoming the Director-General last year, Ayodeji
Nigeria’s efforts to achieve a sustainable energy future will deliver the desired results if she introduces the right polices and deploys fit-for-purpose technology, while at the same time developing a robust supply chain and human resource base to help to unlock production and investments.Managing Director, Shell Nigeria Exploration and Production
The Governor of Abia State, Dr. Alex Otti, has announced that they are nearing the end of discussions with the Enugu Electricity Distribution Company (EEDC) to take over electricity supply in eight local government areas that currently lack service from Geometric Power. This move is part of a bigger plan
The Forum of Commissioners of Power and Energy in Nigeria (FOCPEN) has expressed serious concerns about the proposed Electricity Act (Amendment) Bill, 2025, which is under review by the Nigerian Senate. They warn that if this bill is passed, it could result in over N5 trillion in unpaid electricity subsidies