After years of independence and over five decades of oil exploration, crude oil accounts for less than 10 percent of Nigeria’s GDP but represents about 90 percent of foreign exchange earnings and more than half of government revenue, an indicator of a sector in dire need of succor.
Nigeria’s national constitution has empowered state governments to generate, transmit and distribute electric power, but as some states make progress, others have lagged.
Nigerian Electricity Regulatory Commission (NERC) has said Gencos duplication of power contracts is the main reasons why the Eligible Customer regulation seems not to be working despite the huge potentials it provides.
Nigeria’s renewable energy space has been receiving focused attention from both the government and private players as the county’s national grid fails to provide electricity to millions of Nigerians living in rural areas.
The Nigerian Electricity Regulatory Commission (NERC) has issued an order suspending the electricity tariff hike from September 28 to October 11, 2020.
Nigeria’s only indigenous car maker says it is ready to deliver bi-fuel engine cars into the Nigerian market once the Federal Government rolls out the autogas programme by October.
Amid massive divestment into cleaner sources of energy, some of the world’s largest oil and gas firms are considering assets sell or swap of more than $100billion, a development which may be a sort of mixed blessings for Africa’s biggest oil-producing country.
The deal reached by the Federal Government and the labour unions over a two-week suspension of the implementation of the revised electricity tariff has left confusion in its wake both for consumers and operators.
How poor port infrastructure raises petrol landing costAkey elements of the landing cost of PMS when the PPPRA still published pricing template was Lightering Costs which accounts for about N2.75 on every litre.
The Petroleum Industry Bill (PIB) 2020 will attract large-scale foreign investments to Nigeria, if passed, Timipre Sylva, minister of state for petroleum, has said.