Power Sector Loses N468.4bn As Hitches Stall 33,122MW       Gas, transmission, distribution and other constraints made Nigeria’s power sector to lose about N468.4bn between January and August 21 this year, latest documents on the industry’s performance have shown. Also, the constraints in the sector stalled the production...

Oil, Gas Stocks Record N56bn Loss In One Month     Oil and gas firms listed on the main and premium boards of the nation’s equity market reported a loss of about N56.19bn last month as spending in transportation declined considerably over coronavirus pandemic. Checks by our correspondent...

Nigerian Oil, Gas Stocks Lose N178bn In Six Months   Oil and gas companies listed on the Nigerian Stock Exchange reported a loss of about N178.018bn in the first half of 2020 as the coronavirus pandemic continued to take a toll on the industry. An analysis by...

Demand For Nigeria’s Gas Yet To Plunge - Fed Govt     The federal government has said that for now, the Covid-19 has not affected the demand for gas, adding that the final impact of the virus was still uncertain. The government, however, noted that outbreak which has...

We Have Paid FG $13bn For Gas Purchase, Says NLNG     The Nigeria LNG Limited says it has paid over $13bn to the Federal Government for feed-gas purchase since the inception of its operations. The NLNG disclosed this on Twitter on Sunday while marking the 31st anniversary...

In Thirty Days, Power Sector Loses N57bn To Gas, Grid Constraints   Nigeria’s power sector further suffered a major setback in the last one month with the loss of about N57 billion due to problems associated with gas supply and grid infrastructure challenges. The 30-day trend analysis...