There have been many important shifts in consumer behaviour throughout history. The year 2023 will not be an exception. Welcome. Still wondering? Global consumer trends refer to patterns of consumer behaviour and purchasing habits that are prevalent across different regions of the world. These trends can be influenced by a variety of factors, such […]
2023: Top 10 global consumer trends Read More »
The Nigerian National Petroleum Company Limited says it is adding ‘over 380 filling stations’ to its retail operations, through the acquisition of Oando (OVH). In a statement issued on Saturday, NNPC Ltd. said the acquisition would enable it “strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security”. The deal presents the
NNPC adds ‘over 380 filling stations’ through OVH Energy acquisition Read More »
Nigeria’s crude oil production decreased in July to an average of 1.08 million barrels per day (bpd) from 1.16 million the previous month. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said this in its latest crude oil and condensate production data for July 2022. The report shows a 6.42 percent decrease from June’s production figures. With
Nigeria’s oil production falls to 1.08m b/d Read More »
The federal government says it has earmarked N6.7 trillion for payment of petrol subsidy in 2023. Zainab Ahmed, minister of finance, budget and national planning, said this Thursday at the presentation of the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper (MTEF&FSP) in Abuja. Ahmed said subsidy payment projection is based on two prevailing
FG expected to spend N6.7trn on petrol subsidy payment in 2023 Read More »
The Nigerian Electricity Regulatory Commission (NERC) says 57.07 per cent of electricity consumers in the country were on estimated billing as of September 2021. NERC disclosed this in its Third Quarter Report 2021 obtained on Tuesday from its website. The document showed that only Ikeja, Benin, Enugu and Port Harcourt electricity distribution companies had metered
DisCos using estimated billing for 57% electricity consumers: NERC Read More »
Electricity consumers being covered by Ikeja Electric can now recharge their energy credits. The power distribution company had last week announced it would be upgrading its Customer Information System to enable it deliver better services to consumers. As a result, the company was unable to attend to customer accounts enquiries while its vending and information
Ikeja Electric completes customers information system upgrade Read More »
Ikeja Electric says it is upgrading its Customers Information System (CIS) and the process would last 48 hours, begining from July 15-17th. During this time, the distribution company says collection of meter data (including meter reading, energy consumption) would be impossible. Also to be affected are the company’s payment channels. This means that customers willing
Ikeja Electric carries out customers information upgrade Read More »
Eko DisCo has explained why power supply to its customers in the Ajah and Ibeju areas of Lagos metropolis is inadequate. Dr. Tinuade Sanda, the managing director and chief executive officer of Eko Disco, attributed the problem to infrastructure challenges and insufficient power allocation by the Transmission Corporation of Nigeria (TCN) to it. TCN is
Eko DisCo gives reasons for poor supply to customers Read More »
Seplat Petroleum Plc has rejected a judgment blocking the sale of Exxon Mobil assets to it. According to Bloomberg, the Nigerian National Petroleum Company Limited had in 2020 sued the American oil company, seeking to prevent it from divesting its remaining assets in Nigeria. Seplat had shown interest in acquiring the assets for $1.28bn. The
Seplat rejects court order barring it from acquiring Exxon Mobil assets Read More »
The Federal Competition and Consumer Protection Commission (FCCPC) says it will henceforth sanction Distribution Companies (DisCos) and other offenders who fail to comply with extant rules and regulations in the electricity industry. Babatunde Irukera, the executive vice-chairman of the commission, disclosed this at the consumer complaint resolution platform organised by FCCPC on Wednesday in Nasarawa
FCCPC to sanction errant DisCos overcharging electricity customers Read More »
