ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy

Gas Firms Supply N607bn Worth of Gas-to-Power Despite N2.7tn Legacy Debt

Victoria Emeto by Victoria Emeto
September 1, 2025
in Energy
0
Gas Firms Supply N607bn Worth of Gas-to-Power Despite N2.7tn Legacy Debt

Despite the outstanding N2.7 trillion legacy debt owed by power generation companies, gas suppliers delivered a total of 179.79 billion standard cubic feet (Bscf) of gas to the power sector between January and July 2025, valued at approximately N607 billion.

The disclosure was made in the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which highlighted a steady improvement in gas-to-power supply.

According to the report, gas-to-power supply reached its highest level in three months in July, with average daily deliveries rising 3.48% month-on-month, from 833.86 million standard cubic feet per day (mmscf/d) in June to 862.86 mmscf/d in July.

Monthly Breakdown (Daily Averages)

  • January: 780.23 mmscf/d (24.19 Bscf)
  • February: 849.37 mmscf/d (23.78 Bscf)
  • March: 886.83 mmscf/d (27.49 Bscf)
  • April: 886.70 mmscf/d (26.60 Bscf)
  • May: 837.64 mmscf/d (25.96 Bscf)
  • June: 833.86 mmscf/d (25.02 Bscf)
  • July: 862.86 mmscf/d (26.75 Bscf)

The July figure represents the highest daily supply since April, underscoring the commitment of gas producers to sustain power generation, despite mounting debt obligations from electricity firms.

Industry experts say the continued supply highlights the strategic role of gas in Nigeria’s electricity market, though the unresolved debt burden remains a threat to long-term investment in the sector.

Tags: #ElectricitySupply#GasToPower#NigeriaEnergy#NUPRC
Previous Post

FG Orders Power Firms to Implement Free Governor Control to Curb Grid Collapses

Next Post

CBN, Brazil’s Central Bank Move to Strengthen Financial, Economic Ties

Victoria Emeto

Victoria Emeto

Next Post
CBN Extends BDC Recapitalization Deadline to December 2025

CBN, Brazil’s Central Bank Move to Strengthen Financial, Economic Ties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Lagos chamber of commerce and industry Nigeria’s global partnerships: from agreements to action

Lagos chamber of commerce and industry Nigeria’s global partnerships: from agreements to action

September 1, 2025
Union Bank Completes Merger with Titan Trust Bank, Expands Nationwide Footprint

Union Bank Completes Merger with Titan Trust Bank, Expands Nationwide Footprint

September 1, 2025
Nigeria, UAE, Qatar in Talks to Create Shared Shipping Network for LNG

Nigeria, UAE, Qatar in Talks to Create Shared Shipping Network for LNG

September 1, 2025
Nigeria Now Exporting Fabrication Services to Middle East, Africa — NCDMB

Nigeria Now Exporting Fabrication Services to Middle East, Africa — NCDMB

September 1, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Lagos chamber of commerce and industry Nigeria’s global partnerships: from agreements to action

Lagos chamber of commerce and industry Nigeria’s global partnerships: from agreements to action

September 1, 2025
Union Bank Completes Merger with Titan Trust Bank, Expands Nationwide Footprint

Union Bank Completes Merger with Titan Trust Bank, Expands Nationwide Footprint

September 1, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!