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The Minister of Power, Joseph Tegbe has secured a commitment from leading Chinese equipment manufacturer TBEA to establish a power and energy equipment industrial park in Nigeria. The commitment was made during a high-level meeting at TBEA's Beijing headquarters, part of a working visit to engage original equipment manufacturers and technical partners of the Presidential ...
A disaster was averted on Airport Road, Abuja, on Friday morning after an uncertified gas cylinder exploded inside a Toyota Camry during a refuelling session at the Nipco Gas Filling Station. The incident, which occurred at approximately 10:30 a.m., was triggered when an additional, spurious cylinder fitted to the vehicle ruptured shortly after dispensing began. ...
The Centre for the Promotion of Private Enterprise (CPPE) has warned that restoring a universal petrol subsidy could expose Nigeria to an estimated ₦19.16 trillion in annual fiscal costs, urging the Federal Government to maintain downstream petroleum sector reforms and focus instead on targeted relief for households and businesses. The CPPE, in a policy brief ...
Many filling stations across the Federal Capital Territory (FCT) have continued to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol. The latest adjustment followed an N85 increase in Dangote Petroleum Refinery’s gantry price, from N1,265 to N1,350 per litre, amid a surge in global crude oil prices. This represents a ...
Mr Dayo Olowoniyi, Technical Lead for Mission 300 in Nigeria, says distributed solar is critical to reaching the more than 70 million Nigerians who currently have no electricity. Olowoniyi said this at a renewable energy product launch organised by Sun King on Friday night at the Lagos Marriott Hotel, Ikeja. Olowoniyi said Nigeria recorded over ...
The Dangote Petroleum Refinery and Petrochemicals has disclosed its intent to list on the United States stock exchange after completing its planned expansion to 1.4 million barrels per day, President of the Dangote Group, Aliko Dangote has revealed. Dangote disclosed this in an interview with CNN, saying the US listing would come after the refinery ...
Global crude oil prices climbed above $100 per barrel on Thursday as renewed attacks on shipping in the Middle East heightened fears of further disruption to global oil supplies. Brent crude, Nigeria’s key export benchmark, rose as much as 5.8 per cent to $107.08 per barrel, while US West Texas Intermediate (WTI) gained 5.8 per ...
Mr Devakumar Edwin, Group Vice President, Oil and Gas, Dangote Group, has called for cargo-backed financing to strengthen Nigeria’s shipping industry. Edwin made the call at the Nigeria Chamber of Shipping’s 2026 Members’ Evening in Lagos on Thursday. The event had the theme: ‘A Public-Private Dialogue: Unlocking Efficiency in the Marine and Blue Economy Value ...
The Lagos State Electricity Regulatory Commission (LASERC) has granted Elektron Energy Development Strategies Limited a generation licence, clearing the way for its 40MW Victoria Island Power (VIPL) project to move towards commercial operations. The gas-fired plant is expected to begin commercial operations in December 2026, with plans to scale its capacity to 70MW. This approval ...
Dangote Industries is in talks with the Kenyan government to develop a 1,000MW liquefied natural gas power plant as part of its proposed refinery project in Lamu, Kenya. The planned power facility is expected to be integrated into the refinery complex, creating a combined industrial and power hub in the coastal region. According to persons ...
Senegal plans to offer as many as 109 oil and gas blocks to local and foreign investors, according to the Minister of Energy and Petroleum, El Hadji Abdourahmane Diouf.Currently, only four out of the West African nation's 113 oil and gas blocks are under contract, the official told a local television channel. "The remaining 109 ...
The Transmission Company of Nigeria (TCN) says rehabilitation works have commenced on the four vandalised towers along the Afam/IPP/Elelenwo 132 Kilo Volt (kV) Double Circuit Transmission Line in Rivers. The management of the company said this in a statement in Abuja on Wednesday night. The company said that the affected towers, identified as T50, T51, T52 ...
The Federal Government is seeking to move Chinese participation in Nigeria’s power sector beyond conventional engineering contracts to co-investment in generation, transmission and hydropower projects, Nigeria's Power Minister, Joseph Tegbe has said. Tegbe made the proposal during high-level engagements with Chinese power engineering companies and financial institutions in Beijing, as Nigeria moves to accelerate infrastructure ...
The Nigerian Electricity Regulatory Commission (NERC) has revised the rules governing how electricity distribution companies (DisCos) use their earned non-administrative operating expenditure, with debt-free DisCos now required to channel 60 per cent of the applicable revenue into capital expenditure from February 2027. Under Order No. NERC/2026/062A, issued on September 4 and published by the commission ...
The House of Representatives Public Accounts Committee (PAC) has commenced an investigation into outstanding debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies with the liabilities put at ₦432.07 billion. The probe followed findings contained in the Auditor-General’s annual audit reports ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned investors awarded flare-gas sites that their awards could be revoked if they fail to make considerable progress within one year. The Commission Chief Executive, NUPRC, Oritsemeyiwa Eyesan, disclosed this during a working visit to the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in Abuja on Tuesday. Eyesan, who gave an update on the ...
The Transmission Company of Nigeria (TCN) has announced the tripping of the 100 Mega Volt Ampère (MVA) TR4 transformer at the 132/33 Kilo Volt (KV) Apo Transmission Substation. The management of the company announced this in a statement on its X handle in Abuja on Wednesday. According to TCN, preliminary findings indicate oil spillage on ...
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has rejected claims that discrepancies in gas flare penalty remittances amount to unaccounted revenue, saying the differences flagged in the Auditor-General of the Federation’s 2023/2024 report are due to timing and reconciliation issues. The MDGIF in a statement on Tuesday signed by George Ene-Ita, Director of Public ...
The Chairman of the House of Representatives Committee on National Planning and Economic Development, Hon. Gboyega Nasir Isiaka, has cautioned against calls to reinstate the petrol subsidy regime, warning that reversing the policy would derail recent macroeconomic gains and plunge the nation back into severe fiscal distress. Isiaka, who represents the Yewa North/Imeko-Afon Federal Constituency ...
The Nigerian National Petroleum Company (NNPC) Limited has signaled plans to introduce self-service fuel dispensing across its nationwide retail outlets. The national oil company teased the upcoming launch through a series of posts on its official social media handles, drawing parallels between automated fueling and earlier technology-led consumer revolutions in banking and dining. The company ...
Nigeria's national oil company, Nigerian National Petroleum Company (NNPC) Ltd has engaged in discussions with a Indonesia delegation on long-term Nigerian crude supply and investment in the country’s oil and gas assets. The NNPC GCEO, Bayo Ojulari received an Indonesian delegation led by the country’s Vice Minister of Foreign Affairs, H.E. Arif Havas Oegroseno, in ...
The Rural Electrification Agency (REA) and Family Homes Funds Limited (FHFL) have signed a five-year agreement to make energy planning and renewable power part of affordable housing projects from the design stage. The agreement, signed on September 3, 2026, in Abuja, means energy requirements will now be considered alongside other infrastructure needs in FHFL-supported housing ...
The Federal Government has set up an inter-agency committee to harmonise the economic assumptions used by government agencies for budgeting and planning. The committee will work on projections for crude oil prices and production, exchange rates, inflation and non-oil revenue after the Economic Management Team (EMT) identified conflicting assumptions among government agencies as one of ...
