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Noble Energy EG Ltd. (a Chevron company) has confirmed that Chevron has taken Final Investment Decision (FID) on the Aseng Gas Monetization Project in Equatorial Guinea. The FID follows the execution of relevant agreements and is pending final regulatory approvals. Speaking on the FID, Jim Swartz, Chairman and Managing Director, Chevron Nigeria and Mid-Africa region, ...
The European Investment Bank (EIB) has pledged its commitment to African energy security by pledging €200 million toward the Mission 300 initiative. This was made known by the management when the team paid a working visit to the Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu at the REA headquarters recently. During ...
The Nigerian Content Development and Monitoring Board (NCDMB) has commenced a strategic reset of the Nigerian Content Consultative Forum (NCCF), a key platform for facilitating information sharing and collaboration among key industry stakeholders and proposing interventions and policy changes. The goal of the reset is to deliver high-impact Nigerian content outcomes. At a two-day retreat ...
The African Export-Import Bank (Afreximbank) has formalized a significant financial commitment to Africa’s energy sector by underwriting $2.5 billion of a total $4billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. This transaction, executed in collaboration with Access Bank as co-Mandated Lead Arranger, serves to consolidate existing financing and ...
The Oyo State Government has responded to what it described as inaccurate statements made by the Honourable Minister of Power, Chief Bayo Adelabu, regarding the status of power projects in the state. The government said it was necessary to set the record straight in the interest of the public. It stated that the 11MW Independent ...
By Imisioluwa Afunmiso The Oyo State Government has responded to what it described as inaccurate statements made by the Honourable Minister of Power, Chief Bayo Adelabu, regarding the status of power projects in the state. The government said it was necessary to set the record straight in the interest of the public. It stated that ...
The Minister of Power, Adebayo Adelabu, has revealed that approximately 60% of the ₦4 trillion debt owed to Generating Companies (GenCos) is held by gas suppliers. Speaking in Abuja during a performance review of the Nigerian Electricity Supply Industry (NESI), the Minister confirmed that after auditing and reconciliation, the verified debt stands at ₦2.8 trillion, ...
Nigeria’s gas production has increased from about 6.8 billion cubic feet per day (bcf/d) in 2023 to 7.5bcf/d in 2025, according to the Coordinating Director of the Decade of Gas Secretariat, Mr. Ed Ubong. Speaking at the Decade of Gas and World Bank Ministerial Roundtable and Workshop in Abuja, Ubong attributed the growth to collaboration ...
The Niger Delta Development Commission (NDDC) has embarked on an emergency project to overhaul the electricity supply at its headquarters complex aimed at reducing diesel consumption. The initiative was formalized during a handover ceremony where the project was entrusted to Income Electrix, an integrated power firm. Engr. Theophilus Alagoa, the Director of Community and Rural ...
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan has pledged to deepen gender inclusion and female empowerment within the nation’s maritime and energy industries. Delivering a keynote at the 5th anniversary of the Women in Maritime and Energy (WIME) Awards in Lagos, Eyesan reiterated her commitment to the cause. She ...
Residents of Gaduwa and Apo in the Federal Capital Territory (FCT), Abuja are experiencing power outage as at Sunday afternoon. In a notice issued by the Abuja Electricity Distribution Company (AEDC), the disruption stems from a technical fault, has impacted customers served by the S24 Gaduwa, S22 Apo, and S23 Gudu Injection Substations. The affected areas ...
By Imisioluwa Afunmiso The Nigerian Electricity Regulatory Commission (NERC) has called for enhanced communication across the power sector to improve public understanding and support for ongoing reforms. The Chairman of NERC, Mr Musiliu Oseni, made the call while chairing the Q1 2026 Nigerian Electricity Supply Industry (NESI) Stakeholders’ Meeting held in Lagos on March 26, ...
By Ejire Folakunmi The Minister of Power, Adebayo Adelabu, has highlighted significant progress in Nigeria's power sector under the administration of Pres. Bola Ahmed Tinubu, including the attainment of the highest electricity generation level recorded to date. Speaking at the first quarter 2026 Nigerian Electricity Supply Industry (NESI) Stakeholders' Meeting in Lagos on Thursday, Mar. ...
By Ejire Folakunmi The Vice President, Sen. Kashim Shettima, has said the administration of Pres. Bola Ahmed Tinubu remains determined to reform and strengthen Nigeria’s power sector. He noted that while the promise of every nation rests on its resources, Nigeria cannot afford to gamble with energy security. The Vice President, who spoke on Thursday ...
Minister of Power, Chief Adebayo Adelabu has declared the improved stability of Nigeria's national grid. Soeaking during the commissioning of the new Nigeria Electricity Liability Management Company (NELMCO) headquarters in Abuja, Adelabu noted that the Nigerian National grid has hit a major technical milestone following a successful four-hour synchronization test with neighboring ECOWAS countries. He confirmed that the success of the test proves ...
The Transmission Company of Nigeria (TCN) has embarked on critical infrastructure upgrades in Minna, Nigeria state. This was revealed in a notice by the Abuja Electricity Distribution Company (AEDC) to its customers on Thursday. The AEDC disclosed that the TCN technical team is currently deployed to the Minna 132kV Transmission Substation and Engineers are performing ...
President Bola Ahmed Tinubu has approved the expansion of the mandate of the Presidential Initiative on Compressed Natural Gas (PiCNG) to accommodate electric vehicles. This was disclosed in a press statement made available to Journalists on Thursday. According to the statement, the President has renamed the initiative and it will now be called the Presidential ...
By Bode Akinbode, Ibadan The Ibadan Electricity Distribution Company Plc (IBEDC) has appointed Mr. Deolu Ijose as its new Managing Director and Chief Executive Officer, following a reconstitution of the company's Board of Directors. Ijose, who most recently served as Managing Director of the Benin Electricity Distribution Company (BEDC), succeeds Engr. Francis Agoha in the ...
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission, EFCC, said it stopped a contractor from executing a power project with substandard transmission materials, warning of wider risks to infrastructure and public safety in the electricity sector. Executive Chairman of the commission, Ola Olukoyede, disclosed that the intervention followed an investigation in 2024 which uncovered ...
Bode Akinbode, Ibadan The President of the Nigerian Society of Engineers (NSE), Engr. Ali Alimasuya Rabiu, has called for a holistic approach to addressing challenges in Nigeria’s power sector, citing the need for coordinated reforms across policy, investment and technical operations. Rabiu made the call during a webinar organised by the NSE Board of Fellows, ...
By Kazeem Azeez Nigerians paid an average of ₦1,051.47 per litre for Premium Motor Spirit (petrol) in February 2026, according to data released by the National Bureau of Statistics (NBS), with Lagos recording the lowest prices and Yobe the highest, highlighting widening regional disparities in fuel costs across the country. The figure represents a 15.6 ...
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari has asserted that global partnerships remain critical in de-risking Nigeria's deepwater assets. Ojulari made this declaration at the ongoing CERAWeek 2026. Speaking during a fireside chat anchored by Dan Pratt, S&P Global’s Senior Vice President, Upstream Solutions, Ojulari noted that global players like ...
...inugurates national regulators’ forum to promote regulatory synergy The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni has argued that the fundamental concern of the Nigerian power sector is not merely the volume of power generated but the sustainability of the market itself. The Chairman made this known at the inauguration of the ...
