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The Federal Government has announced the establishment of 41 Compressed Natural Gas (CNG) vehicle conversion centers in Kano state. This initiative, a core component of President Bola Ahmed Tinubu’s administration’s strategy to provide affordable and safe energy alternatives, aims to drastically reduce transportation costs and bolster national energy security. During an inspection visit to the ...
Data obtained from the Central Bank of Nigeria's Balance of Payments report for 2025 has revealed that Nigeria generated $31.54 billion from crude oil exports over the year. This figure indicates a 14.41% decline from the $36.85 billion recorded in 2024, emphasizing the continued dominance of oil in external earnings alongside weaker oil receipts despite ...
A disruption to global energy supplies resulting from the U.S.-Israeli war on Iran that lasts beyond three to four months would present a systemic risk to the global economy, according to TotalEnergies CEO Patrick Pouyanne. Speaking at the CERAWeek energy conference in Houston on Monday, Pouyanne highlighted the severity of the crisis. Pouyanne explained that ...
The Nigerian Electricity Regulatory Commission (NERC) has officially approved the appointment of Ms. Sherifat Adegbenro as the Acting Chief Executive Officer of Eko Electricity Distribution Company (EKEDC). Announced on Monday, the regulatory confirmation aligns with the Code of Corporate Governance for the Nigerian Electricity Supply Industry and is intended to ensure leadership continuity until a ...
By Ismail Azeez President Bola Ahmed Tinubu has congratulated Damilola Ogunbiyi on her recognition as the first Nigerian to receive the prestigious TIME Earth Awards. Ogunbiyi, who serves as Chief Executive Officer of Sustainable Energy for All and Special Representative of the United Nations Secretary-General for Sustainable Energy for All, as well as Co-Chair of ...
The Rural Electrification Agency (REA) has achieved another significant milestone in its mission to close the energy gap in unserved and underserved communities with the successful disbursement of ₦3.2 billion to Zanoplus. This capital injection is earmarked for the rapid deployment of solar mini-grid projects across strategic locations in Bauchi State, marking a robust continuation ...
The Ibadan Electricity Distribution Company (IBEDC) has issued a public apology to its premium Band A customers following widespread failures to meet the estimated hours of power supply on Thursday, March 21, 2026. The distribution company attributed the severe service shortfalls to a cascade of technical and operational challenges spanning both the transmission and distribution ...
As Iranian attacks force the de-facto closure of the Strait of Hormuz and send shockwaves through global energy and agricultural markets, Africa’s richest man is positioning his sprawling industrial empire as the continent's ultimate shield. In a recent interview with The Economist at his Lagos headquarters, Aliko Dangote painted a stark picture of the current ...
The International Monetary Fund (IMF) has issued a high-alert warning regarding the stability of the global economy, noting that a protracted surge in energy prices is now a primary threat that could simultaneously ignite runaway inflation and decimate global growth. Speaking on Thursday, IMF spokesperson Julie Kozack confirmed that escalating geopolitical conflicts have severely disrupted ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled its initial findings regarding the alarming gas bubbling incident in the Bille Community of Rivers State. In a technical brief, the Commission Chief Executive Oritsemeyiwa Eyesan indicated that preliminary field observations point to subsurface geological activity as the likely culprit, rather than a localized failure of ...
For many Nigerians, electricity supply remains one of the biggest daily frustrations. Power outages can last hours or even days, disrupting work, spoiling food, and forcing households and businesses to rely heavily on fuel-powered generators. Lately, more Nigerians have turned to solar energy as an alternative to unreliable electricity supply. Solar systems are increasingly seen ...
You’ve either screamed in agony when you saw the fuel prices recently, or you have litres of fuel stored somewhere that can last you a lifetime. No other option.Then, you must’ve screamed louder when you heard that the fuel price hike has something to do with the ongoing war with the Middle East.You must’ve thought, ...
By Ismail Azeez The National Association of Nigerian Students (NANS), Southwest Zone D has staged a peaceful protest on Wednesday to decry the persistent epileptic power supply affecting the region and the country at large. The demonstrators marched through major areas of Osogbo, including the November 24 Bridge, Ogo-Oluwa, Aregbe, Olaiya, and MDS, before concluding ...
Secure Electronic Technology Plc schedules board meeting to approve 2025 AFSSecure Electronic Technology Plc (SET Plc), a leading player in the gaming and lottery sector, has formally notified the Nigerian Exchange Limited (NGX) and the investing public of its upcoming Board of Directors meeting. According to a corporate disclosure released yesterday, the meeting is scheduled ...
The Akwa Ibom State Government has debunked reports suggesting the imminent sale of Ibom Power Company, describing such allegations as malicious and wholly unfounded. In a press statement released on Wednesday by the Commissioner for Information, Hon. Aniekan Umanah, the Government clarified that the administration of Governor Umo Eno is instead focused on a comprehensive ...
The Nigerian Electricity Regulatory Commission (NERC) and the Imo State Government have initiated a strategic collaboration aimed at advancing the state’s electricity market and improving power reliability. This follows a courtesy visit by the Governor of Imo State to the Commission on March 11, 2026, to congratulate the Chairman on his appointment and explore developmental ...
By Abba Aliyu, Manoj Sinha and Woochong Um Since the turn of the century, India has nearly doubled the share of its households that are connected to electricity, from 56% in 2000 to nearly 100% today. In doing so, it has made one of the world’s largest contributions to reducing the global electricity deficit, from ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced the completion of the pre-qualification stage for the 2025 Licensing Round, marking a significant step forward in the nation’s energy sector. In a statement released on Tuesday, the Commission's Head of Media and Strategic Communication, Eniola Akinkuotu, confirmed that successful applicants were notified on March 16 in strict ...
Barely weeks after the Rural Electrification Agency (REA) and Lotus Bank signed a landmark ₦100 billion Memorandum of Understanding (MoU), the partnership has begun to yield fruits as Ventura Logistics Services has secured ₦7.4 billion in financing to deploy renewable energy infrastructure across eight key sites in Ebonyi State. This funding, backed by the Distributed ...
Energy analysts are raising alarm over Nigeria’s total lack of crude oil reserves as the Gulf War between the United States, Israel, and Iran enters its third week, driving global energy prices to historic highs. Speaking on Arise News, Kelvin Emmanuel, an oil and gas expert and Managing Partner at Energy Consulting Practice, warned that ...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. The project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment to operational ...
Togo has expressed interest in increasing electricity imports from Nigeria through the Niger Delta Power Holding Company (NDPHC) to meet rising domestic demand. The Managing Director of Niger Delta Power Holding Company, Jennifer Adighije, disclosed this in a statement on Sunday following talks with Togo’s national electricity utility. The visiting delegation from Compagnie Energie Electrique ...
