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By Seun Ibiyemi The Rural Electrification Agency (REA) has called for a deeper commitment from private developers to sustain Nigeria’s ambitious off-grid power targets. During an inspection of Vsolaris facilities in Lagos, REA Managing Director Dr. Abba Abubakar Aliyu stated that government funding is intended solely as a catalytic grant to unlock private capital rather than a ...
By Seun Ibiyemi The Federal Government through the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has urged stakeholders in the energy sector to adopt performance-driven local content strategies to accelerate industrial growth and position African companies for global competitiveness. Ekpo made the appeal while opening a strategic session titled “Local Content Beyond Compliance: Building African Industrial Powerhouses,” at the 9th Nigeria International ...
By Seun Ibiyemi The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has issued a warning regarding the disconnect between high-level energy policies and the actual delivery of projects on the ground. Delivering a presentation titled “Bridging Production Gaps: From Policy Intent to Project Delivery” at the 9th Nigeria International Energy ...
…delivers solar submersible borehole for over 2,500 residents The Rural Electrification Agency (REA) has successfully completed and commissioned a 100 kWp solar mini-grid in Damau, a rural community in Kubau Local Government Area of Kaduna State, marking another milestone in the Agency’s mandate to expand sustainable energy access and improve socio-economic growth in underserved and ...
The Ogun State Government is set to commission its own Electricity Distribution Company, a strategic move designed to bypass national grid bottlenecks and guarantee stable power supply for the state's industrial and residential clusters. Governor Dapo Abiodun disclosed this on Wednesday while receiving a high-powered World Bank delegation led by its Vice President, Ms. Galina ...
…unveil over 3,800 mini-grid opportunities By Seun Ibiyemi The Rural Electrification Agency (REA) and the Benue State Government have launched a strategic partnership designed to bridge the energy gap for over 1.2 million residents through renewable energy solutions. The collaboration was formalized on Wednesday during the 24th State-by-State Roundtable, which focused on translating the Electricity ...
By Seun Ibiyemi The Federal Government’s ambitious bid to end the regime of estimated billing by distributing millions of free electricity meters is facing a storm of opposition, with industry insiders warning that financing loopholes, logistical nightmares, and a brewing standoff with Distribution Companies (DisCos) threaten to derail the entire project. The initiative, anchored on ...
The Transmission Company of Nigeria (TCN), Enugu Region says it has inaugurated a new 75 Mega Volt Ampere (MVA), 132/33 Kilo Volt (KV) power transformer at its Mile 50, Abakaliki Transmission Substation in Ebonyi. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs made this known in a statement in Abuja on Wednesday. Mbah said that ...
The Federal Government has successfully raised ₦501 billion in its inaugural bond issuance dedicated to clearing over a decade of accumulated debts in the power sector. The historic move has seen 14 power plants sign settlement agreements, marking a turning point for electricity generation in Nigeria. The bond, issued under the Presidential Power Sector Debt ...
Dangote Petroleum Refinery & Petrochemicals has announced an upward adjustment in the gantry price of Premium Motor Spirit (PMS), moving from N699 to N799 per litre, a decision the company attributes to the conclusion of its temporary holiday price relief programme. In a statement issued on Monday, the refinery explained that the recent pricing structure ...
In a decisive move to salvage the nation’s electricity value chain, the Federal Government has successfully raised ₦501 billion through its inaugural bond issuance aimed at clearing over a decade of accumulated debts owed to power generation companies (GenCos). The bond, issued under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recorded a 100 percent ...
By Seun Ibiyemi Nigeria’s electricity grid has collapsed for the second time in 2026, plunging the country into a widespread blackout and leaving millions of homes and businesses without power. Checks on the official website of the Nigerian Independent System Operator (NISO) showed that as of 10:54 a.m. on Monday, January 27, 2026, all major ...
The Ikeja Electricity Distribution Company has announced that a system disturbance was experienced on Friday at about 12.40. The DisCo announced this development in a public notice on its official X handle. It said, ”Dear Esteemed Customers, be informed that we experienced a system outage on Friday at 12.40pm affecting all feeders. ”Efforts are currently ...
Nigeria has recorded a significant decline in its natural gas demand, dropping by 1.48 billion cubic meters (bcm) year-on-year as of November 2025. This development was contained in the January 2026 Monthly Oil & Gas Data Review released by the International Energy Forum (IEF), which tracks global energy flows and market trends. According to the report, Nigeria’s sharp reduction in gas ...
Ogun State is poised to join the elite league of oil-producing states in Nigeria following the formal approval by President Bola Ahmed Tinubu for the commencement of commercial oil drilling at Eba, Ogun Waterside area. Governor Dapo Abiodun confirmed the historic development on Thursday in Abeokuta, declaring that the state’s decades-long aspiration to contribute to ...
Ogun State is poised to join the elite league of oil-producing states in Nigeria following the formal approval by President Bola Ahmed Tinubu for the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area. Governor Dapo Abiodun confirmed the development on Thursday in Abeokuta, declaring that the state’s decades-long aspiration to ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has paid glowing tributes to the late Comrade Uche Marcus Okoro, the former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), marking the 20th anniversary of his tragic passing. In a statement signed by the Head of Media and Strategic Communication, Eniola Akinkuotu, ...
...Brent hovers near $64 Crude oil prices settled slightly higher on Sunday, stabilizing after a volatile week defined by fluctuating geopolitical tensions and renewed concerns over global oversupply. As of today, Brent crude is trading around $64.13 per barrel, while West Texas Intermediate (WTI), the U.S. benchmark, stands at approximately $59.44 per barrel. The oil market is currently catching its breath following a ...
Abuja Electricity Distribution Plc (AEDC) has announced a major corporate restructuring, transitioning into a Holding Company (HoldCo) model to align its operations with the decentralized regulatory framework introduced by the Electricity Act of 2023. This strategic evolution is designed to enhance the company's agility and governance while empowering it to operate effectively within the independent ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has reiterated the Federal Government’s commitment to creating a conducive operating environment for Engineering, Procurement, and Construction (EPC) companies, describing them as critical to the nation’s energy expansion drive. Lokpobiri gave this assurance on Thursday while presiding over the EPC Steering Committee Meeting in ...
…slashes work guarantee to 1% The Federal Government has drawn a firm line in the sand as it kicks off the 2025 Oil and Gas Licensing Round, declaring an end to the era of discretionary awards and explicitly ruling out refunds, exchanges, or post-bid adjustments for acquired assets. At a high-stakes Pre-Bid Conference held in ...
In a recent development, Sumedha Energy Limited, Sterling Oil’s joint venture with NNPC Exploration and Production Limited (NEPL), appoints Mr. Aniekeme Finbarr as its Media Manager for Akwa Ibom State Operations. Finbarr, with his credible background in journalism, will also manage communications and media relations for supporting subsidiaries of Sterling Oil Exploration and Energy Production ...
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has unveiled a comprehensive roadmap to transform Nigeria’s upstream oil and gas sector. Speaking at a major stakeholder meeting in Lagos, Eyesan outlined a vision anchored on three strategic pillars: production optimization and revenue expansion; regulatory predictability and speed; and ...
