Latest in
The Federal Government will tighten spending and intensify efforts to diversify its sources of revenue in response to declining oil prices, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said on Wednesday. Speaking at a meeting with investors during the IMF/World Bank Spring Meetings in Washington DC, Edun explained that the ...
Stakeholders in Nigeria’s environmental and energy sectors are calling on governments, civil society organisations, and individuals to come together and invest in the country’s transition to renewable energy. At a conference held in Abuja to mark the 2025 World Earth Day, participants urged significant financial and technical backing from both the public and private sectors ...
The Kano Electricity Distribution Company (KEDCO) has rejected recent reports alleging that residents of Kano, Katsina, and Jigawa states receive only two hours of electricity per day. The company’s Head of Corporate Communications, Sani Bala, made this known during the week, describing the claims as misleading and inconsistent with actual energy distribution data. According to ...
The Vice Chancellor of Delta State University (DELSU), Abraka, Professor Samuel Asagba, has revealed that the institution spends a staggering N720 million each year on electricity-related costs. Speaking during the university’s 17th Convocation Press Conference held on campus on Wednesday, Professor Asagba detailed the extent of the expenditure, explaining that DELSU pays approximately N60 million ...
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and his Gas counterpart, Rt. Hon Ekperikpe Ekpo, have commended Dr Obinna Ezeobi, a senior official at the Nigerian Content Development and Monitoring Board (NCDMB), for authoring a book that captures how strategic communication, robust stakeholder engagement, and effective collaboration have significantly advanced Nigeria’s local ...
The Federal Government is crafting a new investment model aimed at drawing private capital into the expansion and stabilisation of Nigeria’s national electricity grid, in a renewed effort to guarantee consistent and adequate power supply across the country. Minister of Power, Chief Adebayo Adelabu, revealed in an interview this week that the administration has begun ...
By Seun Ibiyemi The Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Bashir Ojulari has pledged to attract sectoral investments worth 30 billion dollars and 60 billion dollars by 2027 and 2030 respectively, ramping up in-country production. Ojulari said the company, under his stewardship, would raise crude oil production to over ...
Mr Olufemi Soneye, Chief Corporate Communications Officer at the Nigerian National Petroleum Company Limited (NNPC Ltd), has pledged to continue advancing standards in public communication and to remain committed to serving Nigerians with integrity. Speaking in Abuja on Thursday during an interview, Soneye expressed gratitude following his emergence as the Nigerian Institute of Public Relations ...
Governor Sheriff Oborevwori of Delta State has reaffirmed his administration’s commitment to providing a secure and stable environment for oil and gas companies operating within the state. He gave the reassurance on Thursday in Asaba while receiving senior executives of Renaissance Africa Energy Company. Renaissance Africa Energy Holdings is a consortium of four prominent Nigerian ...
The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s commitment to ensure stability in the power sector. Adelabu gave the assurance in his Easter message, signed by his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja over the weekend. He said that the ministry of power remains ...
The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s commitment to ensure stability in the power sector. Adelabu gave the assurance in his Easter message, signed by his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja on Saturday. He said that the ministry of power remains steadfast ...
The Petroleum Technology Development Fund (PTDF) has announced plans to work closely with stakeholders in Nigeria’s oil and gas industry to ensure that students trained under its scholarship programme are absorbed into key roles within the sector. This was made known by Mrs Bolanle Agboola, Head of the Overseas Scholarship Scheme at PTDF, during her ...
…As tariff reforms drive historic growth By Seun Ibiyemi The Minister of Power, Mr Adebayo Adelabu, has revealed that Nigeria’s power sector recorded an additional N700 billion in revenue in 2024, marking a striking 70 per cent increase compared to 2023. Speaking on Thursday at the 6th Edition of the 2025 Ministerial Press Briefing Series ...
The Niger Delta Power Holding Company (NDPHC) has announced a significant investment of N500 billion in the development of transmission infrastructure and networks across Nigeria. Engr. Jennifer Adighije, Managing Director/CEO of NDPHC, made this revelation on Thursday during an inspection of the 330/132/33kV Lafia Transmission Substation, accompanied by the company’s management team. Adighije praised the ...
Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday offered strong backing for the vision and long-term plans of Renaissance Africa Energy Company Limited, a consortium that completed the acquisition of Shell Petroleum Development Company’s (SPDC) onshore oil assets in March 2025. While addressing a high-level delegation ...
…Former MD honoured as ‘Amazon of Nigeria’s Oil Sector’ Shell Nigeria Exploration and Production Company (SNEPCo) has been recognised as the Major Oil Company of the Year 2024 by Energy Times, a leading publication covering the energy sector. The accolade was awarded in recognition of SNEPCo’s sustained contribution to the growth of deep-water oil and ...
The Federal Government says it plans to pay Power Generation Companies (GenCos) two trillion Naira out of the four trillion Naira debt owed them before the end of 2025. The Minister of Power, Mr Adebayo Adelabu said this on Thursday in Abuja at the 6th Edition of the 2025 Ministerial Press Briefing Series. Adelabu was ...
The Eko Electricity Distribution Company (EKEDC) has informed customers of a planned 10-hour suspension of its prepaid payment services scheduled for Tuesday, 22 April 2025. In a statement released on Thursday in Lagos, the company’s General Manager of Corporate Communications, Mr Babatunde Lasaki, confirmed that the temporary interruption would occur between 2:00 p.m. and 11:59 ...
...Kaduna Refinery hits 81% completion By Seun Ibiyemi With global crude oil prices continuing their sharp downward trend, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has raised serious concerns about the broader economic implications for Nigeria, a country still heavily reliant on petroleum revenues. Speaking during ...
The Rural Electrification Agency (REA) has unveiled plans to develop Nigeria’s first floating solar photovoltaic (PV) plant—an 8MW facility—set to provide electricity to Lagos State University (LASU). This landmark project is part of a broader collaboration between the agency and the Lagos State Government to accelerate access to clean energy, particularly for public institutions across ...
By Seun Ibiyemi The Federal Government has disclosed that plans are underway to address the N4 trillion debt owed to electricity generation companies (GenCos) for power already supplied to the national grid. This was confirmed by the Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Bola Tunji, during an ...
Africa’s consumption of natural gas continued its upward trajectory in 2024, reaching 183 billion cubic metres (bcm), according to the Gas Exporting Countries Forum (GECF). This represents a three per cent year-on-year increase, driven largely by expanding industrial activity and rising energy needs across the continent. The figures were disclosed in the GECF’s 2025 Annual ...
The Yola Electricity Distribution Company (YEDC) has announced that it is expecting the delivery of 6,000 prepaid metres by the end of April, with distribution plans already underway. This update was shared by the company’s Regional Manager for the Jalingo office, Alhaji Aminu Aliyu, during a customer sensitisation forum organised jointly by YEDC and the ...
