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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 ...
Gov. Babajide Sanwo-Olu of Lagos has reaffirmed his administration’s commitment to renewable energy, especially in electricity, to stimulate economic activities across the state. He made this known on Monday at the Roundtable Meeting on Rural Electrification and Sustainable Energy Development, held at the Oriental Hotel, Victoria Island. The event was organised by the Lagos State ...
Seplat Energy Plc has announced a major achievement in its efforts to contribute to Nigeria’s gas development, revealing that it has installed over 850 million standard cubic feet per day (MMscfd) of gas infrastructure across the country to address domestic supply demands. The company’s Chief Operating Officer, Mr. Samson Ezugworie, made the disclosure during a ...
The Federal Government has officially launched the first phase of the 400kW Solar Photovoltaic (PV) Power Plant at the Yobe State University Teaching Hospital in Damaturu, marking a significant step towards enhancing healthcare services and promoting renewable energy in Nigeria. Chief Adebayo Adelabu, the Minister of Power, said the initiative aims to boost healthcare delivery ...
Engr. Jennifer Adighije, the Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company (NDPHC), has been named Young Achiever of the Year at the 2025 Energy Times Awards for her outstanding contribution to the goal of generating 6,000 megawatts of power. The award was presented at a dinner event in Lagos ...
Shell Nigeria Exploration and Production Company Ltd (SNEPCo), a major sponsor of the Oloibiri Lecture Series and Energy Forum (OLEF), has praised the annual event as a valuable driver of transformation in Nigeria’s energy industry. The company described the forum as a crucial space for advancing conversations around operational efficiency, cost control, and streamlining processes ...
The Nigerian Gas Association (NGA) has revealed that the country’s gas sector has secured over five billion dollars in new investments as of 2024. This was disclosed by the NGA President, Mr Akachukwu Nwokedi, during a press briefing over the weekend in Lagos, ahead of the 29th World Gas Conference (WGC 2025), which is set ...
Organisers of NOG Energy Week have confirmed that the 24th edition of the flagship event will take place in Abuja from 29th June to 3rd July 2025. With the theme “Accelerating Global Energy Progress through Investment, Partnerships and Innovation,” the conference is set to attract a distinguished lineup of policymakers, industry leaders, regulators, and energy ...
The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China from May 19–23, 2025. Speaking during a media engagement in Lagos, NGA President, Mr. Akachukwu Nwokedi revealed that the Association will host a Nigeria Pavilion at the prestigious triennial event, organized ...
Fitch Ratings has observed that Nigeria’s ongoing reforms in the energy sector, including initiatives to expand renewable energy deployment, are likely to underpin a current account surplus over the medium term. This perspective was shared in Fitch’s latest sovereign rating announcement, in which it upgraded Nigeria’s long-term foreign-currency Issuer Default Rating (IDR) from ‘B-’ to ...
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as of 1 January 2025. The Commission also confirmed that Nigeria’s natural gas reserves had reached a substantial 210.54 trillion cubic feet (tcf), marking a slight increase from the previous year. ...
The Federal Government, through the Minister of Power, Adebayo Adelabu, has confirmed that the national grid has been stabilised with an additional 700MW transmission capacity. Adelabu made this announcement over the weekend when he welcomed the European Union Ambassador to Nigeria, Gautier Mignot, to his office in Abuja. According to a statement from the Minister’s ...
The Nigerian Upstream Petroleum Regulatory Commission has revealed the country’s official petroleum reserves, showing a total of 37.28 billion barrels of crude oil and condensate, as well as 210.54 trillion cubic feet of natural gas. This was disclosed on Friday in a press release titled “The Declaration of Annual National Petroleum Reserves Position as of ...
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has imposed fines totalling ¦ 628,031,583.94 on eight Electricity Distribution Companies (DisCos) for failing to comply with the rules on the capping of estimated bills issued to unmetered customers. This development was announced in a statement published on the Commission’s official website in Abuja on Thursday. ...
Former Minister of Power, Professor Barth Nnaji, has said that Nigeria has the potential to attain a $1 trillion economy if it makes targeted, strategic investments in its energy sector—particularly in natural gas. He made this assertion on Thursday during the 2025 edition of The Bullion Lecture, organised by the Centre for Financial Journalism in ...
The Enugu State Electricity Regulatory Commission (EERC) has granted an electricity generation licence to Tempo Power Solutions Ltd for a five-megawatt gas-powered plant set to operate in the state. Described as a pioneering project in terms of technological sophistication, the power plant is expected to supply electricity to both commercial and residential areas within Enugu ...
By Seun Ibiyemi The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday and is coming barely 24 hours after the Federal Executive council (FEC) ...
By Matthew Denis The Minister of State Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, has charged the new leadership of the Nigerian National Petroleum Company Limited (NNPC Ltd.) to prioritize the completion of the Ajaokuta-Kaduna-Kano (AKK) and Obiafu-Obrikom-Oben (OB3) projects and other critical National Gas Projects. This is contained in a statement signed by Louis Ibah ...
By Seun Ibiyemi The Federal Government and China Machinery Engineering Corporation (CMEC) on Wednesday signed a contract agreement aimed at improving power supply across the country. The contract, valued at $328,819 million dollars covers Engineering, Procurement, Construction, and Financing for the implementation of transmission lines under Phase 1 of the Presidential Power Initiative (PPI). The ...
By Seun Ibiyemi Global oil prices plunged to their lowest levels since early 2021 on Wednesday, amid growing concerns over a supply glut and weakening demand from major economies. The sharp downturn comes just as U.S. President Donald Trump unexpectedly announced a suspension of newly imposed tariffs on Chinese goods, in a bid to deescalate ...
Dangote Petroleum Refinery says it has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products to include aviation fuel ...
By Seun Ibiyemi The Federal Ministry of Finance has restated the government’s unwavering commitment to the Crude and Refined Product Sales in Naira initiative during an update meeting held in Abuja today. The session, presided over by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, brought together key stakeholders ...
The Federal Government has ordered illegal miners to immediately vacate all mining sites in Zamfara following the confirmation of an outbreak of lead poisoning in Bungudu Local Government Area. The Minister of Solid Minerals Development, Dr Dele Alake, gave the warning in a statement by his Special Assistant on Media, Segun Tomori, on Tuesday in ...
