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Nigeria’s energy sector could attract at least twice the level of investment it receives today within the next five years, the International Energy Agency (IEA) has said, raising fresh questions about what the country must do to convert its vast oil, gas and renewable resources into bankable projects. IEA Executive Director, Fatih Birol, gave the ...
The Transmission Company of Nigeria (TCN) says it will carry out urgent maintenance work on Saturday at its Katampe Substation in Abuja. The company said the maintenance was necessary to enable its technical crew to seal an oil leakage from a transformer at the 330/132/33 kilovolt substation. TCN management disclosed this in a statement posted ...
Nigeria’s electricity distribution companies (DisCos) left N48.85 billion worth of electricity bills uncollected in June 2026, highlighting renewed pressure on the financial health of the power market. The latest commercial performance data from the Nigerian Electricity Regulatory Commission (NERC), released on September 2, showed that the 11 DisCos billed customers N240.71 billion for electricity during ...
The highly anticipated initial public offering (IPO) of Dangote Petroleum Refinery is expected to open on September 14, with the share sale targeting between $1.55 billion and $1.8 billion, according to sources familiar with the transaction. The development follows a disclosure by Dangote Group President and CEO, Aliko Dangote, on Thursday that the IPO would ...
The Federal Government is targeting 2028 for the completion of the Oloibiri Museum and Research Centre in Bayelsa State, as part of efforts to preserve the history of Nigeria’s oil and gas industry. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this while speaking on the development of the project in Otuabagi, ...
The House of Representatives Committee on Power has urged Electricity Distribution Companies (DisCos) indebted to the electricity market to urgently settle their outstanding obligations. The Nigerian Independent System Operator (NISO) disclosed this in a statement made available to the news reporters on Thursday in Abuja. According to the statement, the Chairman of the committee, Rep. ...
The Niger Delta Power Holding Company (NDPHC) has revealed that it has recovered over $12 million in electricity debts from cross-border customers in Togo and other nations. This payment forms a part of the more than $50 million owed to the company, the NDPHC Managing Director, Engr. Jennifer Adighije, has disclosed. Adighije made the disclosure ...
The federal government of Nigeria has revealed that over two billion dollars in investments have been attracted into the Compressed Natural Gas (CNG) value chain. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo made this known noting that the investments are a signal of growing investor confidence in Nigeria’s domestic gas ...
The Niger Delta Power Holding Company (NDPHC) is preparing to commence the second phase of the National Integrated Power Project (NIPP), with plans to deploy solar, mini-hydropower and off-grid solutions, particularly in Northern Nigeria. The Managing Director and Chief Executive Officer of NDPHC, Engr. Jennifer Adighije, disclosed this on Wednesday in Abuja during an oversight ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says filling stations across the Federal Capital Territory (FCT) will begin adjusting petrol pump prices downward in the next few days. The National Publicity Secretary of IPMAN, Mr Chinedu Ukadike, said this in an interview with the news reporters on Thursday in Abuja. Ukadike said that marketers ...
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal Government for implementing bold and transformative economic reforms that are repositioning Nigeria for sustainable growth, strengthening investor confidence, and accelerating the country’s economic recovery According to Dangote, the ongoing fiscal, monetary, and regulatory reforms have contributed significantly to improving macroeconomic ...
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in its financial performance in July 2026, with profit after tax (PAT) falling by nearly half as crude oil and gas sales weakened during the month. According to NNPC’s July 2026 Monthly Report, the company posted a profit after tax of ₦279 billion in July, down from ₦535 billion in June.Monthly revenue also fell ...
The Nigerian Content Development and Monitoring Board (NCDMB) has called on African energy companies and producing nations to transition from passive natural resource ownership into active, sustainable industrial powerhouses. Speaking at the Africa Local Content Programme during Africa Oil Week 2026, the Board emphasized that the continent’s long-term economic prosperity depends on converting raw oil ...
Nigeria has positioned its ongoing electricity sector reforms as a potential model for developing economies seeking to strengthen energy security and attract long-term investment amid growing global geopolitical tensions. The Minister of Power, Joseph Tegbe, made the case at the opening plenary of the Middle East Energy 2026 Leadership Summit in Dubai, where he argued ...
Nigeria’s Minister of Power, Joseph Tegbe, has called for a fundamental reset in the global energy security paradigm, demanding that grid infrastructure and system resilience receive the same strategic priority historically accorded to hydrocarbon reserves. Delivering a keynote address titled “Energy Security and the Effect of Geopolitics” at the 50th Middle East Energy Leadership Summit ...
The Nigerian Institution of Petroleum Engineers (NIPetE) has called for stronger synergy between industry operators and professional bodies to equip Nigerian graduates with the hands-on, practical competencies required to compete in the energy sector. Speaking during an interview on the sidelines of the ongoing 2026 African Oil Week (AOW) in Accra, Ghana with NewsDirect, the ...
Nigeria's Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has reaffirmed the Federal Government’s commitment to expanding the use of Compressed Natural Gas (CNG) as a cheaper, cleaner and more sustainable alternative to conventional transport fuels, with the aim of reducing transportation costs for Nigerians. Since the launch of the Presidential Initiative on ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 300 dollars Helicopter Levy for Air Navigational Services remains payable, while Terminal Navigational Charge (TNC) does not apply to offshore petroleum operations. The commission said the levy remained payable to the Nigerian Airspace Management Agency (NAMA). The clarification was contained in a circular signed by NUPRC ...
...pays over $835m dividends to investors Nigeria'a Seplat Energy has revealed that it is executing an aggressive growth strategy, targeting a 500,000-barrel-per-day production capacity. Engr. Effiong Okon, Chief Executive Officer and Executive Director of Seplat Energy, unveiled these target during a plenary session at Africa Oil Week 2026 in Accra, Ghana. The high-level session, moderated ...
The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Dr Abba Abubakar Aliyu, has tasked staff of the agency on continuous innovation and improvement. Dr. Aliyu made the remarks during the official close-out event of the Renewable Energy Performance and Accountability Support (REPAAS) Digital Transformation Programme in Abuja. The initiative was ...
The Chairman of the Independent Petroleum Producers Group (IPPG) and CEO of Aradel Holdings, Adegbite Falade, has raised alarm over stalled energy developments across the continent. Delivering a keynote address on behalf of IPPG members at the 2026 Africa Oil Week (AOW) in Accra, Ghana, Falade stated that while global energy demand continues to expand, ...
...retains $300 landing fee on Gov't aerodomes The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ruled that oil and gas operators will not be required to pay the Terminal Navigational Charge (TNC) when helicopters supporting upstream petroleum operations land at private offshore facilities or platforms. The clarification follows concerns raised by upstream operators over the ...
The National Agency for Science and Engineering Infrastructure (NASENI) has extended its Sustainable Empowerment Programme (NSEP) to Lagos State, empowering 1,000 beneficiaries with clean energy solutions, livelihood support and practical skills training as part of efforts to deploy technology that directly improves the lives and economic opportunities for Nigerians. The Lagos edition of the programme, ...
