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...as electricity consumers pay ₦196.68bn The Eko Electricity Distribution Company (EKEDC) and Abuja Electricity Distribution Company (AEDC) have emerged as the top performers in revenue collection for February 2026, according to the latest factsheet released by the Nigerian Electricity Regulatory Commission (NERC). The report, which tracks the commercial performance of the 11 Distribution Companies (DisCos), ...
Mrs Oritsemeyiwa Eyesan, Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Nigeria has introduced a long-term energy plan aimed at balancing economic growth, expanding energy access, and addressing climate concerns. Eyesan said this would also strengthen and position the country as a pivotal force in the evolving global energy landscape. She ...
Mrs Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Nigeria’s oil and gas sector is undergoing a transformation driven by growing local participation, climate targets and renewed investment momentum. Speaking at the 2026 Offshore Technology Conference (OTC) 2026 in Houston, Eyesan said indigenous firms were playing an increasing role in ...
By Damilare Adeleye The Dangote Group has denied reports alleging a purported rift between its President, Aliko Dangote, and the Chairman of the United Bank for Africa (UBA) Plc, Tony Elumelu. A post by one Oghneminehhhhh on X (formerly Twitter) had claimed that Dangote revealed that he was financially incapacitated when building the Lagos refinery ...
The Federal Government has revealed that it is advancing export-focused initiatives to connect Nigeria's gas resources to global markets. Speaking at the 21st Pipeline Technology Conference in Berlin, Germany, Minister of Petroleum Resources (Gas), Rt.Hon.Ekperikpe Ekpo outlined Nigeria’s strategic direction for the gas sector in a rapidly evolving global energy landscape. He noted that Nigeria ...
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyewa Eyesan, has emphasized that while regulatory frameworks provide a necessary foundation, they are insufficient on their own to ensure long-term sector stability. Eyesan advocated for a strategic partnership with the Chartered Institute of Directors (CIoD) to reinforce corporate governance within Nigeria's oil and ...
The Presidential Communications Team, led by the Special Adviser on Information and Strategy, Mr. Bayo Onanuga has commenced an extensive inspection tour of major federal infrastructure projects across the North-West geopolitical zone on Thursday. The tour, conducted in collaboration with the Renewed Hope Ambassadors, highlighted the successful introduction of concrete pavement technology on the Abuja–Kaduna–Kano ...
Seplat Energy PLC has rewarded its shareholders with a massive increase in returns, declaring a total dividend of US 9.0 cents per share for the first quarter of 2026. This payout represents a 96% surge compared to the same period in 2025, reflecting the company’s robust cash generation and strengthened balance sheet. The dividend package ...
By Damilare Adeleye President Bola Tinubu has appointed Rilwan Lanre Babalola as Special Adviser on Power and Chairman of a newly established Presidential Task Force on Power Sector Reset and Restoration, in a move aimed at accelerating reforms across Nigeria’s electricity industry. The appointment, announced in a statement signed by the special adviser to the ...
By Funnmilola Gboteku Mrs. Darshana Deka, Conference Producer, IoT West Africa, says that Nigeria must move beyond its current reliance on solar energy and explore broader renewable options to effectively power its growing digital economy. Deka said this in an interview with the Newsmen on Thursday in Lagos. She said the country’s power sector held ...
By Yunus Yusuf Egbin Power Plc has shut down operations following a fatal industrial accident involving a contractor during an underwater maintenance exercise. The incident, which occurred on Tuesday, led to the shutdown of the plant, a major contributor to electricity supply on the national grid. Confirming the development to the Newsmen on Thursday, the ...
The Nigerian Independent System Operator (NISO) and the West African Power Pool (WAPP) have emphasized on the importance of adhering to quality technical standards in the Phase II regional grid synchronization scheduled for June 2026 Receiving a delegation from WAPP in Osogbo, the engagement serves as a critical precursor to the Phase II regional grid synchronization ...
By Osordi Ayomide The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), raising concerns about renewed inflationary pressure across the Nigerian economy. The refinery raised its gantry price by N75, from N1,200 to N1,275 per litre, marking an increase of approximately five percent. This adjustment reflects mounting cost pressures linked to ...
The newly inaugurated Chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Senator Magnus Abe has pledged to improve the capacity of the NUPRC in meeting its statutory mandate. Speaking on Tuesday upon his formal assumption of duties, Abe noted that the board will provide better leadership and oversight for the commission. ...
By Austine Agbo Emmanuel The Nigerian Trade Union Congress (TUC) has urged the federal government to cut taxes by 50% for workers. The demands formed part of th3 resolutions from the TUC National Executive Council (NEC) meeting held in Abuja on Monday. The key resolutions as read by Festus Osifo, President of TUC, warned that ...
By Osordi Ayomide Nigeria’s journey toward total energy self-sufficiency has entered a decisive phase as the Dangote Refinery, already the largest single-train facility on the planet, positions itself for a potential capacity scale-up. Widely regarded as the cornerstone of the nation’s industrial transformation, the refinery is not just refining oil; it is refining the very ...
By Osordi Ayomide In a significant move for West African energy cooperation, Sierra Leone has signed a $225 million offshore oil exploration agreement with Nigerian indigenous firm, Marginal Energy Limited. The deal, signed on the sidelines of the Invest in African Energy Conference in Paris, grants the Nigerian firm exploration and potential production rights over ...
By Fredrick Ameh Energy icon Dr. Diran Fawibe has called for the urgent establishment of a Nigerian Academy of Energy Economics, an independent body designed to provide the rigorous, non-partisan analysis necessary to stabilize Nigeria’s most critical economic sector. Speaking on Tuesday after receiving a Distinguished Fellowship Award from the Nigerian Association for Energy Economics ...
President of Dangote Group, Aliko Dangote, has announced that the expansion of the Dangote Refinery to a production capacity of 1.4 million barrels per day will generate employment for no fewer than 95,000 skilled workers at peak construction. Dangote disclosed this at the weekend in Lagos during his induction as an Honorary Fellow of the ...
Lagos State Governor, Babajide Sanwo-Olu has presided over the signing of three landmark Power Purchase Agreements (PPAs) aimed at overhauling the state’s energy infrastructure and ensuring more reliable electricity for public facilities. The new agreements, signed on Sunday introduce a strict accountability framework where the state government will only pay for energy actually delivered and ...
…announces further expansion to 100mcf, 30,000bpd Waltersmith Petroman has announced the completion of the firm’s refining capacity, from 5,000 barrels per day (bpd) to 10,000 bpd. This was disclosed during a facility tour of the refinery by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Content Development and Monitoring Board (NCDMB) ...
Stakeholders at the SHEnovation Hackathon 2026 webinar on Saturday have urged innovators to prioritise solution-driven ideas and investment readiness to scale sustainability-focused business ventures. They emphasised that strong business models, data-backed impact and clear value propositions are critical to attracting funding and ensuring long-term viability. The webinar organised by the Lagos Chapter of the Association ...
The Federal government through the Energy Commission of Nigeria (ECN) has on Friday inaugurated the groundbreaking ceremony of 2-megawatts solar hybrid project worth N3.8 billion at the Aliko Dangote University of Science and Technology (ADUSTECH) Wudil in Kano State. The report states that the project under the flagship of Renewed Hope Solarization project of President ...
