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The International Monetary Fund (IMF) has issued a high-alert warning regarding the stability of the global economy, noting that a protracted surge in energy prices is now a primary threat that could simultaneously ignite runaway inflation and decimate global growth. Speaking on Thursday, IMF spokesperson Julie Kozack confirmed that escalating geopolitical conflicts have severely disrupted ...
For many Nigerians, electricity supply remains one of the biggest daily frustrations. Power outages can last hours or even days, disrupting work, spoiling food, and forcing households and businesses to rely heavily on fuel-powered generators. Lately, more Nigerians have turned to solar energy as an alternative to unreliable electricity supply. Solar systems are increasingly seen ...
You’ve either screamed in agony when you saw the fuel prices recently, or you have litres of fuel stored somewhere that can last you a lifetime. No other option.Then, you must’ve screamed louder when you heard that the fuel price hike has something to do with the ongoing war with the Middle East.You must’ve thought, ...
By Ismail Azeez The National Association of Nigerian Students (NANS), Southwest Zone D has staged a peaceful protest on Wednesday to decry the persistent epileptic power supply affecting the region and the country at large. The demonstrators marched through major areas of Osogbo, including the November 24 Bridge, Ogo-Oluwa, Aregbe, Olaiya, and MDS, before concluding ...
Secure Electronic Technology Plc schedules board meeting to approve 2025 AFSSecure Electronic Technology Plc (SET Plc), a leading player in the gaming and lottery sector, has formally notified the Nigerian Exchange Limited (NGX) and the investing public of its upcoming Board of Directors meeting. According to a corporate disclosure released yesterday, the meeting is scheduled ...
The Akwa Ibom State Government has debunked reports suggesting the imminent sale of Ibom Power Company, describing such allegations as malicious and wholly unfounded. In a press statement released on Wednesday by the Commissioner for Information, Hon. Aniekan Umanah, the Government clarified that the administration of Governor Umo Eno is instead focused on a comprehensive ...
The Nigerian Electricity Regulatory Commission (NERC) and the Imo State Government have initiated a strategic collaboration aimed at advancing the state’s electricity market and improving power reliability. This follows a courtesy visit by the Governor of Imo State to the Commission on March 11, 2026, to congratulate the Chairman on his appointment and explore developmental ...
By Abba Aliyu, Manoj Sinha and Woochong Um Since the turn of the century, India has nearly doubled the share of its households that are connected to electricity, from 56% in 2000 to nearly 100% today. In doing so, it has made one of the world’s largest contributions to reducing the global electricity deficit, from ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced the completion of the pre-qualification stage for the 2025 Licensing Round, marking a significant step forward in the nation’s energy sector. In a statement released on Tuesday, the Commission's Head of Media and Strategic Communication, Eniola Akinkuotu, confirmed that successful applicants were notified on March 16 in strict ...
Barely weeks after the Rural Electrification Agency (REA) and Lotus Bank signed a landmark ₦100 billion Memorandum of Understanding (MoU), the partnership has begun to yield fruits as Ventura Logistics Services has secured ₦7.4 billion in financing to deploy renewable energy infrastructure across eight key sites in Ebonyi State. This funding, backed by the Distributed ...
Energy analysts are raising alarm over Nigeria’s total lack of crude oil reserves as the Gulf War between the United States, Israel, and Iran enters its third week, driving global energy prices to historic highs. Speaking on Arise News, Kelvin Emmanuel, an oil and gas expert and Managing Partner at Energy Consulting Practice, warned that ...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. The project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment to operational ...
Togo has expressed interest in increasing electricity imports from Nigeria through the Niger Delta Power Holding Company (NDPHC) to meet rising domestic demand. The Managing Director of Niger Delta Power Holding Company, Jennifer Adighije, disclosed this in a statement on Sunday following talks with Togo’s national electricity utility. The visiting delegation from Compagnie Energie Electrique ...
The University of Ilorin and the Nigerian National Petroleum Company Limited (NNPCL) have set up a joint strategic committee to establish a research centre and promote cooperation between the two institutions. This is contained in a statement by the Director of Corporate Affairs of the University, Mr Kunle Akogun, on Saturday, in Ilorin. Akogun disclosed ...
The Association of Energy Correspondents of Nigeria (NAEC) has ushered in a new administrative cycle following a keenly contested election at its Obanikoro Secretariat, which saw the re-election of Ugo Amadi and Dr. Adeola Yusuf to lead the body for the 2026–2028 term. The electoral process, which drew participation from journalists, editors, and publishers across ...
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the relentless surge in global energy prices, exacerbated by intensifying geopolitical tensions in the Middle East, is pushing Nigerian businesses particularly Small and Medium Enterprises (SMEs) to a breaking point. In a statement released on Sunday, the think tank underscored that the combination ...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. The project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment ...
The Nigerian Content Development and Monitoring Board (NCDMB) has embarked on the training of thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State under the Nigerian Content Human Capital Development (NC-HCD). The programme sponsored by the Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited Training Programme ...
President Bola Ahmed Tinubu has approved the appointment of Mr. Fola Adeola, the co-founder of Guaranty Trust Bank and chairman of the Fate Foundation, to chair the newly-formed Presidential Petroleum Reform & Value Optimisation Taskforce. The taskforce is an executive working group designed to architect the next phase of structural reforms within Nigeria's energy sector. ...
Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has reaffirmed its dedication to the socio-economic advancement of the Niger Delta through strategic infrastructure partnerships. The energy major confirmed its active participation in stakeholder dialogues regarding the proposed Escravos to Warri Road Project, collaborating closely with the Niger Delta Development Commission (NDDC) and the ...
In a strategic move to tighten regulatory oversight of Nigeria’s energy infrastructure, the Nigerian Electricity Regulatory Commission (NERC) has issued a new directive requiring all privately owned, grid-connected transmission substations to obtain formal authorization. The order establishes a regulatory framework requiring owners of private transmission substations used by bulk electricity consumers to obtain an Independent ...
An aide to the Minister of Power, Mr Bolaji Tunji has clarified that the Minister of Power should not be blamed for the reduce power supply across the country. In a post on Facebook, Tunji appealed for a more comprehensive understanding of the structural issues currently affecting Nigeria's electricity sector. He urged the public to move beyond individual criticisms of the Minister and instead consider the systemic bottlenecks hindering power stability. Tunji highlighted the significant ...
