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…
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…
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…
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…
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…
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…
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…
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 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…
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…
