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The Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory oversight of the electricity market in Gombe State to the Gombe State Electricity Regulatory Commission (GOSERC), marking a significant milestone in the ongoing decentralisation of Nigeria’s power sector. The transfer, effective immediately following a commission order, removes Gombe from NERC’s direct regulatory control regarding intrastate ...
Despite successive tariff adjustments aimed at cost recovery, the Federal Government incurred an electricity subsidy bill of ₦1.98 trillion between October 2024 and September 2025, according to the latest data from the Nigerian Electricity Regulatory Commission (NERC). Quarterly reports released by the regulator reveal that the government continued to bridge the gap between approved tariffs ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has declared that the success of regulatory agencies in the oil and gas sector will no longer be measured by the volume of regulations they enforce, but by the number of businesses they empower to succeed. Senator Lokpobiri stated this while receiving the ...
The Ibadan Electricity Distribution Company (IBEDC) has explained why parts of Oyo state, will experience a three-hour power outage for seven days. In a statement on Tuesday, IBEDC revealed that about 22 communities in Ibadan, Oyo state, will experience a three-hour power outage for seven days due to ongoing road construction. The electricity distribution company (DisCo) said ...
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity distribution companies (DisCos) installed 228,614 meters in the third quarter of 2025, representing a 0.73 percent increase from the 226,959 meters recorded in the second quarter. According to the commission’s third-quarter report posted on its website on Tuesday, 176,302 meters or 77.12 ...
The Nigerian Electricity Management Services Agency (NEMSA) has announced the successful completion of the tenure of its Managing Director and Chief Executive Officer, Engr. Aliyu Tukur Tahir, effective December 31, 2025. Following the expiration of his term, Engr. Tahir has handed over the affairs of the agency to the Executive Director, Corporate Services, Dr. Utsu ...
A fire outbreak on Monday at the Abule Egba pipeline corridor in Lagos caused panic among residents and commuters before emergency responders brought the situation under control. The incident occurred at the Katangowa axis of the pipeline corridor when foams stored at the facility caught fire, sending thick smoke and flames into the air and ...
President Bola Ahmed Tinubu has formally requested the Senate to confirm 21 nominees for the governing boards of the nation’s two primary petroleum regulators: the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In two separate letters addressed to the Senate on Monday, President Tinubu nominated Senator ...
...says it produced 50m litres daily Dangote Petroleum Refinery has rejected reports claiming that the facility is shutting down for maintenance, describing the allegations as false and misleading. In a statement released on Monday, the management emphasised that production remains ongoing, stable, and uninterrupted. "Dangote Petroleum Refinery continues to operate at scale and retains the ...
Global oil markets trended downward in early Monday trading, weighed down by a surplus of supply and persistent demand concerns. These economic factors are currently overshadowing significant geopolitical developments, including high-stakes friction within OPEC+ and the dramatic U.S. military intervention in Venezuela. Despite a brief attempted rally, prices faced resistance due to robust global inventories. ...
The year 2025 will go down in history as a definitive period of restructuring for Nigeria’s oil and gas industry. It was the year the long-anticipated shift from International Oil Companies (IOCs) to indigenous independents fully crystallized, with major divestments concluding and strategic partnerships forming to secure the nation’s energy future. While the previous year ...
The Pipeline Professionals Association of Nigeria (PLAN) has called for stronger policies, improved funding, skills development and deeper host community partnerships to safeguard and expand Nigeria’s pipeline infrastructure. The President of PLAN, Ms. Ngozi Adeleke, made the call in a communiqué issued on Friday in Abuja, following resolutions reached at the 9th Nigeria International Pipeline ...
The Centre for the Promotion of Private Enterprise (CPPE) has charged the newly appointed leadership of Nigeria’s petroleum regulatory agencies to urgently dismantle the barriers hindering domestic refining and aggressively drive crude oil production to a minimum of two million barrels per day (mbpd). In a statement released to set the tone for the industry’s ...
Heirs Energies Limited, one of Africa’s leading indigenous integrated energy companies, has acquired the entire 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom S.A., in a transaction valued at approximately US$500 million. The purchase, representing 120.4 million ordinary shares, was completed at a price of GBP 3.05 pence per share, ...
The Nigerian Content Development and Monitoring Board (NCDMB) has launched the 2025/2026 edition of the Nigerian Content Research, Innovation and Technology Challenge, aimed at driving homegrown technological solutions for Nigeria’s oil and gas industry and its linkage sectors. In a statement signed by the General Manager, Corporate Communications, Obinna Ezeobi, PhD, and dated December 30, ...
The Nigerian Electricity Regulatory Commission (NERC) has reminded electricity consumers of the correct procedures for reporting power supply issues, emphasising the importance of following structured channels for speedy resolution. In a post on its X handle on Monday, NERC advised customers to first contact the Customer Complaint Unit (CCU) of their Distribution Company. The CCU ...
Nigeria experienced a major electricity disruption on Monday afternoon after the national power grid collapsed, leaving most parts of the country in near-total darkness. Data released at 3:12 pm on December 29, 2025, showed that only two distribution companies were supplied with power. Ibadan Electricity Distribution Company received 30 megawatts, while Abuja Electricity Distribution Company ...
In a major drive to reward customer loyalty, NIPCO Plc has distributed a total of N16 million to motorists and gas users during a thrilling lucky draw ceremony held in Abuja. The event, which took place at the company’s Wuse II service station, saw elated winners walk away with cash prizes ranging from N100,000 to ...
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the 35 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, over their alleged failure to account for about ₦14 trillion realized from fuel subsidy savings. In a statement yesterday, SERAP joined in the suit, the Office of the Accountant-General of ...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bayo Ojulari, has assured Nigerians of robust energy security during and after the festive season, declaring that the country’s crude oil production has recorded a significant rebound to 1.8 million barrels per day. Ojulari gave the assurance yesterday (Saturday) during ...
The China Mining Federation of Nigeria has strongly dismissed allegations of Chinese infiltration and involvement in illegal activities within Nigeria’s solid minerals sector, describing the claims as baseless and misleading. The rebuttal was contained in a statement issued on Tuesday in Abuja, following the circulation of a report accusing Chinese operators of illegal mining, environmental ...
In a strategic move to bolster national security and ensure strict regulatory compliance in the petroleum sector, the Nigerian Content Development and Monitoring Board (NCDMB) has partnered with the Ministry of Interior (MOI) and the Nigeria Immigration Service (NIS) to inaugurate a tripartite committee. The new body is charged with the responsibility of enhancing operational ...
The Federal Government has reiterated its determination to ensure the timely completion of the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project, describing it as the backbone of Nigeria’s future economic prosperity and industrial resurgence. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, gave this assurance on Thursday during an inspection tour of "Kilometre ...
