Latest in
By Firdaus Jibril The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has pledged the federal government’s support for the African Petroleum Regulators Forum (AFRIPERF). This is as the Minister harped on stronger policy alignment among regulators noting that it will help create a more predictable investment environment across the continent. Lokpobiri made ...
By Firdaus Jibril The Minister of Power, Joseph Tegbe has given reasons why Nigeria can no longer rely solely on large central power plants to meet the country’s growing electricity demand. Speaking at the 16th Electrical and Electronics Engineering Distinguished Lecture organised by the Nigerian Institute of Electrical and Electronic Engineers, Tegbe streased the need ...
The Special Adviser to the President on Power Infrastructure (Office of the Vice President), Sadiq Wanka, has clarified comments regarding electricity tariffs that he stated were misrepresented in several media reports. Wanka, in a statement posted on his X handle on Saturday, insisted that there is no planned tariff hike for any grid consumer across ...
...as NCC, REA ink MoU By Firdaus Jibril In a major push to drastically cut operational costs and reduce reliance on expensive diesel generators, telecom base stations across Nigeria are set to transition to renewable energy following a strategic partnership between the Nigerian Communications Commission (NCC) and the Rural Electrification Agency (REA). The move was ...
By Firdaus Jibril Nigeria’s electricity sector will continue to struggle financially unless the country’s metering gap is addressed, Minister of Power Joseph Tegbe has said. Speaking at the launch of the Power Force Programme under the Presidential Metering Initiative in Abuja, the minister said failure to meter millions of electricity consumers has made it difficult ...
The REA MD, Dr Abba Aliyu with the delegation from the Zanzibar Utilities Regulatory Authority (ZURA).
By Firdaus Jibril The Nigerian National Petroleum Company (NNPC) Limited has commenced discussions with global financial institution JPMorgan Chase & Co. on potential financing opportunities for upstream, gas, and infrastructure projects. NNPC disclosed this in a post on its official X handle on Wednesday, stating that its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, ...
The Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu, has disclosed that Nigeria's renewable energy funding portfolio has hit $1.23bn. Aliyu made the disclosure while hosting a bilateral benchmarking delegation from the Zanzibar Utilities Regulatory Authority (ZURA) in Abuja on Thursday. On Nigeria's portfolio, he noted that it is sustained through a ...
Dangote Petroleum Refinery and Petrochemicals FZE has officially announced the successful completion of a landmark private equity placement, raising approximately US$2.5 billion in new equity. The transaction saw intense demand from global and regional financial markets, achieving a 3.7 times subscription relative to the initial offer size. The deal stands as Africa's largest publicly disclosed ...
The Nigerian Content Development and Monitoring Board (NCDMB) will on Monday, July 27, 2026, officially launch the Nigerian Content Trainers' Registration Certificate (NCTRC), marking a significant milestone in the Board's efforts to strengthen quality assurance and standardisation in human capacity development across Nigeria's oil and gas industry. The platform will be live on the Nigerian Oil and Gas Industry Content Joint ...
In a renewed effort to safeguard critical power assets and bolster energy security, the Federal Government has announced plans to establish a specialized joint taskforce dedicated to protecting power infrastructure across the country. The decision followed a meeting on Tuesday between the Minister of Power, Engr. Joseph Tegbe, and the Inspector-General of Police, IGP Tunji ...
By Babs Omotowa Bloomberg recently reported that the Federal Government has agreed to an $11.5-per-barrel tax incentive to enable Shell's $20 billion Bonga South West project to finally proceed. Some commentators have described the tax incentive as "unusually generous" — reportedly double the standard fiscal terms for deepwater projects in Nigeria. They argue that a ...
...as Frontier Basins record historic investor interest Following a keenly contested bidding process, 31 companies have emerged as winners of 37 oil and gas blocks in the 2025 Licensing Round. A total of 143 companies submitted 200 bids for 37 out of the 50 oil and gas blocks originally put on offer. The assets spanned ...
...confirms settlement of 22% of debts owed to GenCos By Precious Mark The Federal Government has launched the issuance of a N729 billion Series II bond under the Presidential Power Sector Financial Reforms Programme (PPSFRP) to resolve legacy debts and restore liquidity to the power sector. Speaking on Tuesday in Abuja at the PPSFRP Series ...
The Rural Electrification Agency (REA) has officially performed the groundbreaking for a 1.5MW Interconnected Mini-Grid project in Pankshin, Plateau State. This groundbreaking ceremony follows the recent commissioned 50kW Access to Markets and Agriculture (AMP) Solar Mini-Grid in Namu Community in the state and series of groundbreaking event held recently in Kogi (20MW), Kebbi (3.5MW), Adamawa ...
…as President names 24 others to head various federal agencies, commissions By Precious Mark President Bola Ahmed Tinubu has appointed former Ekiti State Governor, Ayo Fayose, as the new Chairman of the Rural Electrification Agency (REA), and named Major General Junaid Bindawa to head the National Salaries, Incomes and Wages Commission. The appointments are part ...
The Electricity Consumers Protection Advocacy Centre (ECPAC) has called on the Federal Government to include consumer representatives in the committee inaugurated to decentralise the electricity market. It will be recalled that the Minister of Power, Mr Joseph Tegbe, recently inaugurated a nine-member inter-agency committee to address issues surrounding the decentralisation of the electricity market. The ...
The Emir of Kano, Muhammadu Sanusi II, on Friday said Nigeria’s inability to provide reliable, affordable and sustainable energy remained the country’s greatest obstacle to industrialisation, economic growth and national development. Sanusi stated this while delivering the keynote address at the birthday symposium of former Minister of Power and Chairman of Geometric Power Group, Prof. ...
The International Renewable Energy Agency (IRENA) has reported that Africa’s installed renewable energy capacity reached 82,397 megawatts (MW) in 2025, up from 71,111 MW a year earlier. The data was captured in the agency's Renewable Energy Statistics 2026 report.This increase represents an annual growth rate of nearly 16 percent, although Africa continues to make only a limited ...
The Senate Committee on Power has agreed to defer the ongoing legislative process of amending the Electricity Act 2023. The decision aims to give room for wider consultation and consensus-building among key actors across the electricity value chain, following a high-level stakeholder engagement convened by the Minister of Power, Joseph Tegbe, on Tuesday. The suspension ...
...as REA inks seven MoUs to bridge energy access gap Stakeholders have emphasized the importance of improved electricity access in driving productivity and achieving economic prosperity. This call was made at the National Stakeholders Engagement Workshop hosted by the Rural Electrification Agency (REA) in Abuja today. During the event hosted by the REA in collaboration ...
By Precious Mark The Minister of Power, Chief Joseph Olasunkanmi Tegbe, has declared that the success of Nigeria's power sector must no longer be measured by the volume of megawatts generated or cables laid, but strictly by how effectively electricity is used to drive economic productivity, rural enterprise, and agricultural preservation. This information was made ...
Shell Companies in Nigeria have disclosed that it awarded contracts worth $518 million to indigenous companies. This is as the company also disclosed that 123 indigenous companies were engaged across the value chain of Shell businesses in Nigeria in the same period. Commenting, the Vice President Commercial Rohan D'Souza said, “The payments show a strong support for Nigerian service providers in our operations." “We see the development of Nigeria companies ...
