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…As tariff reforms drive historic growth By Seun Ibiyemi The Minister of Power, Mr Adebayo Adelabu, has revealed that Nigeria’s power sector recorded an additional N700 billion in revenue in 2024, marking a striking 70 per cent increase compared to 2023. Speaking on Thursday at the 6th Edition of the 2025 Ministerial Press Briefing Series ...
Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday offered strong backing for the vision and long-term plans of Renaissance Africa Energy Company Limited, a consortium that completed the acquisition of Shell Petroleum Development Company’s (SPDC) onshore oil assets in March 2025. While addressing a high-level delegation ...
…Former MD honoured as ‘Amazon of Nigeria’s Oil Sector’ Shell Nigeria Exploration and Production Company (SNEPCo) has been recognised as the Major Oil Company of the Year 2024 by Energy Times, a leading publication covering the energy sector. The accolade was awarded in recognition of SNEPCo’s sustained contribution to the growth of deep-water oil and ...
The Federal Government says it plans to pay Power Generation Companies (GenCos) two trillion Naira out of the four trillion Naira debt owed them before the end of 2025. The Minister of Power, Mr Adebayo Adelabu said this on Thursday in Abuja at the 6th Edition of the 2025 Ministerial Press Briefing Series. Adelabu was ...
The Eko Electricity Distribution Company (EKEDC) has informed customers of a planned 10-hour suspension of its prepaid payment services scheduled for Tuesday, 22 April 2025. In a statement released on Thursday in Lagos, the company’s General Manager of Corporate Communications, Mr Babatunde Lasaki, confirmed that the temporary interruption would occur between 2:00 p.m. and 11:59 ...
...Kaduna Refinery hits 81% completion By Seun Ibiyemi With global crude oil prices continuing their sharp downward trend, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has raised serious concerns about the broader economic implications for Nigeria, a country still heavily reliant on petroleum revenues. Speaking during ...
The Rural Electrification Agency (REA) has unveiled plans to develop Nigeria’s first floating solar photovoltaic (PV) plant—an 8MW facility—set to provide electricity to Lagos State University (LASU). This landmark project is part of a broader collaboration between the agency and the Lagos State Government to accelerate access to clean energy, particularly for public institutions across ...
By Seun Ibiyemi The Federal Government has disclosed that plans are underway to address the N4 trillion debt owed to electricity generation companies (GenCos) for power already supplied to the national grid. This was confirmed by the Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Bola Tunji, during an ...
Africa’s consumption of natural gas continued its upward trajectory in 2024, reaching 183 billion cubic metres (bcm), according to the Gas Exporting Countries Forum (GECF). This represents a three per cent year-on-year increase, driven largely by expanding industrial activity and rising energy needs across the continent. The figures were disclosed in the GECF’s 2025 Annual ...
The Yola Electricity Distribution Company (YEDC) has announced that it is expecting the delivery of 6,000 prepaid metres by the end of April, with distribution plans already underway. This update was shared by the company’s Regional Manager for the Jalingo office, Alhaji Aminu Aliyu, during a customer sensitisation forum organised jointly by YEDC and the ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria has significantly reduced its importation of Premium Motor Spirit (PMS). The Chief Executive Officer, NMDPRA, Farouk Ahmed, said this during the Meet-the-Press briefing series organised by the Presidential Communications Team (PTC) at the State House in Abuja on Tuesday. Ahmed said the county’s PMS ...
Gov. Babajide Sanwo-Olu of Lagos has reaffirmed his administration’s commitment to renewable energy, especially in electricity, to stimulate economic activities across the state. He made this known on Monday at the Roundtable Meeting on Rural Electrification and Sustainable Energy Development, held at the Oriental Hotel, Victoria Island. The event was organised by the Lagos State ...
Seplat Energy Plc has announced a major achievement in its efforts to contribute to Nigeria’s gas development, revealing that it has installed over 850 million standard cubic feet per day (MMscfd) of gas infrastructure across the country to address domestic supply demands. The company’s Chief Operating Officer, Mr. Samson Ezugworie, made the disclosure during a ...
The Federal Government has officially launched the first phase of the 400kW Solar Photovoltaic (PV) Power Plant at the Yobe State University Teaching Hospital in Damaturu, marking a significant step towards enhancing healthcare services and promoting renewable energy in Nigeria. Chief Adebayo Adelabu, the Minister of Power, said the initiative aims to boost healthcare delivery ...
Engr. Jennifer Adighije, the Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company (NDPHC), has been named Young Achiever of the Year at the 2025 Energy Times Awards for her outstanding contribution to the goal of generating 6,000 megawatts of power. The award was presented at a dinner event in Lagos ...
Shell Nigeria Exploration and Production Company Ltd (SNEPCo), a major sponsor of the Oloibiri Lecture Series and Energy Forum (OLEF), has praised the annual event as a valuable driver of transformation in Nigeria’s energy industry. The company described the forum as a crucial space for advancing conversations around operational efficiency, cost control, and streamlining processes ...
The Nigerian Gas Association (NGA) has revealed that the country’s gas sector has secured over five billion dollars in new investments as of 2024. This was disclosed by the NGA President, Mr Akachukwu Nwokedi, during a press briefing over the weekend in Lagos, ahead of the 29th World Gas Conference (WGC 2025), which is set ...
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 conference is set to attract a distinguished lineup of policymakers, industry leaders, regulators, and energy ...
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 revealed that the Association will host a Nigeria Pavilion at the prestigious triennial event, organized ...
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 announcement, in which it upgraded Nigeria’s long-term foreign-currency Issuer Default Rating (IDR) from ‘B-’ to ...
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 a substantial 210.54 trillion cubic feet (tcf), marking a slight increase from the previous year. ...
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 Nigeria, Gautier Mignot, to his office in Abuja. According to a statement from the Minister’s ...
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 in a press release titled “The Declaration of Annual National Petroleum Reserves Position as of ...
