The Nigerian National Petroleum Company Limited (NNPCL) has warned the public against panic buying of the premium motor spirit (PMS), also known as petrol, stating that...
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03%, from N1,463.3/$ to...
Global oil giant, Shell Plc, has opted to sell off its majority stake in a South African downstream subsidiary following an extensive evaluation of its operations...
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the approval of 8.1% electricity tarif rate cut for customers under Band A category for all power distribution...
The Ikeja Electricity Distribution Company (IE) announced that it has incorporated 19 new Band A feeders into its network following the recent decrease in electricity rates...
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh. In a circular signed...
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh. In a circular signed...
The Federal Government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to...
The Nigerian Electricity Regulatory Commission (NERC), acting under the provisions of the Nigeria Electricity Act, has ordered the establishment of an Independent System Operator (ISO) to...
The Nigeria Atomic Energy Commission (NAEC) has said it is working in collaboration with the Centre for Energy Research and Training (CERT), Ahmadu Bello University (ABU),...
President Bola Tinubu is set to inaugurate three vital gas infrastructure projects carried out by the Nigerian National Petroleum Company Limited (NNPCL) and its partners. This...
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil...
The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement worth over $100 million to develop a gas supply and distribution infrastructure that...
The Federal Government has announced the addition of 625MW of power into the national grid, elevating its wheeling capacity to 4800MW through the inauguration of two...
The Nigerian Upstream Petroleum Regulatory (NUPRC) has asked the Federal High Court, Abuja to dismiss the suit filed by an oil and gas firm named NJ...
The Federal Government may approve ExxonMobil’s asset sale to Seplat in less than two weeks if parties agree to two mutually exclusive options relating to decommissioning...
A oil and gas firm named NJ Exploration Limited has asked the Federal High Court, Abuja, to award the cost of N100 million against the Nigerian...
The Minister of Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will cease to issue licenses to gas companies that lack the capability to...
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $85 a barrel, a dollar higher than the active Brent contract. However, this increase hasn’t...
The Transmission Company of Nigeria (TCN) has stated that, contrary to popular opinion, the occurrence of national grid collapses has decreased significantly by 76.47% in the...
The Nigerian Content Development and Monitoring Board (NCDMB) has announced that it has received an interim dividend of N450 million from the N1.5 billion declared by...
The Nigerian National Petroleum Company (NNPC) Limited has informed the public that the current fuel shortages and the accompanying queues will be resolved by Wednesday. Olufemi...
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has established a divestment framework to oversee the evaluation of applications for ministerial consent regarding the Shell Petroleum Development...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the initiation of a new bid round for marginal oil fields in Nigeria in 2024. This round...
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers. This is contained...
An oil and gas expert says the current petrol pricing does not reflect market realities, noting that this is the major cause of the current fuel...
The revenue collection efficiency of 11 electricity distribution companies (Discos) reached 85.82% in February 2024, according to a report by the Nigeria Electricity Regulatory Commission (NERC)....
The Abuja Electricity Distribution Company (AEDC) has clarified the ongoing power outage affecting parts of Abuja, attributing it to technical faults on several feeders in the...
Oil marketers have blamed the fresh scarcity of Premium Motor Spirit (PMS) otherwise known as petrol, which is currently being experienced in some parts of the...
Fuel scarcity continues to worsen in Lagos, Ogun State, Abuja, and some other parts of the country despite claims by the Nigeria National Petroleum Corporation (NNPC)...
The Presidential Compressed Natural Gas Initiative (P-CNGi) has announced plans to provide certain incentives, subsidies and instalment payments for CNG vehicles across the country from May...
A Professor of Energy and Electricity Law, at the University of Lagos (UNILAG), Prof. Yemi Oke has said that the amended electricity act signed into law...
Mr. Olabode Sowunmi, CEO of Cabtree Limited and Chairman of the Hydrogen and New Energy Committee of the Nigerian Gas Association, has issued an appeal to...
When the new tariff hike was announced by the Nigerian Electricity Regulatory Commission (NERC) on April 3rd, it was met with harsh resistance but most importantly confusion...
Mr. Olabode Sowunmi, CEO of Cabtree Limited and Chairman of the Hydrogen and New Energy Committee of the Nigerian Gas Association, has announced the need for...
There are critical success factors in implementing an efficient transmission of power in Nigeria, which include decentralizing the power sector and improving the grid system. These...
Nigeria needs to take actions to maximize gains from the gas sector, such as aligning the energy mix with the country’s competitive advantage, withdrawing subsidies, and...
Chinese energy giant PetroChina has been waiting to offload a shipment of U.S. crude oil at Dangote refinery for almost a month due to issues with...
Financial analysts have warned that the recently increased electricity tariff may drive up inflation in the country and inflict more misery on the poor. Nigeria’s inflation...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the recent scarcity of fuel in some regions of the country to logistical problems impacting the...
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery. The...
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Ondo state to the state’s electricity regulatory bureau. This was disclosed...
After releasing the FY 2022 financial statements, Oando Plc has issued a press statement to address its net loss of N81.2 billion incurred in 2022, citing...
The Federal Government has commenced the unbundling process for the 11 electricity distribution companies (DisCos) along state lines for better efficiency. This was made known by...
The Dangote refinery has announced a further reduction in the price of diesel from the N1000/litre reported earlier to N940/litre for customers buying 5million litres and...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have resumed production...
The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMPDRA) has fixed the price of Compressed Natural Gas (CNG) at $1.57MMBtu. This figure is lower than the...
The Transmission Company of Nigeria (TCN) has referenced a statement by Adebayo Adelabu, Minister of Power, that Right-of-Way (RoW) problems are hindering the progress and completion...
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred the oversight of Ekiti State’s electricity market to the Ekiti State Electricity Regulatory Bureau (EERB). Set to...
The Nigerian Electricity Regulatory Commission (NERC) has ceded the regulatory oversight of the Enugu electricity market to the Enugu Electricity Regulatory Commission (EERC), which is owned...
Nigeria is opening a new chapter in advancing and exploring nuclear energy space as the NuclearSAFE Technology co-founder, Dr. Jimmy Etti-Williams has developed the method which...