Industry News

Nigeria’s solar boom: A market born out of necessity, not abundance
Nigeria’s rapidly expanding solar market is frequently celebrated as evidence of innovation and private-sector resilience. While that assessment is partly true, Read more…

NERC strengthens KERC capacity on customer complaint redress
The Nigerian Electricity Regulatory Commission, NERC, has conducted a capacity-building session for the Kogi State Electricity Regulatory Commission, Read more…

NUPRC targets $50bn offshore investment through 2030 projects
Nigeria’s upstream petroleum sector is projected to attract between $30 billion and $50 billion in offshore investments over the next five years, Read more…

NCDMB, Butane Energy commission 3rd LPG plant in Bauchi
The Nigerian Content Development & Monitoring Board, NCDMB, in partnership with Butane Energy Limited, has commissioned a Liquefied Petroleum Gas, Read more…

85 million Nigerians still lack reliable electricity despite renewable energy gains – REA
More than 85 million Nigerians, representing about 40 per cent of the country’s population, still do not have reliable access to electricity from the national grid, Read more…

Agents urge more CNG stations for green tax policy
The President of the Association of Nigerian Licensed Customs Agents (ANLCA), Mr. Emenike Nwokeoji, has warned that the Federal Government’s green tax policy may fail to achieve its objectives unless adequate Compressed Natural Gas (CNG) Read more…

Dangote is Europe’s largest jet fuel supplier
Dangote Petroleum Refinery & Petrochemicals has strengthened its position as a global supplier of premium aviation fuel after emerging as Europe’s largest jet fuel supplier Read more.. Read more…

Silent Refineries: Ojulari waking the sleeping giants
Between 2020 and 2025, Nigeria invested an astonishing ₦11.349 trillion, alongside $592.9 million, €4.88 million, and £3.46 million, Read more…

Fayose to be inaugurated REA chair today
Ahead of his inauguration as the Chairman of the Board of the Rural Electrification Agency (REA), former Ekiti State Governor Ayo Fayose has met with the Minister of Power, Joseph Tegbe. Read more…

Nigeria joins World Energy Council
Nigeria has joined the World Energy Council’s global network through a newly constituted National Member Committee and Governing Board, Read more…

Fuel subsidy gulped N1.16trn in 2021, says RMAFC
Nigeria spent N1.16 trillion on fuel subsidy in 2021, while another N1.20 trillion was deducted from crude oil sales proceeds, Read more…

Fire guts filling station in Abuja
Fire has engulfed the AYM Shafa filling station in the Area 3 district of the Federal Capital Territory. The fire, which broke out around 10 p.m. on Thursday, Read more…

Three states dominate Q1 derivation funds
Delta, Bayelsa and Akwa Ibom states received nearly three-quarters of the N321.90bn distributed to Nigeria’s oil-producing states under the 13 per cent derivation Read more…

Oando posts N32bn pre-tax loss as finance costs surge
Energy giant Oando PLC has reported a loss before tax of N32.84bn for the half-year ended 30 June 2026, as elevated interest payments and heavy debt servicing obligations Read more…

Coleman decries high gas prices amid $20m power investment
The Managing Director of Coleman Technical Industries Limited, George Onafowokan, has lamented the high cost of gas supplied to manufacturers despite the company’s investment of more than $20m in gas-powered electricity generation, Read more…

Gazelle refinancing frees crude, extends Nigeria’s repayment schedule
The National Economic Council’s decision to reduce the volume of crude oil committed to servicing the government’s $3.3bn Project Gazelle oil-backed financing arrangement could lengthen the repayment timeline Read more…

FG moves to ban fuel price-fixing, market collusion
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has proposed sweeping competition regulations that would prohibit petroleum companies from fixing fuel prices, Read more…

Aviation funding dispute deepens as Reps intervene
Fresh divisions have emerged within Nigeria’s aviation unions over the contentious proposal to alter the sharing formula of the five per cent Ticket Sales Charge, Read more…

AKK pipeline reaches Abuja as NNPC eyes inauguration
The Ajaokuta-Kaduna-Kano gas pipeline has reached Abuja, with the Nigerian National Petroleum Company Limited targeting phased commissioning of the major gas project later this year. Read more…

Varsities eye $500m solar funding amid worsening power crisis
Nigerian universities grappling with chronic power outages are set to benefit from a proposed $500m solar power investment. Read more…

UK Drivers Take To Fuel Theft amid War-Driven Price Surge
Drivers in the United Kingdom have started filling up their tanks without paying for the fuel as driving costs surge on the fuel supply crunch driven by the war in the Middle East. Read more…

Europe’s Electricity Prices Spike to €500 a Megawatt-Hour as Drought Bites
Intense summer heat waves are threatening energy security across Europe. The continent is facing a scorching and arid summer, Read more…

Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout
Southeast Asia is falling short of its ambitious projects to boost gas-fired power generation to meet growing electricity demand and replace some of the coal use. Read more…

Lower Oil Prices Lend Support For The Gold Rally
Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S. President Donald Trump announced on Monday Read more…