Industry News

Industry News2026-06-05T18:44:04+01:00

Our industry news page curates and displays headlines along with brief descriptions of the latest developments in the oil, gas, and energy industry in Nigeria. The content is sourced from various media outlets across the country, offering a comprehensive overview of the sector’s current events and trends.

June 05, 2026

Sahara Group Advances Energy Access in Africa with $50,000 Asharami M.A.D Equation
Sahara Group has announced the Asharami M.A.D Equation, a $50,000 innovation programme designed to advance Africa’s energy transition by turning research into scalable solutions that expand energy access, Read more… Read more…

NERC Directs Discos to Compensate Band A Customers Over Power Shortfalls Linked to Gas Supply, Infrastructure Vandalism
The Nigerian Electricity Regulatory Commission (NERC) has directed electricity Distribution Companies (Discos) to compensate eligible Band A customers affected by reduced power supply between February and March 2026, Read more… Read more…

Dangote Refinery Boosts Output to 700,000 Barrels Per Day, Emerging as Africa’s Key Energy Security Hub
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), exceeding its original nameplate capacity of 650,000 bpd and reinforcing its position as the world’s largest single-train petroleum refinery. Read more… Read more…

Nigeria opens 2026 oil block auction as investor interest surges
Nigeria will launch its 2026 oil and gas licensing round by the third quarter of the year, as the Federal Government seeks to sustain rising investor confidence and attract fresh capital into the upstream petroleum sector. Read more… Read more…

Nigerians can now earn from solar energy
Nigerians with solar power systems can now generate additional value from their investments following the introduction of the Nigerian Electricity Regulatory Commission’s (NERC) Net Billing Regulations 2026, Read more…

Baker Hughes’ fuel flexible NovaLT™16 Gas Turbine certified for marine propulsion
RINA, the inspection, certification and consulting engineering multinational and Baker Hughes, an energy technology company, Read more…

Oil price falls in U.S., Iran war peace talks
Crude oil prices fell below $95 per barrel yesterday following renewed optimism surrounding diplomatic peace negotiations between the U.S. and Iran. Read more… Read more…

Oyetola advocates greener, safer ports
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, yesterday called for the adoption of greener and safer port operations across Nigeria Read more…

Kore Solar bags award for ‘outstanding solar energy solutions firm’ in Nigeria
A solar energy solution firm, Kore Solar has bagged the award for ‘outstanding solar energy solutions firm’ in Nigeria following its immense contribution to affordable energy solutions. Read more…

Edo boosts power sector with mini-grid, plant project
Edo State Government has reinforced its commitment to expanding electricity access and driving economic growth with the issuance of a 3MW mini-grid generation licence to Halimatu Hospital Ltd. Read more…

Power sector reform: States chart path to sustainable markets, restore confidence
State governments, regulators, development partners, and power sector operators have intensified discussions on electricity pricing reforms and sub-national regulation as part of efforts to build sustainable electricity markets Read more…

ALDG Business Forum 2026: Minister Ekpo Urges Shift from Gas Abundance to Gas Access in Nigeria
The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has called for decisive action to unlock Nigeria’s vast natural gas resources into accessible energy solutions that drive industrialization, Read more…

Beyond Oil: How Chevron Nigeria is protecting the planet this World Environment Day
June 5 is observed globally as World Environment Day, an occasion that highlights the importance of environmental awareness and responsible action. Read more…

Former Power Minister, Barth Nnaji emerges special guest at SUPERNEWS confab July 7
Chairman, Geometric Power Limited and former Nigerian Minister of Power, Professor Barth Nnaji will be a Special Guest of Honour at the forthcoming SUPERNEWS Conference and 10th Anniversary scheduled for July 7, 2026. Read more…

Rivers school tops 2026 NLNG science contest
Government Comprehensive Secondary School, Borikiri, Port Harcourt, Rivers State, has emerged as the overall winner of the 2026 Nigeria LNG Science Competition, outperforming six other schools in the keenly contested event. Read more…

NRC plans fare hike amid fuel price surge
The Nigerian Railway Corporation is considering an upward review of passenger and freight tariffs as mounting operational costs continue to pressure its finances, Read more…

Africa needs support for green shipping transition – NIMASA
As global leaders prepare to converge on Mombasa, Kenya, for the 11th Our Ocean Conference scheduled for June 16 to June 18, the Nigerian Maritime Administration and Safety Agency says stronger collaboration, Read more…

Industries can rebound with naira-for-crude, tax reforms — MAN
The Manufacturers Association of Nigeria has said that recent government interventions, including the Naira-for-Crude initiative, the Nigeria Industrial Policy, Read more…

Firm secures $215m to expand EV infrastructure across Africa
African electric mobility company Spiro has raised $215m in equity funding to expand its electric vehicle and battery-swapping infrastructure across Africa, Read more…

FG Mulls Refinancing of High-cost Debts Amid Soaring Oil Prices
Nigeria is considering refinancing some of its expensive debt obligations and raising fresh funding to bridge its budget deficit, buoyed by improved investor confidence and elevated crude oil prices triggered by tensions in the Middle East. Read more…

State Electricity Regulators Warn 2026 Amendment Bill Will Disrupt Sector Decentralisation, Undo $1bn Capital Investment
Sixteen State Electricity Regulatory Commissions (SERCs) have raised strong objections to the proposed Electricity Act Amendment Bill 2026, warning that the legislation seeks to reverse the devolution of powers to states. Read more…

NUPRC Urges Financial Institutions to Support Funding for Gas Sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on financial institutions to support operators in expanding domestic gas production, emphasising the importance of collaboration among regulators, Read more…

Brazil Launches World-First Ethanol-Powered Grid Engine
Brazil is undertaking a major biofuels experiment that could be majorly disruptive for the global energy landscape if it proves effective. Read more…

Why America’s Gas Power Boom Could End in Disaster
There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA)  projects that domestic gas demand will rise 6% next year as some of those new plants enter commercial operation. Read more…

Go to Top