Industry News

NBBF presidency: Northern youths endorse ECN DG
Following the official declaration of the Director General and Chief Executive Officer of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi to vie for the position of President of the Nigeria Basketball Federation, Read more…

Dangote plans $10bn investment to tackle power crisis
Africa’s richest man, Aliko Dangote, has said his conglomerate plans to invest over $10bn in the power sector to address the electricity crisis in Nigeria and drive industrialization. Read more…

FG unveils $300m fund for off-grid power
The Federal Government, through the Nigeria Sovereign Investment Authority, and its development partners have commercially launched a $300m investment fund aimed at expanding off-grid electricity Read more…

Oil theft decline boosts Nigeria’s crude production
Oil losses to theft and sabotage have fallen sharply in recent years, while Nigeria’s crude production has recovered to the quota approved for the country by the Organisation of Petroleum Exporting Countries, Read more…

Dangote refinery gains edge as fuel import costs rise
Oil marketers are lifting more petroleum products from the Dangote Petroleum Refinery as the estimated cost of importing petrol and diesel into Nigeria rises above the refinery’s selling prices, Read more…

FG prioritizes power reforms, rules out tariff hike
The Federal Government has said the electricity sector is constrained across the entire value chain, with the challenges affecting power supply and increasing the burden on Nigerians. Read more…

Kenya to break ground on Dangote refinery – Ruto
Kenyan President William Ruto has said the country is ready to break ground on the proposed East Africa Refinery in Lamu, a project being developed with Nigerian industrialist Aliko Dangote. Read more…

Civil servants demand wage increase, immediate reduction in fuel price
Civil servants under the Joint National Public Service Negotiating Council, JNPSNC, Trade Union Side, have written to President Bola Tinubu, Read more…

Subsidy removal frees N15.8tn for federation, says Lokpobiri
The removal of petrol subsidy mobilized an estimated N15.8 trillion for the Federation between June 2023 and December 2025, Read more…

Ogoni crisis deepens as oil resumption talks face fresh protests
Uncertainty over the future of oil operations in Ogoniland, Rivers State, is deepening as fresh protests and disagreements over representation threaten to complicate the dialogue between the Federal Government Read more…

Idle refineries deepen Nigeria’s fuel price, jobs crisis – Expert
The prolonged idleness of Nigeria’s government-owned refineries is worsening pressure on petroleum prices, jobs and businesses across the downstream value chain, Read more…

Buguma fuel now cheaper than Port Harcourt, Princewill says
Former Rivers State governorship candidate, Prince Tonye Princewill, has highlighted a reversal in fuel-price disparity between an oil-producing community Read more…

Okonjo-Iweala: Niger Delta must break from oil-rent economy
The Niger Delta must move beyond dependence on  oil rents and build a productive regional economy anchored on Special Economic Zones, infrastructure and investment, Read more…

Space-based solar power could reach US grid by 2028
A US startup, Overview  Energy, says it could begin beaming solar-generated electricity from space to the power grid as early as January 2028, Read more…

Tinubu sets October 1 target for nationwide CNG fare cuts
President Bola Tinubu has directed Nigeria’s 36 states to accelerate the deployment of compressed natural gas, CNG, and electric-powered transport, Read more…

Tinubu’s gas-flare policies drive Dutch firm’s multi-million-dollar Rivers energy project
The federal government’s efforts to end gas flaring and convert wasted gas into economic value are facilitating the implementation of a multi-million-dollar flare gas-to-energy project Read more…

External reserves on track to $55b on renewed rebound
Nigeria external reserves are set to hit $55 billion market in renewed rally linked to increased earnings from crude oil export. Read more…

Moniepoint MfB, TeamApt expand retail access to Dangote Refinery IPO
Moniepoint Microfinance Bank and TeamApt Ltd have collaborated to expand retail access to the Initial Public Offering (IPO) of Dangote Petroleum Refinery. Read more…

IPO our commitment to economic transformation, says Aliko Dangote
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has reaffirmed the Dangote Group’s unwavering commitment to Africa’s industrial transformation, wealth creation, Read more…

Dangote Refinery IPO Tests the Investment Case for Nigeria’s Refining Economy
The Dangote Refinery IPO is turning Nigeria’s refining boom into a capital-markets proposition, giving investors a direct stake in the performance of a strategic industrial asset Read more…

The World Is Scrambling for Gas. Nigeria Still Cannot Unlock Its Own
The global gas market is sending Nigeria a message it can no longer afford to ignore: scarcity creates value, but reserves create nothing until someone can get them to market. Read more…

Heirs Energies’ Igiehon Calls for Energy Sufficiency as Africa Faces Rising Power Demand
Heirs Energies Chief Executive Officer, Osayande Igiehon, has called for a practical shift in Africa’s energy strategy from managing energy scarcity to building energy sufficiency, Read more…

FG Rules Out Electricity Tariff Increase, Says Focus Is on Improving Power Supply
The Federal Government has ruled out any immediate increase in electricity tariffs, dismissing reports of an impending upward review Read more…