Energy
TCN Warns Vandalism Threatens Nigeria’s Power Supply Stability
The Transmission Company of Nigeria (TCN) has raised serious concerns over the persistent vandalism of its infrastructure, warning that the...
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Oil Prices Edge Lower on Tariff Worries, OPEC+ Output Hike
Oil prices retreated on Tuesday, easing after nearly 2% gains in the previous session, as markets responded to fresh U.S....
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NUPRC Generates ₦28.11bn from Oil Licence Fees in First Five Months of 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to...
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Oil Prices Dip as OPEC+ Output Hike and Tariff Worries Cloud Demand Outlook
Oil prices slipped on Monday after OPEC+ announced a larger-than-expected output hike for August, raising concerns about oversupply in the...
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FG Spends N536.4bn on Electricity Subsidies in Q1 2025 Amid N4tn GenCo Debt
The Federal Government incurred a staggering ₦536.4 billion in electricity subsidy obligations in the first quarter of 2025, reflecting a...
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Oil Prices Slip as Iran Reaffirms Nuclear Commitments Ahead of Fresh Talks
Oil futures declined on Friday amid signs of easing tensions between the U.S. and Iran, and expectations that top oil...
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AMCON Confirms Sale of Ibadan Electricity DisCo for N100 Billion
The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC) for ₦100...
Read moreOil Firms Resisted Supplying Crude to Local Refineries in 2024 — NUPRC
The Nigerian government’s bid to enforce the Domestic Crude Supply Obligation (DCSO) faced stiff resistance in 2024, as several upstream...
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FG Sets July 23–24 for National Forum on Petrol Pricing, Supply Stability
The Federal Government has announced July 23 and 24, 2025, as the dates for a national stakeholder forum aimed at...
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Nigeria Records Zero Grid Collapses in Q1 2025 — NERC Report
In a rare and positive development for Nigeria’s power sector, the national electricity grid recorded no system collapse or disturbance...
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