Energy
NUPRC Unveils Tech-Driven Reforms to Boost Oil Production, Attract Investors
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has unveiled a sweeping reform agenda aimed...
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Power Generation Rises Above 4,300MW as Gas Supply Improves — Adelabu
Nigeria’s Minister of Power, Adebayo Adelabu, has said electricity generation improved between March 28 and April 10, 2026, following increased...
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World Bank Clarifies Position on Petrol Imports Amid Nigeria Policy Backlash
The World Bank Group has clarified its stance on fuel imports in Nigeria following criticism over recommendations contained in its...
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Oil Prices Edge Higher Amid Saudi Supply Concerns and Strait of Hormuz Disruptions
Global oil prices rose on Friday as fresh concerns over supply disruptions in the Saudi Arabia and continued restrictions in...
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Nigeria’s Power Plants Operate at Just 30% Capacity as 70% of Generation Assets Sit Idle
The upstream segment of Nigerian Electricity Supply Industry (NESI) recorded severe underperformance in March 2026, with only 30 per cent...
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FG Inaugurates Committee to Review $200bn Gas, Power, High-Speed Rail Project
The Federal Government of Nigeria has inaugurated a technical committee to review a proposed $200 billion integrated infrastructure project submitted...
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NUPRC Reforms Unlock Over $10bn in Upstream Oil and Gas Investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says recent reforms in Nigeria’s oil and gas sector have unlocked more than...
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Oil Prices Rise as Uncertainty Over Middle East Ceasefire Persists
Oil prices climbed on Thursday as uncertainty surrounding a fragile two-week ceasefire in the Middle East raised fresh concerns about...
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DisCos Record N63.46bn Revenue Shortfall as Recovery Efficiency Drops in January 2026
Nigeria’s electricity distribution companies (DisCos) recorded a revenue shortfall of N63.46 billion in January 2026 as recovery efficiency declined to...
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Imported Petrol Cheaper Than Dangote Refinery Supply — World Bank
The World Bank has disclosed that imported Premium Motor Spirit (PMS), also known as petrol, is currently cheaper than fuel...
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