Energy
FG Plans to Offset ₦2.7tn Gas Debt Using Royalty Credits
The Federal Government has unveiled plans to clear ₦2.7 trillion owed to gas companies by offsetting the debt with royalty...
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NUPRC Completes Review of Marginal Oil Field Licences, Awaits Minister’s Approval
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded a case-by-case review of marginal oil field licences due for renewal,...
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NNPCL Posts N185bn Profit in July, Remits N7.9tr to Federation Account
The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦185 billion for July 2025, marking...
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Nigeria Produces 1.37 Trillion scf of Gas in H1 2025, Flares 7.4%
Nigeria produced about 1.37 trillion standard cubic feet (scf) of natural gas between January and June 2025, according to new...
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Delta, REA Sign MoU to Provide Off-Grid Power for 471 Communities
The Delta State Government has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) for the deployment...
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DisCos Owe FG Over N2.7 Trillion in Unpaid Electricity Bills – NBET
The Nigerian Bulk Electricity Trading Company (NBET) Plc has revealed that 11 Electricity Distribution Companies (DisCos) owe the Federal Government...
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Nigeria’s 3.5bn Barrels of Undeveloped Oil Valued at N341tn – NUPRC
Over 3.5 billion barrels of oil and condensate reserves are currently locked in undeveloped fields across Nigeria’s basins, according to...
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UNDP, REA Partner to Drive Nigeria’s Clean Energy Transition
The United Nations Development Programme (UNDP) and the Rural Electrification Agency (REA) have formalised a landmark partnership to accelerate Nigeria’s...
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Nigeria Sustains Oil Output Above OPEC Quota for Second Month
Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July, according to the latest...
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Dangote Refinery’s CNG Truck Fuel Distribution Delayed Over Logistics in China
The planned fuel distribution by the Dangote Petroleum Refinery using 4,000 Compressed Natural Gas (CNG)-powered trucks has been delayed due...
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