Nigeria Imports N5.7tn Crude Despite Massive Output, Exposing Supply Crisis
Despite being Africa’s largest crude oil producer, Nigeria imported crude oil worth a staggering N5.734 trillion in 2025, highlighting a ...
Read more
Tag: #EnergyCrisis
Petrol Price May Rise to ₦1,500 Per Litre Amid Global Tensions — Marketers
Oil marketers have warned Nigerians to brace for a possible increase in the price of Premium Motor Spirit (PMS), commonly ...
Read more
DisCos Generate N2.33tn Revenue in 2025 Despite Power Supply Complaints
Electricity distribution companies in Nigeria generated a combined revenue of about N2.33tn in 2025, despite persistent consumer complaints over poor ...
Read more
APGC Blames Stagnant 4,000MW Output on Weak Risk Protection
The Association of Power Generation Companies has attributed Nigeria’s stagnant electricity generation, which has averaged about 4,000 megawatts for years, ...
Read more
National Power Grid Collapses Again, Second Time in Four Days
Nigeria’s national power grid collapsed again on Tuesday, marking the second system failure in four days and the third in ...
Read more
Nigeria’s National Grid Collapses, Triggers Widespread Blackouts
Nigeria’s national electricity grid collapsed completely on Friday, plunging parts of the country into darkness in the first total grid ...
Read more
Fresh Cooking Gas Scarcity Looms as LPG Supply Tightens Nationwide
Nigerians may be facing another wave of cooking gas scarcity as retailers raise alarm over dwindling supplies of Liquefied Petroleum ...
Read more
Over Half of Nigeria’s Power Capacity Idle in July, Says NERC
Nigeria’s electricity sector continued to underperform in July 2025, with almost 60 per cent of installed generation capacity sitting idle, ...
Read more
Nigerians Owe N70.25bn in Electricity Bills for May 2025 — NERC
Electricity consumers across Nigeria failed to pay a total of ₦70.25 billion in May 2025, according to the latest Commercial ...
Read more
Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.