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Energy
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Global oil costs jump more than 6% following recent slide
Global oil prices rallied over 6 percent on Wednesday, driven by Middle East tensions, while Nigerian petrol prices hit record highs.
Public Outcry: Nigerians Challenge Potential Electricity Tariff Hikes Amid Persistent Power Failures
Nigerians are pushing back against potential electricity tariff increases, citing the government’s failure to improve power supply or address systemic sector inefficiencies.
Nigeria Wastes 62,400GWh of Power as Gas Flaring Surges by 18.6 Percent
Nigeria recorded a 18.6 percent increase in gas flaring between 2024 and 2025, resulting in 62,400 GWh of lost electricity generation potential and $2.2 billion in wasted resources.
Nigeria’s Energy Sector Shows Resilience Amidst Unfounded Criticism
Despite external criticism, Nigeria's energy sector is achieving measurable progress through strategic gas initiatives, regional infrastructure projects, and modernized refinery management.
House Committee Mediates Between Importers and Refiners to Advance Petroleum Reforms
The House of Representatives is mediating talks between petroleum importers and domestic refiners to harmonize policies and ensure a stable fuel supply chain in Nigeria.
FESTAC community demands end to power crisis and billing issues in 48-hour deadline
Take Back FESTAC residents marched to the EKEDC headquarters in Lagos to protest eight months of power outages and unreasonable estimated billing, giving the company a 48-hour ultimatum to restore supply.
Federal Government Assures Successful Outcome for Nigeria’s 2026 EITI Validation
The Nigerian government anticipates a successful 2026 EITI validation, citing significant governance reforms and a focus on transparency as key drivers for a positive assessment.
REA Aims for 3.7GW Solar Panel Manufacturing to Bridge Nigeria’s Energy Deficit
The Rural Electrification Agency plans to establish 3.7GW of solar panel manufacturing capacity in Nigeria by 2027 to improve power access and reduce import reliance.
Converting Nigerian Energy Potential into Tangible Results: Insights from NBCC Energy Day 2026
NBCC Energy Day 2026 centered on the necessity of moving Nigeria's energy sector beyond theoretical potential through disciplined execution, domestic industrialization, and a focus on natural gas as a catalyst for growth.
Northeast Electricity Supply Falters as Unplanned Blackouts Precede TCN Maintenance
Jalingo and Yola face a severe power crisis as an unexpected TCN facility fault hits just days before a scheduled regional maintenance outage.