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Energy
114 posts
Nigeria Unaffected as Select OPEC+ Nations Boost Production
Nigeria remains exempt from the latest OPEC+ production increase, allowing the nation to continue its independent strategy for raising oil output within its established quota.
Former TCN Chief Usman Mohammed Identifies Causes of Nigeria’s Power Instability
Former TCN Managing Director Usman Mohammed blames systemic government errors, corruption, and the appointment of incompetent officials for Nigeria's enduring electricity shortages.
Decade-long investment fails to revitalize Nigeria’s power grid
Despite N10 trillion in investments over the past 13 years, Nigeria's power sector continues to face severe generation stagnation and a massive liquidity crisis, prompting a new government reform agenda.
Power Minister Confirms No Current Plans for Electricity Tariff Hikes
Minister of Power Joseph Tegbe announced that the Federal Government will not increase electricity tariffs, focusing instead on infrastructure audits and grid reliability.
Clarifying Power Minister Joseph Tegbe’s Recent Electricity Tariff Remarks
Analyst Gaffar Tunde corrects misinformation regarding Minister of Power Joseph Tegbe’s recent press briefing, clarifying the government's strategic focus on infrastructure audits and grid stability over alleged tariff hikes.
Eko Electricity Distribution Cuts Losses to 19.7 Percent as Senate Pledges Support
The Senate Committee on Privatisation lauded EKEDP for its improved efficiency and reduced losses, promising to help resolve government debt and power transmission bottlenecks.
Power Minister Joseph Tegbe Rejects Electricity Tariff Hike Plans
Minister of Power Joseph Tegbe has clarified that the federal government is not planning to increase electricity tariffs, prioritizing service improvements and metering instead.
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.