Browsing Tag
Energy Sector
37 posts
Federal Government Launches Crude Oil Trading Platform to Streamline Domestic Supply
The federal government has unveiled an automated trading platform to streamline the domestic supply of crude oil to local refineries like Dangote, aiming to reduce import reliance.
Geregu Power Provides Assurance Regarding Bond Repayment Obligations
Geregu Power Plc is addressing market concerns regarding its bond repayment capacity by conducting a comprehensive audit of its financial obligations and maintaining active communication with stakeholders.
Federal Government Aims to Boost Refining Capabilities to Supply Africa
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, announced plans to increase Nigeria's refining capacity to four million barrels to serve the African market and bolster regional energy security.
NERC Replaces Kaduna DisCo Board Following N456 Billion Debt Crisis
NERC has dissolved the Kaduna Electricity Distribution Company board and appointed an administrator due to a massive N456 billion debt and failing operational standards.
NERC Removes Kaduna Disco Board Amid N456bn Debt Crisis
NERC has dissolved the Kaduna Electricity Distribution Plc board due to a N456.5 billion debt and persistent operational failure, appointing an interim board to oversee the transition.
NERC Removes Kaduna DisCo Board Over N456bn Debt and Names Administrator
NERC has dissolved the board of the Kaduna Electricity Distribution Company due to a N456 billion debt burden and poor performance, appointing an administrator to manage the utility for six months.
Geregu Power faces scrutiny after missing N40 billion bond payment
Geregu Power, recently acquired by entities linked to Senator Yari, has defaulted on a N40 billion bond obligation amid a sharp decline in profitability.
Geregu Power faces investor unease following bond default and 88% profit drop
Geregu Power Plc has triggered investor alarm after missing bond repayments amid a significant downturn in earnings and revenue during the first half of 2026.
Nigeria Labour Congress urges radical restructuring of energy sector
The NLC has criticized Nigeria's power sector privatization, demanding a transition to a citizen-centered energy policy that focuses on development rather than profit from scarcity.
NNPC Defends Ojulari Leadership Amid Production Growth
NNPC defends its leadership's performance and clarifies its lack of regulatory authority in oil licensing, highlighting steady growth in crude oil and gas output.