The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has said despite the global energy tension, Nigeria offers a stable climate and called on investors to taking advantage of the 2026 Licensing Round which has 40 oil and gas blocks on offer. She announced that the licensing round portal will officially …
Nigeria’s 11 electricity Distribution Companies (DisCos) generated ₦220.93 billion in revenue from customers in August 2026, representing a 7.49 per cent increase from the ₦205.53 billion recorded in July, as billing and revenue collection efficiencies improved during the period. The latest Commercial Performance Factsheet released by the Nigerian Electricity Regulatory Commission (NERC) showed that the …
Nigeria's petrol and diesel supply declined sharply in September 2026, even as domestic consumption of both products increased, raising fresh concerns over fuel availability and the country's ability to sustain adequate petroleum product supply. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), daily petrol supply to the market fell by …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stepped up efforts to achieve Nigeria’s 60 per cent methane emissions reduction target by 2035 with the deployment of a digital tracking platform designed to strengthen emissions monitoring, reporting and regulatory enforcement across the oil and gas industry. The platform, known as the Nigerian Oil and Gas …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said 22 recent oil block awardees are expected to contribute at least 250,000 barrels per day (bpd) to Nigeria’s crude oil production within five years. The Commission also disclosed that domestic refineries received more than 127 million barrels of Nigerian crude oil and condensate between January and …
Aliko Dangote has unveiled a $50 billion investment plan for 2026 to 2030, targeting expansion across Africa’s energy sector through refinery projects, petroleum pipelines and distribution networks. The President of Dangote Industries Limited disclosed that the Group had acquired a 25 per cent stake in a petroleum products pipeline network in Kenya as part of …
Nigeria, South Africa and Ghana will battle for the Best Film award at the 22nd edition of the Africa Movie Academy Awards (AMAA), following the unveiling of nominees for the 2026 edition. The competition features nine films from six African countries, including Nigeria’s To Adaego With Love and The Herd, South Africa’s The Trek and …
Parts of Nigeria were thrown into darkness on Monday, October 19, following a sharp decline in electricity generation to below 1,000 megawatts (MW), highlighting the country’s persistent power supply challenges. The drop in generation places additional pressure on electricity distribution across the country, leaving households and businesses grappling with unreliable power supply. The …
Nestlé Nigeria has called for entries by journalists and media professionals across the country for the sixth edition of the Nestlé Media Awards. In a statement announcing the opening, the company urged journalists and media professionals to submit compelling stories recognising journalism that brings important issues to the forefront, deepens public understanding and highlights solutions …
Union Bank of Nigeria has nurtured and retained generational customers, some of whom have maintained banking relationship with the Nigerian financial institution for two or more generations, a survey has revealed. The survey found that hundreds of families and businesses have maintained relationships with the bank for 60 to 80 years, since the days …
