As conflict in the Middle East enters the second month, there are concerns about the ripple effects on developing economies that depend on imported energy, fertilisers and staple food commodities. For Nigeria, a country already grappling with inflation, currency volatility, and structural inefficiencies, the stakes are particularly high. Rising Costs at the Markets At the …
The Nigerian Electricity Regulatory Commission (NERC) has introduced two major regulatory changes aimed at reducing national grid inefficiency and accelerating rural electrification. The first order on Transmission Loss Factor sets strategic targets to cut transmission losses, while the second establishes a comprehensive framework to license and integrate mini-grids for boosting electricity supply in unserved and …
Nigeria's electricity distribution companies (DisCos) recorded a revenue loss of ₦63.46 billion in January 2026, as severe gas supply shortages and persistent grid collapses crippled power generation across the country. According to a report issued by the Nigerian Electricity Regulatory Commission (NERC) titled “Commercial Performance of Distribution Companies”, 11 DisCos collectively generated ₦204.74 billion in …
While preparing dinner on Friday evening, Madam Juliana Umeh, a mother of three who resides in the Ilasa area of Lagos, suddenly noticed the flame from her blue 12.5kg cylinder gradually dropped and finally stopped. The gas finished in the middle of the cooking. Left with no other option, Mrs Umeh approached a nearby gas …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that over $10 billion in new investments have been unlocked in the Nigerian upstream oil and gas sector signalling a significant resurgence of production activities. The NUPRC Chief Executive, Oritsemeyiwa Eyesan, made this known during the 2026 Oloibiri Lecture and Energy Forum in Abuja on Thursday, …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is set to launch Project NEXUS, a flagship transformation initiative aimed at enhancing regulatory efficiency and positioning Nigeria as a leading energy hub in Africa. The announcement was made by NMDPRA Chief Executive Saidu Mohammed at the 26th Oloibiri Lecture Series and Energy Forum (OLEF) held in …
President Bola Tinubu’s recent approval of a ₦3.3 trillion debt settlement plan has been touted as a significant move towards fixing the liquidity crunch that has choked the Nigerian power sector for years. However, the announcement has generated mixed reactions regarding its significance in the efforts towards ending the persistent blackouts that Nigerians have grappled …
The Dangote Petroleum Refinery has reversed its recent petrol price hike, returning the ex-gantry price to N1,200 per litre. The 650,000 barrels per day refinery had on Tuesday, April 7, raised its petrol price to N1,275, a N75 increase in response to global crude oil price volatility caused by the ongoing Middle East conflict. The …
In a strategic move to resonate with Nigeria’s vibrant youth culture, MAGGI has unveiled rising music star Qing Madi as the face of its latest campaign, tagged “Me & MAGGI, So Good Together.” The unveiling took place at Nestlé Nigeria’s Head Office in Lagos, marking a shift in how the brand engages with Gen Z. …
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Engr. Bashir Bayo Ojulari, has attributed the growth of crude oil production in the country in the last four years to improved security of oil pipelines in the Niger Delta. He said the establishment of the integrated energy security for pipelines in the …
