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 …
The Alliance for Economic Research and Ethics Ltd/GTE has called for predictable, multi-year funding for the Nigerian Education Loan Fund (NELFUND), warning that uncertainty over its financing could undermine efforts to expand access to higher education. The organisation also urged the Federal Government to strengthen transparency and accountability in the student loan scheme, including publishing …
Financial Services Innovators (FSI), with sponsorship from the Nigerian Communications Commission (NCC), has selected 15 female students from Northern Nigeria for industry internships after completing an eight-week software testing training programme that attracted 590 applications. The programme, which ran from August 8 to September 26, 2026, reached female students across Kano, Nasarawa, Bauchi, Sokoto and …
The Nigerian Exchange Group Plc (NGX Group) recorded ₦912.06 million in other operating income in the nine months ended September 30, 2026, which rose 42.1 per cent from ₦641.86 million a year earlier. The increase represents an additional ₦270.20 million in income from the combined category, comprising NGX Group's penalties with market development income, X-Academy …
First HoldCo Plc had about 80 per cent of its cash and central bank balances locked up as mandatory reserves as of September 30, 2026, limiting funds available for lending and daily operations even as the group expanded its deposits and raised fresh capital. The group’s Q3 2026 financial statements show that it held ₦5.65 …
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 …
