FG licenses 81 firms to sell CNG as fuel price stays at N380 per SCM
The federal government has licensed 81 companies to retail compressed natural gas (CNG), up from…
NUPRC seeks completion of 10-storey headquarters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the speedy completion of its proposed headquarters, The Barrel, will boost the Commission’s efficiency and Nigeria’s investment appeal. The Barrel, a 10-storey building with the capacity to accommodate 900 to 1,000 people is being constructed in the likeness of a convex, curved cylinder that bulges outward at…
TCN Reveals Real Cause of Lekki Power Outage, Dismisses EKEDC’s Transformer Claim
The Transmission Company of Nigeria has traced the power outage affecting Lekki, Lagos, to faults on two feeders operated by the Eko Electricity Distribution Company, directly contradicting EKEDC’s claim that a TCN transformer was responsible. In a statement, TCN said the disruption was not caused by a fault on its transformer at the Lekki Transmission…
Tinubu: Transport Fares to Drop Nationwide From October 2026.
President Bola Tinubu has directed the Federal and state governments to cut public transport fares across Nigeria, with commuters expected to start benefiting from October 1, 2026. He made the announcement after meeting governors elected on the platform of the All Progressives Congress (APC) at the Presidential Villa, Abuja, on Thursday. The meeting followed the…
TCN declares Force Majeure after three towers collapse on Birnin Kebbi–Niamey line
The Transmission Company of Nigeria (TCN) has declared Force Majeure on the 132kV Birnin Kebbi–Niamey Transmission Line after three transmission towers collapsed at Chibike Village. The collapse followed heavy rain and windstorm, disrupting bulk electricity transmission to Niamey. TCN disclosed the development in a statement on Friday. The line tripped at 17:38hrs on August 26,…
FG licenses 81 firms to sell CNG as fuel price stays at N380 per SCM
The federal government has licensed 81 companies to retail compressed natural gas (CNG), up from about four previously. The National Automotive Design and Development Council (NADDC) Director-General, Oluwemimo Joseph Osanipin, disclosed this on Wednesday, August 27, after meeting President Bola Tinubu at the Presidential Villa in Abuja. CNG currently costs N380 per standard cubic metre…
NERC names 5-member interim board to fix troubled Kaduna Disco
The Nigerian Electricity Regulatory Commission (NERC) has inaugurated a five-member interim board for Kaduna Electricity Distribution Company (KAEDC), days after dissolving the company’s board over persistent financial and operational failures. The new Interim Board of Special Directors was inaugurated on Wednesday, August 19, 2026, as part of measures to implement NERC’s regulatory intervention and reset…
Olabiyi-Agoro replaces Osifo as PENGASSAN president
Bosun Olabiyi-Agoro has been elected national president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, replacing Festus Osifo. Olabiyi-Agoro emerged as president at the association’s first Quadrennial Delegates Conference, held in Abuja on Saturday. Olabiyi-Agoro, a staff member of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is the current chairman of…
Seplat energy firms post N2.57tn revenue in six months.
Nigeria’s listed energy companies recorded about N2.57tn in combined revenue in the first half of 2026, but their performances varied, with Seplat Energy posting strong growth while power generators Geregu Power and Transcorp Power recorded weaker revenue. The financial results of Seplat Energy Plc, Geregu Power Plc and Transcorp Power Plc show differences in the…
Lagos plans 24/7 power supply with 3,500MW target
Lagos State and the Federal Government have unveiled plans to raise electricity supply in Lagos to about 3,500 megawatts (MW) as part of renewed efforts to tackle persistent blackouts and power the state’s growing economy. The plan was announced at the Lagos State High-Level Strategic Power Town Hall Meeting held at Lagos House, Marina, where…
Saudi Aramco resumes commercial oil shipments from Strait of Hormuz
World’s top oil exporter still stymied by Yemen’s Houthis in Red Sea, but ships millions of barrels to Asian refineries via UAE port after pause forced by latest US-Iran flare-up Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant…
