Atta Predicts Merger of Operators, Outlines Funding Instruments for Projects
The Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that…
Nigeria’s oil and gas industry needs urgent human capital development to sustain long term visibility- Eyesan.
This warning came from the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyewa Eyesan, who urged indigenous operators to urgently invest in human capital development or risk undermining the industry’s long-term viability. She charged the Independent Petroleum Producers Group to uphold industry standards, strengthen human capital development, and promote good corporate governance. This…
Minister Of Power Briefs President Tinubu On Power Sector Reforms
Nigeria’s Minister of Power, Adebayo Adelabu, on Tuesday presents a comprehensive report to president Bola Tinubu at the Presidential Villa, on his stewardship of the power sector over the past two and a half years. During the meeting, the Minister outlined key milestones recorded under his leadership, including efforts to stabilise electricity generation, strengthen transmission…
Atta Predicts Merger of Operators, Outlines Funding Instruments for Projects
The Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that many indigenous oil and gas operators in Nigeria will within the next decade consolidate strategically and form consortiums to take advantage of emerging opportunities. He stated this when he made a presentation at the Nigerian Content Academy Lecture on Thursday,…
Lagos 4,000MW Power Hub Projects
Lagos State is currently developing four strategic electricity generation hubs under its Clean Lagos Electricity Market plan, designed to support up to 4,000MW of gas-fired power. These hubs, aimed at bridging the power deficit from the national grid, will each host projects with a minimum generation capacity of 500MW. Each of the four hubs is…
NNPC revenue hits N2.68tn despite February’s low output
The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. The company reported a 4.2 per cent increase in revenue for its February 2026 operations, rising…
NERC Orders TCN to reduce transmission losses
The Nigerian Electricity Regulatory Commission has ordered the Transmission Company of Nigeria to reduce transmission lossesacros s the national grid to 6.5 per cent by December 31, 2026, as part of measures aimed at improving efficiency and transparency in the electricity transmission network. In an order dated April 8, 2026, the commission said the directive…
Seven northern states face power outages for grid modernisation
Electricity consumers in Plateau, Gombe, Bauchi, Borno, Adamawa, Taraba and Yobe states are set to experience weeks of disrupted power supply as the Nigerian Independent System Operator announces a scheduled outage on the Jos–Gombe 330kV transmission line. In a public notice issued on Thursday, the Nigerian Independent System Operator said the outage would run from…
The Rural Electrification Agency to support mini-grid projects in Taraba, Kogi, and Kwara states
This was contained in a statement made available to our correspondent by the agency on Sunday. According to the statement, the agency announced that N7.95bn was released to Havenhill to finance critical equipment for four mini-grid power projects across the three states. It also disclosed that N1.056bn was disbursed to Faraday & Otstred Limited for…
OPEC to Boost Output Once Hormuz Reopens
OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. The move was expected, with reports saying the eight OPEC members that are managing their production stand ready to start adding barrels quickly…
Tinubu approves N3.3 trillion settlement plan for power sector reforms.
President Bola Tinubu has approved a N3.3 trillion payment plan to settle longstanding debts in Nigeria’s power sector under the Presidential Power Sector Financial Reforms Programme. The approval was disclosed in a statement signed by the President’s spokesperson, Bayo Onanuga, on Sunday. The move follows a final review of legacy debts that have plagued the…
