The Nigerian Electricity Regulatory Commission (NERC) has urged the Federal Government to spend the significant part of the $ 2 billion available to the Rural Electrification Agency (REA) to proffer solutions to the power supply challenges of the country’s industrial hubs. Vice Chairman, Dr. Musiliu Oseni, gave the charge, while speaking at the Nigerian Electricity…
One hundred young graduates of diverse academic disciplines on Thursday began a Graduate Internship Programme jointly sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC) Limited, and the Petroleum Technology Association of Nigeria (PETAN) as part of a collaborative initiative to provide youths with critical skills, exposure and practical…
The Federal Government and investors in the Nigerian Electricity Supply Industry (NESI) have expressed differing views on whether state governments currently have the capacity to regulate electricity markets within their jurisdictions. The disagreement surfaced at an event in Abuja marking the 20th anniversary of the Nigerian Electricity Regulatory Commission (NERC). Speaking on behalf of the…
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices. In a letter dated October 21, 2025, reported publicly on October 30,…
Following President Bola Tinubu’s approval of a 15 per cent import tariff on fuel, Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, is part of…
Global energy and commodity price reporting agency Argus Media has introduced new intraday price assessments for European gasoline, providing the market with enhanced visibility and real-time insight into price movements throughout the trading day. The development, announced by Argus Vice President, James Gooder, during the international energy trading panel at the 2025 OTL Africa Downstream…
Global energy and commodity price reporting agency Argus Media has introduced new intraday price assessments for European gasoline, providing the market with enhanced visibility and real-time insight into price movements throughout the trading day. The development, announced by Argus Vice President, James Gooder, during the international energy trading panel at the 2025 OTL Africa Downstream…
The Federal High Court in Abuja, on Wednesday, adjourned a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company, NNPC, Limited and others over oil import licence dispute until November 5 for hearing. The matter, which was earlier fixed for today for hearing, could not proceed due to the absence…
The Major Energy Marketers Association of Nigeria (MEMAN) says the removal of fuel subsidy has ushered in a new era of deregulation in the downstream sector, paving the way for innovative business models such as Energy-as-a-Service (EaaS), integrated multi-energy hubs, Virtual Power Plants (VPPs), and peer-to-peer (P2P) energy trading. The association has therefore urged industry…
The Nigerian Electricity Regulatory Commission (NERC) announces the commemoration of its 20th Anniversary—marking two decades of dedicated service in regulating and shaping the Nigerian Electricity Supply Industry (NESI). A statement by the Management reveals that the anniversary commemoration reflects on the Commission’s remarkable journey — from the early challenges of its establishment, through the regulation…
