Nigeria’s petrol landing cost has climbed to N1,314.67 per litre, according to the latest data from the Major Energies Marketers Association of Nigeria (MEMAN). Several depots have raised ex-depot petrol prices for the second time in under a week, pushing pump prices higher across the country. MEMAN also put the landing cost of diesel at…
Africa’s biggest refinery is moving closer to a landmark public offering as billionaire industrialist Aliko Dangote has revealed that the initial public offering of the Dangote Refinery will open within the next 10 to 12 days. Dangote disclosed this on Thursday, September 3, 2026, while speaking to investors and analysts in Botswana, providing the clearest…
Ikeja Electric has introduced a buy-now-pay-later electricity scheme called Energy Advance, allowing eligible customers to draw up to N20,000 worth of electricity units on credit and pay later. The distribution company announced the service in an official notice to customers, saying it is designed to prevent unexpected power interruptions when units run out at inconvenient…
Dangote Refinery held its liquefied petroleum gas depot price at N950 per kilogram on Monday, August 31, 2026, remaining the cheapest among all tracked suppliers. Only two depots changed prices between Friday, August 28 and Monday, August 31, while the rest stayed flat. Depot price movementsData from Petroleumprice.ng showed that A.Y.M Shafa cut its price…
The Transmission Company of Nigeria (TCN) has secured more than $1.4 billion, about N1.87 trillion, in loans and grants to expand the national electricity grid. The funding has raised transmission wheeling capacity to 8,700 megawatts and supported the commissioning of 89 power transformers. TCN Executive Director for Transmission Service Provider, Ajiboye Oluwagbenga, disclosed this at…
Nigerian motorists are facing another petrol price increase after MRS and Dangote-backed filling stations raised their pump price to N1,310 per litre in Lagos and surrounding areas. The latest increase represents a sharp rise from about N1,205 per litre, adding fresh pressure to households, transport operators and businesses already battling elevated operating costs. Other filling…
The Federal Government has launched a crackdown on massive energy theft along the 132-kilovolt Ikorodu–Sagamu industrial corridor, where unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of N120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced this during a high-level stakeholders meeting with industrial operators,…
The Edo State government has issued a transmission and distribution licence to CCETC Ogua Energy Limited for full utilization of its targeted 100 MW power project. The project is expected be completed and commissioned before the end of 2026. The Commissioner for Power, Hon. Paul Usenbo made this known in Benin City while presenting the…
The Nigerian Electricity Regulatory Commission (NERC) issued 194 licences, permits and certifications across Nigeria’s electricity market in 2025, a 15.5% increase from the 168 approvals recorded in 2024. The regulator disclosed this in its 2025 Annual Report, with approvals spanning generation, distribution, trading, mini-grids and metering. The jump reflects continued regulatory activity across both conventional…
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…
