Oritsemeyiwa Eyesan, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the 2026 oil licensing round will commence by the third quarter (Q3) of 2026, following approval by the minister of petroleum resources. Eyesan spoke on Wednesday when Meren Energy, formerly Africa Oil, visited the commission’s headquarters in Abuja. She said preparations…
The Nigerian Electricity Regulatory Commission (NERC) has announced a special compensation for band A customers affected by blackout and insufficient supply from grid generation constraints. In a statement, NERC said the directive was introduced in recognition of the significant generation shortfalls experienced across the Nigerian Electricity Supply Industry (NESI) between February and March 2026, which…
The Nigerian Electricity Regulatory Commission (NERC) says power distribution companies (DisCos) collected N196.13 billion in revenue in March. In its ‘commercial performance of distribution companies (DisCos)’ fact sheet for March, NERC said the figure represents a 0.28 percent decrease from the N196.68 billion revenue collected in February. According to the fact sheet, the DisCos realised…
The Nigerian Electricity Regulatory Commission has commenced its Net Billing Regulations 2026, a policy framework that allows electricity consumers to generate their own power from renewable energy sources and sell surplus electricity back to the national grid. In a statement posted on its verified X handle on Wednesday, the commission said the regulation is aimed…
Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have embarked on an indefinite nationwide strike over welfare and other administrative grievances. It was further learnt that the industrial action commenced after efforts to resolve welfare and administrative grievances failed,…
The Transmission Company of Nigeria ,TCN, has announced an extension of the ongoing maintenance work on the Jos–Bauchi–Gombe 330kV single-circuit transmission line to facilitate the completion of the Optical Ground Wire OPGW, installation project along the corridor. In a statement issued weekend and signed by the General Manager, Public Affairs, Ndidi Mbah, TCN said the…
Transmission Company of Nigeria has announced a blackout in five Northern Nigerian states, including part of the Niger Republic. TCN disclosed this in a statement on Saturday by its spokesperson, Ndidi Mbah. The Nigerian government agency said the outage is due to annual maintenance on its Mando–Kumbotso 330kV Transmission Line scheduled for Sunday, 31st May…
TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors. The comment comes as the company reported a 29% jump in its adjusted net income in the first…
The Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO). In a statement on Saturday, the company said the reduction reinforces its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria. Under the latest price…
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have pledged deeper collaboration to eliminate regulatory uncertainties and strengthen investor confidence across Nigeria’s petroleum industry. The commitment followed a courtesy visit by the new Authority Chief Executive of the NMDPRA, Rabiu Abdullahi Umar, to the headquarters of the NUPRC…
