As our yearly practice in the National Association of Energy Correspondents, NAEC, experts will again gather at Eko Hotel to brainstorm on how to move the Nation’s Energy Sector forward for accelerated growth. The focus this time is ways to access the abundant Energy Asserts through Indigenous Players. Keynote Speakers at the Conference will bring…
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…
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…
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 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…
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…
This was a major highlight of the graduation of its first cohort of teachers under the Seplat Teachers Empowerment Programme on STEAM-focused teaching techniques and approaches and alternative income-generation skills to strengthen their professional development and make them economically resourceful. Speaking at the graduation ceremony in Owerri on Monday, the Director of External Affairs and…
Petroleum depot prices rose across Nigeria on Tuesday, August 11, 2026, as global crude oil climbed towards $90 per barrel and Iran kept the Strait of Hormuz closed. Parker in Warri recorded the largest single increase of N48 per litre, pushing its petrol price to N1,230. Diesel prices also moved higher at several Lagos and…
The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said the fuel subsidy bill could have risen to about N53 trillion and the naira could have hit N3,500 per dollar if President Bola Tinubu had not removed the subsidy in 2023. He spoke on Channels Television on Sunday night while defending the removal…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released draft regulations that would ban petroleum companies from fixing prices, sharing markets, rigging bids, or jointly restricting fuel supply. The framework was published on Thursday, August 6, 2026, and stakeholders have 21 days to submit written comments before it is finalised. The draft Midstream…
