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…
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…
Africa’s leading advocate for gender inclusion and capacity development in the energy sector, Women in Energy Network (WIEN), has congratulated the Managing Director of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on his election as Secretary-General of the Gas Exporting Countries Forum (GECF) at the 27th Ministerial Meeting of the Forum held in Doha, Qatar….
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged government to address the nation’s aging pipelines, inefficient ports, and infrastructure gaps. DAPPMAN Chairperson, Mrs Moroti Adedoyin-Adeyinka, made the appeal on Wednesday during the OTL Africa Downstream Week 2025 in Lagos. She was represented by Mrs Ngozi Ekeoma, Group Managing Director of Nepal…
Liquefied Petroleum Gas marketers have set a target to raise Nigeria’s annual LPG supply to six million metric tonnes in the coming years as part of efforts to deepen the use of cleaner energy across the country. The outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Oladapo Olatunbosun, disclosed this at the…
The Federal Government has declared its full support for Dangote Refinery’s plan to boost production capacity to 1.4 million barrels per day (bpd), describing the project as a “game-changer” for Nigeria, West Africa, and the entire continent. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this known on Monday in Lagos while speaking…
