The Federal Government has signed renewable energy deployment agreements worth $500 million with five state governments and the Netherlands Development Organisation (SNV) to boost solar power generation and expand local production of solar panels and battery storage systems in Nigeria. The agreements, facilitated through the Rural Electrification Agency (REA), were signed with Bayelsa, Ogun, Lagos,…
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge. The order, cited as ‘NERC Order No: 2025/10—Order on the Operationalisation of Tranche B of the Meter Acquisition…
Oil prices, including both WTI and Brent crude, fell by over 2% due to renewed concerns about the trade war between the United States and China and its potential impact on the global economy. The trade tensions escalated after China sanctioned five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, citing their support for U.S….
The Federal Government has hinted that over $400 million in new renewable energy investment commitments will be formalised within the next two days to strengthen Nigeria’s renewable energy manufacturing value chain. Vice President Kashim Shettima announced this on Tuesday at the inaugural Nigerian Renewable Energy Innovation Forum 2025 held in Abuja, saying the move is…
The supply glitch faced by Dangote Refinery has propelled fresh prices of the premium motor spirit, known as petrol, across Nigerian filling stations. The Nigerian National Petroleum Company Limited retail outlets Ranoil, AA Rano, Mobil, Sharon and other filling stations have implemented a fresh petrol price increase on Monday. NNPCL retail outlets in Kubwa Expressway,…
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, says it has taken a final investment decision (FID) on the HI offshore gas project in the country. The decision, taken in partnership with Sunlink Energies and Resources Limited, saw the injection of $2 billion in the shallow offshore HI field in…
The Association of Energy Correspondents of Nigeria (NAEC), a professional body of journalists dedicated to promoting accurate reporting and informed discourse on Nigeria’s energy and extractive industries, has successfully hosted the 2025 edition of its Annual Conference at the Eko Hotels and Suites, Lagos. With the theme “Nigeria’s Energy Future: Exploring Opportunities and Addressing Risks…
The Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the ₦4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met…
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’s long-term energy future….
The Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have distributed about $42million loans to Small and Medium Enterprises (SMEs) to boost local participation in the oil and gas industry. The Head, Specialized Business at NEXIM, Muhammed Z. Awami, made the disclosure during a panel session at the NCDMB stakeholders’…
