Shell plc and its subsidiaries paid the Nigerian government a total of $2.016 billion in 2025 through production entitlements, royalties, taxes, and statutory fees. The company’s latest Payments Report,showes that Nigeria received $1.237 billion in production entitlements, representing the largest share of payments made by the energy giant during the year. Royalty payments amounted to…
The initiative also supports the Distributed Access through Renewable Energy Scale-Up (DARES) programme, a national effort to expand electricity access through decentralised renewable energy solutions. The Rural Electrification Agency (REA), UK PACT, First City Monument Bank (FCMB), and ARMHIIL have launched a Green Finance Investment Facility (GFiF), a blended finance platform to mobilise large-scale private…
Nigerians will soon start paying more for electricityNigerians may soon pay more for electricity as the Nigerian Electricity Regulatory Commission reviews tariffs amid rising generation and transmission costs. NERC is reportedly reviewing electricity tariffs across customer bands. The move is linked to rising generation, transmission and gas costs. Nigerians are expressing concern over another possible…
Nigerians will soon start paying more for electricityNigerians may soon pay more for electricity as the Nigerian Electricity Regulatory Commission reviews tariffs amid rising generation and transmission costs. NERC is reportedly reviewing electricity tariffs across customer bands. The move is linked to rising generation, transmission and gas costs. Nigerians are expressing concern over another possible…
The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its support behind the Lagos State Electricity Regulatory Commission (LASERC) over new reforms aimed at eliminating estimated billing and improving transparency in electricity supply across Lagos State. The Commission commended LASERC’s position in the 2025 Lagos Electricity Market Report, particularly its backing for stricter enforcement…
The Transmission Company of Nigeria, TCN, says its newly constructed Ihovbor/Benin and Ihovbor/Ajaokuta 330kv transmission lines would add 600 megawatts to the national grid. The Managing Director/Chief Executive Officer of TCN, Engr Sule Abdulaziz, disclosed this on Thursday at the official commissioning of the newly constructed 330kv line at Ihovbor, Benin City. Abdulaziz, who attributed…
The Federal Government has taken a step toward strengthening youth employment and advancing Nigeria’s clean energy transition with the signing of a Memorandum of Understanding to integrate Compressed Natural Gas retrofitting training into the National Youth Service Corps Skill Acquisition and Entrepreneurship Development programme. The MoU signing ceremony, held at the Federal Ministry of Youth…
Isolo Power Gen Limited has secured approval to develop a 9MW embedded power generation project in Lagos State under the latest licensing round issued by the Lagos State Electricity Regulatory Commission (LASERC). The company is one of 14 licensees recently approved by LASERC, but the only operator cleared under the embedded generation category for a…
Holds in Lagos on October 8 at Eko hotel and Suites in Lagos The Association of Energy Correspondents of Nigeria (NAEC) has announced the date and activities for its upcomimg 2026 annual Conference, with special focus on empowering indigenous operators and enhancing competition in the Nigerian oil, gas, power, solid minerals, and renewable energy sectors….
The Lagos State Electricity Regulatory Commission (LASERC) has revealed plans to commence the pilot rollout of 24/7 electricity franchise zones across Lagos by October 2026 as part of efforts to transform the state’s electricity market. The disclosure was made by the Commission’s Chief Executive Officer, Temitope George, during the commission’s maiden stakeholder engagement at The…
