The Federal Government has finalised implementation frameworks for a ₦4 trillion government-backed bonds to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers. The Special Adviser to the President on Energy, Mrs. Olu Verheijen disclosed this in a statement made available to newsmen in Abuja. In the statement signed by Senan Murray,…
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 Minister of Solid Minerals Development, Dele Alake, has announced plans by the Federal Government to establish a new pre-shipment inspection agency for the solid minerals sector as part of ongoing efforts to plug leakages and boost revenue generation. Alake disclosed this at a pre-event press briefing ahead of the 10th edition of the Nigeria…
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…
Nigerian-born author and cultural storyteller Oyindamola Olugbile has won the 2025 NLNG-sponsored Nigeria Prize for Literature, defeating Chigozie Obioma and Nikki May. The Nigeria Prize for Literature, established in 2004, is one of the country’s most prestigious literary awards. The Advisory Board for the Prize, chaired by Akachi Adimora-Ezeigbo, announced Ms Olugbile’s victory at the…
