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Egypt has mandated shops, restaurants, and entertainment venues to close by 9PM for one month as emergency energy-saving measures. The country's petrol bill soared to $2.5 billion in March alone due to the Iran war blockade of the Strait of Hormuz.
The US-Israel conflict with Iran has triggered a severe fuel crisis across Africa, causing petrol price surges, electricity rationing, and energy emergencies in multiple countries, reshaping the continent's energy landscape.
Oil and gas experts emphasize the need for increased attention to gas development and energy security to support Nigeria's economic growth amid rising energy demands.
Filling stations in Lagos, including NNPC outlets, continue selling petrol at N1,310-N1,330 per litre despite Dangote Refinery's N70 price reduction. Marketers cite existing high-cost inventory as reason for delayed adjustment.
Depot owners across Nigeria have reduced petrol prices to around N1,255 per litre after Dangote Petroleum Refinery lowered its gantry price to N1,200, offering potential relief for motorists amid competitive market adjustments.
NNPC Group CEO Bayo Ojulari declares Nigeria a dependable energy investment hub at CERAWeek 2026, citing stable policies, improved security, and strategic partnerships.
Yobe State Government has secured a $5 million World Bank grant to install solar power systems in six health and educational institutions, aiming to improve service delivery and sustainability.
The Federal Government and electricity generation companies disagree on outstanding debts, with figures ranging from N2.8 trillion to N6.3 trillion, prolonging power sector instability and blackouts for Nigerians.
President Bola Tinubu assures Nigerians of improved electricity, announcing a 1,500MW injection into the grid via the Grid Asset Management Company to boost industrialization and stability.
Ogun State Governor Dapo Abiodun states Nigeria's power sector challenges cannot be resolved in three and a half years, urging patience amid worsening electricity supply attributed to gas shortages.
Transcorp Energy and Renewvia Solar Nigeria have signed an MoU to develop renewable energy projects across Nigeria, targeting commercial, industrial, and residential consumers to address the continent's power deficit.
A Nigerian woman proudly displays her solar generator, calling it the best purchase of 2025. It powers her TV, laptop, fan, and more, drawing mixed reactions online.
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Dangote Refinery announces a ₦75 reduction in petrol gantry price to ₦1,200 per litre, despite global oil price increases and ongoing crude supply challenges affecting operations.
Abuja Electricity Distribution Company reports widespread blackout affecting multiple communities in FCT and Nasarawa State due to transmission substation fault, with restoration expected by 11:30 PM.
A growing number of African petroleum ministers are boycotting the Africa Energies Summit 2026 in London, escalating a dispute over local content and representation led by the African Energy Chamber.
Dangote Refinery has lowered petrol prices to N1,200 per litre, citing global oil market volatility. However, crude supply shortfalls threaten full operational capacity.
As temperatures exceed 40°C, Nigeria faces a severe public health and financial crisis due to unreliable electricity and rising fuel prices. Households are spending up to N300,000 monthly on cooling, while heat-related illnesses surge, deepening economic
The Federal Government has significantly reduced power sector liabilities, with NELMCO clearing over N2.16 trillion in debts inherited from PHCN, enhancing investment confidence and sector stability.
President Bola Tinubu has approved expanding the Presidential Initiative on Compressed Natural Gas to include electric vehicles, aiming to accelerate Nigeria's transition to sustainable transportation.
The African Development Bank has approved a $5.65 million grant to pilot a climate finance tool for expanding off-grid renewable energy in fragile African countries, aiming to provide electricity to 856,000 people.
PETROAN calls for temporary interventions like transport support and food subsidies to ease the burden of rising fuel costs on Nigerians, as prices exceed N1,000 per litre.
Bismarck Rewane highlights power sector reforms as essential for Nigeria's economic growth at the RCCG Economic Summit, stressing the need for reliable electricity to boost productivity and support SMEs.
Ogun State Government has initiated the Ogun State Electricity Regulatory Commission to build a reliable electricity market, ensuring fair tariffs and supporting industrial growth.
A Nigerian woman tired of paying N1,500 per litre for petrol to run her generator has invested in an Itel Power Tank for solar electricity, sparking online discussions about alternative energy.
The NMDPRA's decision to resume petrol import licences has drawn criticism from energy experts, warning of low-quality fuel risks and threats to local refining investments, amid calls for transparency and long-term policy stability.
The World Meteorological Organization warns Nigeria to strengthen resilience against extreme weather, calling for increased investment in NiMet and private sector involvement.
A development expert warns that the escalating Hormuz conflict could disrupt Nigeria's energy supply, urging President Tinubu to form a committee to mitigate economic impacts.
Despite global crude oil prices falling from $130 to $100 per barrel, Nigerian petrol stations maintain rates above N1,300 per litre, causing transport fare hikes and consumer outcry.
An advocacy group criticizes NMDPRA's decision to resume petrol import licences, warning it could weaken domestic refining and allow substandard fuel into Nigeria's market.
The Nigerian Electricity Regulatory Commission has inaugurated the Forum of Nigerian Electricity Regulators to enhance coordination and address market-wide challenges in the electricity sector.