Dangote Refinery Reduces Petrol Prices as Crude Supply Issues Persist
Dangote Refinery has lowered petrol prices to N1,200 per litre, citing global oil market volatility. However, crude supply shortfalls threaten full operational capacity.
Category : Energy Power
Nigeria's Heat Crisis: Power Failures, Fuel Costs Trigger Emergencies
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
NELMCO Clears N2.16 Trillion Debt, Boosts Power Sector
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.
Tinubu Expands PiCNG to Include Electric Vehicles
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.
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AfDB Approves $5.65M Grant for Off-Grid Power in Africa
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.
Marketers Urge FG Relief Measures for Petrol Price Hike
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.
Rewane: Power Reforms Key to Nigeria's Economic Revival
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 Launches Commission to End Epileptic Power Supply
Ogun State Government has initiated the Ogun State Electricity Regulatory Commission to build a reliable electricity market, ensuring fair tariffs and supporting industrial growth.
Lady Buys Itel Power Tank After N1,500 Petrol Costs
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.
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Petrol Import Licences Spark Fuel Quality and Refinery Concerns
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.
WMO Urges Nigeria to Build Climate Resilience
The World Meteorological Organization warns Nigeria to strengthen resilience against extreme weather, calling for increased investment in NiMet and private sector involvement.
Expert Urges Tinubu to Act on Hormuz 'Water War' Crisis
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.
Petrol Prices Stay High Despite Global Oil Price Decline
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.
Group Warns NMDPRA Import Licences Undermine Local Refineries
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.
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NERC Inaugurates Electricity Regulators' Forum for Market Reforms
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.
NERC: Nigeria's Electricity Crisis is a Market Sustainability Issue
NERC Chairman Musiliu Oseni identifies market sustainability as the core challenge in Nigeria's electricity sector, urging coordinated regulatory action to address structural issues beyond generation and distribution deficits.
WMO Urges Nigeria to Strengthen Climate Resilience
The World Meteorological Organisation has called on Nigeria to bolster its resilience against climate change impacts, following warnings of extreme weather as a top global long-term threat.
Man Shares Solar Panel Installation Cost, Materials Used
A Nigerian man has gone viral after sharing the breakdown of expenses for installing two solar panels at his residence. He revealed the materials purchased and electrician fees, prompting varied reactions from netizens about solar energy affordability.
Anambra Consumers Demand Prepaid Meters Over Billing Issues
Electricity consumers in Anambra state have called on First Power to install prepaid meters, rejecting estimated billing practices. The company has opened a new meter lab in Onitsha to speed up installations, while state regulators pledge fair oversight.
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Anambra Consumers Demand Prepaid Meters Over Billing Disputes
Electricity consumers in Anambra state have called on First Power to install prepaid meters, ending estimated billing disputes. Regulators pledge oversight for fair, affordable power.
Lady Upgrades Solar Batteries After N1.5m Monthly Diesel Bill
A Nigerian woman with a large mansion has upgraded her solar batteries after revealing she spent N1.5 million monthly on diesel despite having solar power for six years.
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Nigeria Needs $100 Billion to Solve Power Crisis, Says FG
Power Minister Adebayo Adelabu discloses Nigeria requires over $100 billion in public and private investment to achieve reliable 24/7 electricity, citing gas shortages and infrastructure gaps.
Six Fuel Importers Licensed to Rival Dangote Refinery
The NMDPRA has approved six marketers to import petrol, challenging Dangote Refinery's 92% market share. This move aims to enhance distribution flexibility and stabilize prices amid supply concerns.
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Power Minister Apologizes for Blackouts, Promises Fix
Minister of Power Adebayo Adelabu has formally apologized to Nigerians for persistent electricity outages, attributing them to gas shortages and pledging restoration within weeks.
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Power Minister Apologizes for Blackouts, Details Fix Timeline
Power Minister Adebayo Adelabu has publicly apologized for widespread electricity outages in Nigeria, citing gas pipeline issues. He announced a two-week timeline for improvements and new monitoring committees to enforce gas supply obligations.
FG Sets 14-Day Plan for Stable Electricity Nationwide
Nigeria's Federal Government has announced a fresh 14-day timeline and targeted strategies to address persistent electricity challenges, aiming for stable power supply and 6,000MW generation by 2026.
Fuel Prices Cut Below Dangote's Rate in Nigeria
Petroleum depots in Nigeria reduce petrol and diesel prices, undercutting Dangote Refinery's benchmarks, providing short-term relief to marketers and consumers amid market volatility.
Rockefeller Surpasses $100M for Africa Energy Access
The Rockefeller Foundation and Global Energy Alliance have doubled funding to over $100 million for Mission 300, aiming to connect 300 million Africans to electricity by 2030, targeting poverty reduction and clean energy.
New Fuel Station Opens in Eket to Ease Supply Constraints
Pivot Energy has commissioned a new petrol station in Eket, Akwa Ibom State, aiming to relieve persistent fuel access issues and support growing economic activity in the region.
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Adelabu Apologizes for Power Outages, Pledges 14-Day Recovery
Power Minister Adebayo Adelabu has publicly apologized for persistent outages, citing gas supply issues, and promises improvements in electricity supply within two weeks.
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