Energy

Dangote Refinery imports 10 million barrels of crude monthly from US, others at high cost – Aliko Dangote

July 23, 2025

EFCC arraigns oil magnate, Philip Eze, company over alleged N63m AGO fraud in Abuja

July 22, 2025

Oando plans fresh N500 billion capital raise via 10 billion share issuance, outlines additional funding strategies

July 22, 2025

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Energy

Oil & Gas and Power Sector related news

FG announce extension of suspension of new electricity tariff by 1 week

FG says no electricity tariff increase for poor, vulnerable Nigerians, gives conditions for increase

August 27, 2020

DISCOs have been given conditions under which electricity tariffs can be reviewed and increased.

FG to establish Infrastructure company for critical investments in projects, Survival Fund: FG changes website due to operational challenges, FG orders Nigerians with bank accounts to fill, submit Self-Certification forms, Buhari orders payment of stranded NDDC scholarship students, commision gives reason for delay, President Buhari Democracy Day speech

Buhari stops estimated billings as he directs mass metering of electricity consumers

August 27, 2020

NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.

The Nigerian Electricity Regulatory Commission (NERC), National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt, Electricity Tariff: FG, electricity stakeholders to work on equitable rate , Power: NERC applies "brakes" on hike in tariffs, NERC to sanction 7 DisCos over uncapped estimated billing

President Buhari reportedly approves electricity tariff increase from September 1st 2020

August 26, 2020

Electricity Tariff hike is set to go live on September 1, 2020.

PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

Electricity: FG approves one year waiver of import levy on meters

by William Ukpe

August 26, 2020

The new regulations would be in line with its commitment to support Nigeria’s electricity reforms.

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

NNPC reveals survival strategies to cope with oil sector downturn and new normal

August 25, 2020

Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.

CBN moves to ring-fence Disco collections

August 25, 2020

The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be...

There is fuel in the country but it is in the wrong locations – Mele Kyari

NNPC: Details of June Financial and Operations Report

August 24, 2020

The report indicated that petroleum receipts for the month reflected crude oil earnings of $230.65 million

Controversy trails Timipre Sylva’s resignation as Minister of State for Petroleum

FG to establish petroleum depot, oil and gas logistic centre in Akwa Ibom

August 23, 2020

The Minister announced approval for a partnership deal for the establishment of a petroleum depot by the NNPC.

Nigeria-Siemens power deal get N61 billion allocation

Siemens’ $2 billion power deal to save Nigeria over $1 billion annually – FG

August 20, 2020

Siemens will provide general technical training for employees of DISCOs, TCN, and regulators.