The Dangote Petroleum Refinery rejected about 15.5 million barrels of crude oil offered by producers in the second quarter of 2026, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). However, the refinery has disputed the claim, challenging the regulator to provide detailed statistics showing the crude volumes allegedly offered and rejected…
By Seun Ibiyemi Nigeria’s upstream oil sector supplied 53.7 million barrels of crude oil in the second quarter of 2026, representing a 97.4 per cent performance rate against the 55.1 million barrels allocated to producers, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown. The reconciled Q2 data covering April to June also…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) and taken regulatory control of the utility following a sharp deterioration in its financial and operational performance. In a regulatory order issued on August 10, 2026, NERC said the intervention was necessary to preserve Kaduna DisCo…
By Seun Ibiyemi Abia State Governor, Dr. Alex Otti, has pledged to partner with the Rural Electrification Agency (REA) to accelerate renewable energy projects across the state, acknowledging that Abia cannot afford to lag behind in renewable energy deployment given its vast potential. Otti made the commitment on Thursday when he received a high-level delegation…
By Seun Ibiyemi Sahara Upstream has appointed Gopi Nath as Director, Oilfield Services, as the energy company moves to strengthen its oilfield services businesses and expand their capabilities across Africa’s upstream sector. Nath will provide strategic oversight for Arahas Global Oilfield Services (Arahas) and SGIR Rigs and Energy Limited (SGIR) as the two businesses pursue…
Dangote Petroleum Refinery has maintained its position as Europe’s largest external supplier of imported jet fuel for the second consecutive month, consolidating Nigeria’s growing role in the global market for refined petroleum products. The refinery disclosed on Thursday that it exported more than 400,000 tonnes of aviation fuel to Europe in July, accounting for about…
By Seun Ibiyemi The Federal Government has commenced the construction of a 13.92 megawatt-peak (MWp) interconnected hybrid solar mini-grid project across five locations in Yobe State as part of efforts to expand electricity access, improve power reliability and stimulate economic activities in the state. The groundbreaking ceremony, held on Wednesday, covered project sites in Damaturu,…
By Seun Ibiyemi Nigeria’s electricity metering rate rose to 59.69 per cent at the end of April 2026 as Electricity Distribution Companies (DisCos) installed 111,654 new meters during the month, according to the latest Metering Status Factsheet released by the Nigerian Electricity Regulatory Commission (NERC). The report showed that the national metering rate improved from…
By Seun Ibiyemi Sahara Upstream has strengthened crude oil evacuation operations at Oil Mining Lease (OML) 18 with the deployment of MT D Adesanya, a 380,000-barrel Medium Range (MR) tanker designed to improve operational efficiency, increase export capacity and support sustainable energy logistics. The vessel, with a storage capacity of more than 62,000 cubic metres…
The Transmission Company of Nigeria (TCN) has dismissed allegations that it spent ₦1.28 billion on solar streetlight projects outside its statutory mandate, insisting that the projects were Federal Government-approved constituency interventions assigned to the company for implementation. In a statement issued over the weekend, TCN described as misleading a report by FIJ alleging that the…
