By Seun Ibiyemi The Federal Government has dismissed reports of an imminent electricity tariff increase, assuring Nigerians that its immediate priority is to improve power supply through expanded metering, enhanced electricity generation and critical investments in transmission infrastructure. The Minister of Power, Joseph Olasunhanmi Tegbe, disclosed this on Friday during a media stakeholders’ session in…
The Transmission Company of Nigeria (TCN) has dismissed claims by power generation companies that weaknesses in the national grid are responsible for Nigeria’s persistent electricity shortages, insisting that official industry data show inadequate power generation—not transmission—is the primary cause of the country’s supply deficit. The transmission company was reacting to a report published by THISDAY…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has deployed more than 1,000 young professionals into its workforce following the successful completion of a one-year internship, intensive training and performance evaluation programme. The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, announced the development in a post shared on the company’s…
By Seun Ibiyemi Nigeria LNG Limited (NLNG) has generated more than $150 billion in cumulative revenue and remitted over $10 billion in taxes to the Federal Government since commencing operations 37 years ago, reinforcing its position as one of Nigeria’s largest corporate contributors to public revenue. The company’s Managing Director and Chief Executive Officer, Adeleye…
Petrol depot prices fell across Nigeria’s major fuel distribution hubs on Tuesday as marketers implemented fresh price cuts of up to ₦23 per litre, reflecting intensifying competition in the downstream petroleum sector amid improved product availability. An analysis of the mid-day depot price report showed that marketers across Lagos, Warri, Calabar and Port Harcourt either…
By Abba Aliyu For the first time in our modern history, Nigeria is no longer on the global energy map simply as a case study for grid fragility and power deficits. Today, our nation is being recognized across the continent and beyond as a premier pioneer and leader in renewable energy innovation. While successive administrations…
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), popularly known as petrol, for the second time in less than 48 hours, raising fresh concerns over rising fuel costs. A market survey on Wednesday showed that the state-owned oil company increased the pump price from N1,270 per…
By Seun Ibiyemi The Rural Electrification Agency (REA) has commenced the construction of a 1.5-megawatt interconnected mini-grid project in Pankshin, Plateau State, as part of ongoing efforts to expand electricity access and stimulate economic growth across Nigeria. The groundbreaking ceremony comes on the heels of the recent commissioning of a 50-kilowatt Access to Markets and…
By Seun Ibiyemi Sahara Group has called for a fundamental rethinking of how Africa approaches energy transition, infrastructure financing and energy journalism, urging stakeholders to embrace solutions that reflect the continent’s realities while building the partnerships, institutions and investments required for long-term development. The call formed the central thrust of discussions at the third edition…
…Moves to raise N729bn in fresh power sector bond By Seun Ibiyemi The Federal Government on Tuesday disclosed that it has paid N333bn to eight electricity generation companies under the first phase of its power sector debt settlement programme, as it prepares to raise an additional N729bn to address outstanding liabilities and boost liquidity in…
