By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has introduced the Mini-Grid Regulations 2026 to expand electricity access, particularly in underserved and unserved communities across the country. The commission disclosed this in a statement released on its official X platform on Monday, noting that the new framework provides comprehensive guidelines for the development, operation…
By Seun Ibiyemi The Federal Government has announced an increase in electricity generation from 3,951 megawatts (MW) to 4,300MW between March 28 and April 10, attributing the improvement to enhanced gas supply to thermal power plants. The development was disclosed in a statement by Bolaji Tunji, Special Adviser to the Minister of Power on Strategic…
By Seun Ibiyemi Nigeria’s crude oil and condensate production declined to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited recorded a significant increase in revenue remittances to the Federation Account. According to the company’s February Monthly Report Summary, statutory remittances rose sharply to…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has strongly criticised the World Bank over its recent recommendation that Nigeria should increase the importation of petroleum products and food to address supply-side constraints. In a statement issued on Sunday by the Chief Executive Officer of CPPE, Dr. Muda Yusuf described the…
By Seun Ibiyemi A recent intervention by the Benue State Government to restore electricity in parts of Makurdi has reignited debate over Nigeria’s 2013 power sector privatisation, with calls for urgent reforms and stricter accountability for distribution companies. In a public statement, energy expert Nick Agule commended the state government’s efforts to restore power to…
By Seun Ibiyemi Global energy giant ExxonMobil has unveiled plans to invest billions of dollars in deepwater oil and gas projects in Nigeria, citing improvements in the country’s investment climate. The company disclosed this during a visit to the headquarters of the Nigerian Upstream Petroleum Regulatory Commission in Abuja as part of activities marking 20…
The Federal Government has inaugurated a Gas-to-Power monitoring committee as part of renewed efforts to address persistent gas supply challenges affecting electricity generation in Nigeria. Minister of Power, Adebayo Adelabu, described the move as a decisive step toward resolving one of the most critical constraints in the Nigerian Electricity Supply Industry (NESI). Speaking at the…
By Seun Ibiyemi Nigeria’s power generation sector recorded significant underperformance in March 2026, with only 30 per cent of installed electricity capacity available for dispatch, according to the Nigerian Electricity Regulatory Commission. Data from the commission’s March 2026 Operational Performance Factsheet showed that just 4,089 megawatts (MW) out of the total installed capacity of 13,625MW…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the recent regulatory reforms have unlocked over $10 billion in new investments in Nigeria’s upstream oil and gas sector. Chief Executive of the commission, Oritsemeyiwa Eyesan, disclosed this on Thursday in Abuja at the Society of Petroleum Engineers Nigeria Council’s Oloibiri Lecture…
…NISO cuts N8b monthly transmission losses to 7.05% By Seun Ibiyemi A report by the Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigerian consumers defaulted on electricity payments exceeding ₦63.46 billion to Distribution Companies (DisCos) in January 2026. This is even as Nigerian System Operator (NISO) revealed that it has reduced transmission losses which…
