By Seun Ibiyemi The Minister of Power, Joseph Tegbe, has constituted a ministerial committee involving security agencies and power sector stakeholders to tackle the persistent vandalism of electricity infrastructure and improve the reliability of power supply across the country. The committee is expected to develop and coordinate measures to prevent attacks on generation, transmission and…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its petrol sales discount across its retail stations nationwide until October 31, 2026, as the Federal Government seeks to cushion the impact of elevated global crude oil prices on Nigerian households and businesses. The national oil company said the initiative, initially introduced…
…Targets 350,000 new meters By Seun Ibiyemi The Federal Government has stepped up efforts to attract private investment into Nigeria’s electricity sector, identifying accelerated metering, improved gas supply and rehabilitation of existing power infrastructure as priorities for boosting electricity delivery and strengthening market liquidity. The Minister of Power, Joseph Tegbe, disclosed this at the NAEC…
By Seun Ibiyemi The Federal Government has unveiled a fresh package of measures to cushion Nigerians against rising petrol prices, including a proposed N1,350-per-litre ceiling on petrol landing costs and a decision by the Nigerian National Petroleum Company Limited (NNPC) to forgo its retail profit margin for 30 days. The measures, announced by the Minister…
By Seun Ibiyemi Electricity supply to customers connected to the 33kV feeders at the Keffi and Akwanga Transmission Substations has been disrupted following the collapse of three transmission towers along the Karu-Keffi-Akwanga 132kV transmission line corridor. The Transmission Company of Nigeria (TCN) disclosed this in a statement signed by its management on Thursday, saying towers…
By Seun Ibiyemi Nigeria is witnessing a strong return of international investors who previously exited the country in search of more favourable business environments, with improved oil production security, regulatory reforms and clearer investment terms helping to reposition the country as Africa’s leading destination for upstream investment. Vice President Kashim Shettima disclosed this on Tuesday…
By Seun Ibiyemi The Federal Government has announced the 2026 Nigerian oil licensing round, offering 40 blocks across land, shallow water and deepwater terrains as part of renewed efforts to attract investment, increase hydrocarbon production and strengthen Nigeria’s position in the global upstream petroleum market. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive Officer,…
By Seun Ibiyemi Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to intensify efforts to unlock Nigeria’s crude oil reserves, attract investment and create more opportunities for businesses in the petroleum sector. Lokpobiri made the call while reflecting on the achievements of the NUPRC…
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) and DMG Events have strengthened their partnership with the Bayelsa State Government ahead of the 2026 edition of the Practical Nigerian Content (PNC) Forum scheduled for November 30 to December 3, 2026. The commitment was reaffirmed on Tuesday during a strategic engagement between officials…
By Seun Ibiyem The Nigerian Content Development and Monitoring Board (NCDMB) and other agencies under the Ministry of Petroleum Resources have moved to strengthen accountability, operational efficiency and service delivery across the petroleum sector. The renewed focus formed the centrepiece of the 31st Ministerial SERVICOM Networking Quarterly Committee Meeting (MSNQCM), hosted by the NCDMB at…
