By Seun Ibiyemi The Rural Electrification Agency (REA) has opened its operations to a comprehensive system study and review by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), as part of efforts to strengthen accountability, transparency and institutional effectiveness. The review followed an initiative by the REA to invite the anti-corruption commission to…
…Project targets 300m standard cubic feet of gas daily By Seun Ibiyemi Nigeria has moved to unlock a gas resource discovered more than five decades ago as the $800 million Ima Gas Project reached Final Investment Decision (FID), in a development the Federal Government says could strengthen gas supply, industrial production and investment in the…
By Seun Ibiyemi Nigeria’s electricity sector recorded a total available generation of 5,403.3 megawatts (MW) on Tuesday, with 4,379.07MW successfully delivered to electricity distribution companies (DisCos) across the country. The figures were contained in the Daily Load Allocation Table released by the National Control Centre (NCC). The allocation data showed that Abuja Electricity Distribution Company…
The Nigeria Sovereign Investment Authority (NSIA) has taken a major step towards expanding private investment in Nigeria’s distributed renewable energy sector with the commercial launch of a $300 million investment fund. The Nigeria Distributed Renewable Energy Fund, co-managed by NSIA and Africa50, is designed to channel capital into mini-grids, standalone solar systems and other distributed…
By Seun Ibiyemi The Federal Government has ruled out any plan to increase electricity tariffs, saying its priority is to improve power supply and address structural challenges affecting the sector. The Minister of Power, Joseph Tegbe, disclosed this on Monday at a media parley in Abuja, where he assured electricity consumers that the administration was…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to revoke non-performing oil licences awarded under recent bid rounds, warning operators to fulfil their statutory work obligations or risk losing their assets. The regulator said the affected operators have until October 31 to demonstrate compliance with their approved work programmes under the “Drill-or-Drop” policy established…
By Seun Ibiyemi Industries and commercial businesses operating within the Idu Industrial Zone in Abuja are set to receive 24-hour electricity supply following the commencement of a 50-megawatt electrification project. The project is a partnership between Welbeck Electricity Distribution Limited, Abuja Electricity Distribution Company (AEDC) and Shell Gas Limited, aimed at providing reliable electricity to…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is targeting up to $10 billion in additional investment in Nigeria’s gas sector through the Midstream and Downstream Gas Infrastructure Fund (MDGIF). The NMDPRA Chief Executive Officer, Rabiu Abdullahi Umar, disclosed this on Wednesday during a panel session at the 2026 Gastech Conference in Bangkok, Thailand….
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria could have faced a severe economic crisis if the petrol subsidy regime had continued. Lokpobiri said the subsidy placed an enormous financial burden on the Federal Government while providing limited benefits to the majority of Nigerians. The minister spoke at the…
By Seun Ibiyemi The Federal Government has included Ikom in a N12 billion intervention fund for power restoration projects across the country, following prolonged blackout caused by the collapse of transmission infrastructure serving the Cross River State community. The Minister of State for Industry, Senator John Owan Enoh, disclosed this after a working meeting with…
