By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has commenced rehabilitation works on four vandalised towers along the Afam/IPP/Elelenwo 132kV Double Circuit Transmission Line. The affected towers, identified as T50, T51, T52 and T53, were detected on August 6, 2026, by TCN linesmen. Further inspection revealed that critical bracing members had been removed from…
… As Court extends restraining order By Seun Ibiyemi The legal battle between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over propane loading and distribution has intensified, with the regulator raising safety concerns and the refinery accusing it of abusing its powers. The dispute came to a head at…
The Ibadan Electricity Distribution Company (IBEDC) has apologised to Band A customers across Ogun, Oyo and Kwara states after several feeders failed to meet their mandated daily electricity supply hours on Monday. The company attributed the disruptions to technical faults, load shedding, forced outages and disconnections linked to non-payment by customers. In a public announcement…
By Seun Ibiyemi The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has denied allegations of under-remittance of gas flare penalties, saying discrepancies identified in the Auditor-General of the Federation’s 2023/2024 Annual Report on Non-Compliance and Internal Control Weaknesses arose from timing and reconciliation issues. The Fund, a directorate of the Nigerian Midstream and Downstream Petroleum…
By Seun Ibiyemi The Minister of Solid Minerals Development, Dr Dele Alake, has urged Obafemi Awolowo University (OAU), Ile-Ife, to harness its mineral and intellectual resources to establish a world-class centre of mining excellence and reduce its dependence on government funding. Alake made the call during a meeting with a high-powered delegation from the university’s…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is targeting between 300,000 and 600,000 barrels per day (bpd) in additional crude oil production from successive licensing rounds as it seeks to lift Nigeria’s output to three million bpd by 2030. The commission’s Chief Executive Officer, Oritsemeyiwa Eyesan, disclosed this in a recent interview with S&P Global,…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals is targeting 10 million retail investors for its N2.15tn initial public offering, a figure transaction advisers said would be about 20 times Nigeria’s current retail participation record. The offer comprises 4.1 billion ordinary shares of $0.000013 each at N525 per share. It will open on September 14…
By Seun Ibiyemi The Nigeria Independent System Operator (NISO) has announced plans to sanction electricity distribution companies (DisCos) over outstanding obligations owed to the Nigerian electricity market and service providers. The decision followed a four-day public hearing held from September 1 to 4, 2026, during which NISO reviewed the outstanding debts of DisCos and the…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd.) has denied ownership of a truck reportedly intercepted with 2,145 kilogrammes of cannabis concealed in a compartment in Ondo State. In a statement issued on Monday, the company commended the National Drug Law Enforcement Agency (NDLEA) for its vigilance and professionalism in intercepting the…
By Seun Ibiyemi Electricity consumers across Nigeria failed to pay N48.85 billion in electricity bills in June 2026, according to commercial performance data released by the Nigerian Electricity Regulatory Commission (NERC). The 11 distribution companies (DisCos) billed customers N240.71 billion for electricity consumed during the month but collected only N191.86 billion, leaving a substantial gap…
