Nigerians spent an estimated N11.3tn on Premium Motor Spirit (PMS), popularly known as petrol, between January and July 2026, despite a significant decline in the volume consumed nationwide. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that approximately 10.37 billion litres of petrol entered the domestic market during the seven-month period….
By Seun Ibiyemi Nigeria’s Minister of Education, Dr. Maruf Tunji Alausa, has said the deployment of off-grid solar solutions across educational institutions is improving learning conditions and strengthening the sustainability of university operations. The initiative, being implemented under the Energizing Education Programme (EEP) by the Rural Electrification Agency (REA), is designed to provide tertiary institutions…
The World Bank Group has announced plans to support reforms to Nigeria’s electricity tariff and subsidy frameworks as part of efforts to restore financial sustainability in the country’s power sector. The World Bank disclosed this in its Country Partnership Framework (CPF) for Nigeria covering the 2026–2032 fiscal period. According to the framework, the intervention will…
A fresh increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, is looming as depot prices across major petroleum hubs have surged to as high as N1,290 per litre. The latest development is being driven by rising depot prices and a renewed increase in international crude oil prices, raising concerns…
The Nigerian National Petroleum Company Limited (NNPC) remitted N7.91tn to the Federation Account between January and July 2026, even as crude oil and condensate production declined to 1.68 million barrels per day in July. The figures were disclosed in the company’s July 2026 operational and financial performance report released on Wednesday. NNPC reported revenue of…
By Seun Ibiyemi Nigeria’s Minister of Power, Joseph Tegbe, has urged global investors to deepen their participation in Africa’s energy sector by supporting local processing, manufacturing, skills development and long-term financing rather than focusing solely on the extraction of raw resources. Tegbe made the call on Tuesday at the opening plenary of the Middle East…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that oil and gas operators will not be required to pay the Terminal Navigational Charge (TNC) for helicopter landings at privately owned offshore facilities and petroleum platforms. The clarification followed concerns by upstream operators over the enforcement of a $300-per-landing charge for air…
By Seun Ibiyemi A Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from shutting down or interfering with the operations of the Dangote Petroleum Refinery pending the determination of a substantive suit challenging the regulator’s directive. Justice Akintayo Aluko issued the interim injunction on Monday after…
By Seun Ibiyemi Nigeria’s power sector suffered revenue leakages of about N1.36 trillion in 2025, as electricity distribution companies (DisCos) failed to bill consumers for power worth N694.8 billion and could not collect another N669.5 billion from electricity already billed, according to the Nigerian Electricity Regulatory Commission (NERC). The disclosure was contained in NERC’s 2025…
By Seun Ibiyemi The Federal Government has launched a crackdown on massive electricity theft and commercial losses along the 132kV Ikorodu–Sagamu industrial corridor, with unaccounted power estimated at 100 megawatts and an annual revenue loss of about ₦120 billion. The Minister of Power, Joseph Tegbe, announced the intervention on Friday during a high-level stakeholder meeting…
