The Federal Government has launched a high-capacity Compressed Natural Gas (CNG) facility, reaffirming its commitment to deepening gas utilisation and expanding access to cleaner energy through sustained investments in gas infrastructure nationwide. President Bola Tinubu made this known on Friday while inaugurating the Rolling Energy Limited High-Capacity CNG Daughter Booster
The United Nations Conference on Trade and Development (UNCTAD) has pointed out that transitioning to renewable energy will necessitate investments exceeding $1 trillion annually by 2030. This transition poses a significant challenge for developing nations, which find it difficult to meet their climate and energy objectives without increased foreign investment
Transcorp Power Plc one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced a ₦41,250,000 total dividend to its shareholders at the 13th Annual General Meeting, AGM, held at the Congress Hall, Transcorp Hilton Abuja. The total dividend consists of an interim dividend
The Minister of Power, Mr Adebayo Adelabu, says power sector reforms have attracted over two billion dollars fresh investments into the industry. Adelabu said this in Abuja on Thursday during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company (NELMCO). He said that the sector’s revenue
An energy expert, Dr Olukayode Akinrolabu, has blamed Nigeria’s persistent electricity crisis on gas shortages, mounting debts and entrenched systemic inefficiencies. Akinrolabu, a member of the Science and Technology Education Research Group at Lagos State University, spoke with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports
President Bola Tinubu on Friday, inaugurated an 11-member committee to facilitate incorporation of the proposed Grid Asset Management Company Ltd., (GAMCO). The inauguration took place at the State House, Abuja, following the Federal Executive Council’s (FEC) approval for establishment of the company at its Wednesday meeting. The News Agency of
Seplat Energy Plc has reported a 144.2 per cent revenue growth to 2.73 million dollars from 1.12 million dollars recorded in 2024. The company, in a statement on Thursday, said that the significant growth was driven largely by a full year contribution from its offshore assets. Seplat reported profit before
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Dangote Group have forged a renewed strategic alliance designed to accelerate energy security, deepen domestic refining capacity and drive long-term economic prosperity. In a significant move aimed at reshaping Nigeria’s energy landscape, the two companies renewed the alliance on Saturday.
The Nigerian Independent System Operator (NISO) has announced that several major thermal power plants on the national grid will experience reduced gas supply due to scheduled maintenance at a key gas facility. In a statement issued in Abuja on Thursday, NISO said the maintenance exercise would take place from Feb.
In the third quarter of 2025, Nigeria’s electricity companies collected a total of $7.12 million and N3.19 billion from their customers, according to the Nigerian Electricity Regulatory Commission (NERC). According to reports local customers paid their electricity bills on time, with a notable payment rate of 87.61%. They paid a