The Federal Government and the Lagos State Government have established joint committees to address electricity supply challenges and work towards achieving 24-hour power supply in Lagos. The state will serve as a pilot for wider power sector interventions. The announcement was made at the Ministerial Implementation Retreat on the Clean Lagos Electricity Market, held at […]

Nigeria’s electricity distribution companies (DisCos) collected ₦603.64bn from customers in Q2 2026, even as the volume of electricity they received from the power market declined, according to the latest report from the Nigerian Electricity Regulatory Commission (NERC) Average power offtake by the DisCos fell by 3.4%, from 3,309.48MWh/h in Q1 to 3,197.03MWh/h in Q2. Despite […]

The global energy system may need to move much faster towards renewable electricity as countries increase their use of electricity across buildings, transport and industry, according to the International Renewable Energy Agency (IRENA). Under IRENA’s revised 1.5°C scenario, electricity’s share of global final energy consumption would need to rise from 23% today to 35% by […]

Nigeria has 13,625 MW of installed electricity generation capacity. So why does the country still struggle to provide reliable electricity to households, businesses and industries? The answer is buried in the gap between what Nigeria has installed and what its electricity system can actually make available, move and deliver. In April 2026, only 4,286 MW […]

Nigeria’s petrol supply market shifted further towards domestic refining in August, even as the Dangote Petroleum Refinery ended the month with 630.9 million litres of refined petroleum products in stock. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that the refinery’s closing inventory included 360.4 million litres of petrol, 137.2 million […]

Nigeria has launched a $300 million Distributed Renewable Energy (DRE) Fund aimed at expanding electricity access through mini-grids, standalone solar systems and other off-grid power solutions. The fund, jointly managed by the Nigeria Sovereign Investment Authority (NSIA) and Africa50, has now moved from the planning and structuring stage into commercial operations and capital deployment. The […]

Tetracore Energy Group is expanding its presence in Nigeria’s power sector after its subsidiary, Tetracore Power Company Limited, secured a power generation and distribution licence in Edo State. The licence was granted by the Edo State Government through the Edo State Ministry of Power after Tetracore Power completed the required regulatory and statutory requirements. The […]

Nigeria’s electricity regulator is tightening how Distribution Companies (DisCos) can use part of the revenue they earn, with more funds now expected to go towards upgrading and expanding electricity distribution infrastructure. The Nigerian Electricity Regulatory Commission (NERC) introduced the measure through Order NERC/2026/062A, which took effect on September 4, 2026. The revised order followed an […]