Nigeria’s gas production rose to 7.93 billion cubic feet per day (bcf/d) in May 2026, representing a 0.63% year-on-year increase from the 7.88bcf/d recorded in the corresponding period of 2025. According to the Nigerian Upstream Petroleum Regulatory Commission, a breakdown of May’s production data shows that Associated Gas (AG) accounted for 3.96bcf/d, while Non-Associated Gas […]

The Federal Government is set to finally disconnect the presidential villa, Aso Rock, from the national electricity grid and operate on an independent solar power system. This development is a part of the government’s effort to curb what it describes as an unsustainable annual energy bill of about 47 billion naira. Earlier this year, State […]

Cross River Governor, Senator Bassey Otu, has unveiled 100 electric vehicles as part of a shift to encourage clean-energy transportation and a renewed commitment to strengthening the public service architecture. Otu, who presented 36 electric vehicles to Permanent Secretaries in the State’s civil service, said the gesture aims to dignify public service, improve governance efficiency, […]

Nigeria plans to expand its electricity generation capacity to 209,000 megawatts by 2050, especially with 53 large-scale renewable solar power projects valued at about $11bn underway, according to a report by IIR. The projects aim to strengthen Nigeria’s energy mix and improve electricity access, particularly in underserved communities, and are expected to make a huge […]

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has fixed Friday, June 12, 2026, as the deadline for prequalified applicants to submit technical and commercial bids in the country’s ongoing 2025 Licensing Round. The commission disclosed this in a notice posted on its official X handle on Tuesday, urging all qualified bidders […]

Dangote Petroleum Refinery has been valued at $39.1 billion in a private placement where it is seeking to raise about $1 billion. According to an Information Memorandum, the refinery is offering 3 billion ordinary shares at $0.35 per share to investors. The minimum share subscription is pegged at a million shares, totalling $350,000, with additional […]

The Federal Government, through the Rural Electrification Agency (REA) in collaboration with the World Bank, has secured nearly $100 million in funding for mini-grid projects across the region. Minister of Steel Development, Prince Shuaibu Abubakar Audu, made the disclosure over the weekend while performing the groundbreaking ceremony for a 20-megawatt mini-grid power project in Egume, […]

Seplat Energy has announced the appointment of business tycoon Tony Elumelu as the next Chairman of the company, effective January 2027. The appointment was disclosed in a notice filed on the Nigerian Exchange Limited (NGX) on Tuesday and signed by the company secretary, Edith Onwuchekwa. Engr. Effiong Okon was also announced as the company’s new […]