Aliko Dangote, founder of Dangote Refinery said on Thursday that the company’s initial public offering (IPO) will open in the next 10 to 12 days, according to Reuters. “So our dream is that we want to make sure we double the capacity of the refinery … which will take ​us to 1.4 million barrels per […]

Nigeria could double investment in its energy sector within the next five years, according to International Energy Agency (IEA) Executive Director Fatih Birol, who sees the country’s new relationship with the agency as an opportunity to attract more capital and strengthen its position in global energy markets. Speaking during a visit to Abuja, Birol said […]

Nigeria is positioning its ongoing power sector reforms as a potential model for developing economies looking to strengthen energy security in an increasingly uncertain global environment. Minister of Power Joseph Tegbe made the case at the opening plenary of the 50th Middle East Energy 2026 Leadership Summit in Dubai, where he spoke on “Energy Security […]

Buying a solar system is a big investment, whether it’s for your home or your business. Before you sign any agreement, here are four questions you must ask and what the right answers should sound like. 1. System Sizing and Energy Needs What size of solar system do you recommend, and why? A good installer will […]

Electricity allocations to parts of Lagos, Abuja, and Northern Nigeria have been reduced following a series of transmission-line faults that limited the amount of power that could safely move through the national grid. The Nigerian Independent System Operator (NISO) said the recent reductions were caused by multiple transmission outages and network constraints, rather than a […]

Nigeria’s electricity sector recorded a revenue shortfall of about ₦1.36 trillion in 2025, highlighting one of the biggest financial challenges facing the country’s power industry. According to the Nigerian Electricity Regulatory Commission’s (NERC) 2025 Annual Report, the country’s 11 electricity distribution companies supplied electricity worth about ₦3.68 trillion during the year but billed customers for […]

The Federal Government is targeting 6,500 megawatts (MW) of electricity by the end of 2026, with plans to increase that figure to 8,000MW by the end of 2027 as it pushes to improve electricity supply across Nigeria. Minister of Power Joseph Tegbe announced the targets on August 26 during the launch of the Renewable Energy […]

Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price from ₦1,185 to ₦1,200 per litre, effective August 26, 2026. The latest ₦15 increase is the refinery’s second petrol price adjustment in less than a week. On August 21, Dangote had raised its gantry price from ₦1,165 to ₦1,185 per litre. This brings […]