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 […]

The Lagos State Electricity Regulatory Commission (LASERC) says 38 companies were operating in the state without applying for the licence and necessary regularisation despite repeated directives, The PUNCH reports. According to the Commission, some of the firms include MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel Mills Nigeria Limited, and Lekki Port LFTZ […]

The Nigerian Electricity Regulatory Commission (NERC) has sustained its routine Compliance Peer Review Meetings, reiterating its commitment to enforcing regulatory standards and maintaining zero tolerance for non-compliance among licensees in the Nigerian Electricity Supply Industry (NESI). The Commission reiterated this at a meeting with participants, regulatory and compliance officers from across the power sector, chaired […]

The Nigerian Electricity Regulatory Commission (NERC) says it would compensate eligible Band A customers who were affected by “significant generation shortfalls” caused by inadequate gas supply and vandalism of critical gas and transmission infrastructure, between February and March 2026. In a statement released on Thursday, the commission prepaid customers will receive compensation through token credits, […]

The Nigerian Electricity Regulatory Commission (NERC) says Nigerians can now sell surplus energy to the grid under the “Net Billing Arrangement.” The commission made this disclosure in a statement issued on Wednesday. It notified “electricity consumers, distribution companies, renewable energy developers, commercial and industrial customers, and the general public of the commencement of the Net […]