President Bola Ahmed Tinubu has signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, which, according to him, is geared towards providing “clear and predictable terms for a new generation of deep offshore investment in Nigeria.” The president made this disclosure on Tuesday in a statement signed by him. The statement […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said Dangote Refinery accepted 52.6 million barrels of the 68.1 million barrels offered to it. Eniola Akinkuotu, Head, Media and Corporate Communications, NUPRC, made the disclosue on Monday in its Q2 2026 statistics on the enforcement of the Domestic Crude Supply Obligation (DCSO) in accordance with the provisions of Section 109 of the Petroleum […]

The Nigerian Electricity Regulatory Commission (NERC) has sacked the board of Kaduna Electricity Distribution Plc (KAEDC) due to the company’s continued failure to meet its N456.5bn market obligation and its prolonged financial and operational challenges. According to The Punch, the regulator also appointed an interim board of special directors and directed the commencement of a […]

The Rural Electrification Agency (REA) is set to add a cumulative 60.82 megawatts of renewable power into the national grid following the rollout of decentralised mini-grid projects across the country, The Punch reports. The milestone was reached on Wednesday with the groundbreaking of a 13.92-megawatt-peak interconnected hybrid solar project in Yobe State. This project brings […]

The Federal Government has approved a financing framework to fast-track the electrification of at least 30 per cent of health facilities across the country by the end of 2027, with the provision of reliable 24-hour electricity, The Guardian reports. Minister of State for Health and Social Welfare, Dr Adekunle Salako made the disclosure at the third meeting of […]

Delta State on Tuesday unveiled plans to establish a Delta State Electricity Regulatory Commission and a Delta State Rural Electrification Agency as part of its roadmap to unlock nearly 3,000 megawatts of installed electricity generation capacity. Uche Okafor, Consultant to the Delta State Government on Electricity Market Development, who unveiled the roadmap at the Delta […]

The Federal Government says the country is working towards ending crude oil exports as Nigeria expands its refining capacity and seeks to transform into a major hub for refined petroleum products in Africa. Rabiu Umar, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed this on Monday at the 49th […]

Residents of the Ring-fence Area of Aba, covering nine of Abia State’s 17 local government areas, were plunged into darkness on Friday evening due to an abrupt disruption in natural gas supply to the 188-megawatt Geometric Power Plant at the Osisioma Industrial Layout. According to The Vanguard, the blackout began around 6:30 p.m., and halted […]