Category : Search result: energy cost Nigeria


Heirs Energies Doubles Oil Production to 50,000 BPD

Tony Elumelu's Heirs Energies has doubled crude oil production to over 50,000 barrels per day in five years, reviving 100 wells and boosting gas output. Discover how this achievement strengthens Nigeria's energy security.

Diabetes Deaths Soar as Drug Costs Spike 300% in Nigeria

Over 11.4 million Nigerians battle diabetes as a 300% surge in drug costs forces patients to ration medicine or use herbs. Experts warn of rising amputations and 40,000 yearly deaths, calling for a state of emergency. Read the full investigation.

N1.98bn Budgeted for Aso Rock Generator Fuel in 2026

The Presidency plans to spend N1.98 billion on fuelling State House generators this year, mirroring Nigeria's severe power supply crisis. Businesses are shutting down as costs soar. Read the full analysis.

Tinubu Hails Otedola, Elumelu for Landmark Energy Deals

Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.

Energy Emerges as Decisive Factor in Global AI Race

The global AI race is pivoting from chips to energy. With data centres demanding massive power, reliable electricity is now the key advantage. See how the US, China, and Europe are positioned.

Lady Switches to Solar, No More Blackouts

Nsikak Effiong spent N800k on fuel before installing solar. She now enjoys 24/7 power, gave away her power bank, and says it's the best decision ever.

2026 Nigeria Economy: 3 Trends to Watch

Experts forecast a year of adjustment for Nigerians in 2026, defined by a tighter FX market, rising living costs from fiscal reforms, and rapid digital finance growth. Learn how these trends will impact daily life.

New Tariffs to Make Nigeria's Ports 55% More Expensive

Maritime stakeholders warn that a new tariff hike approved by the Nigerian Shippers' Council will make doing business at Nigerian ports 55% costlier than other West African ports, contradicting government's cost-reduction goals.

NIPCO to Boost Stake in Savannah Energy to 26.5%

Savannah Energy ends its share buyback, freeing £10m. NIPCO plans to increase its stake to 26.5% via secondary market deals. A new relationship agreement aims to protect minority shareholders. Read the full details.

NIPCO saves N44m yearly with solar at fuel stations

NIPCO Plc has cut energy costs by N44.4 million annually after switching three fuel stations to hybrid solar power. The move eliminates grid reliance and reduces carbon emissions. Discover how renewable energy is transforming Nigeria's retail fuel sector.

Man Builds 4-Bedroom House, Shares N45M Budget

A young Nigerian man's journey from nothing to building his own 4-bedroom bungalow has inspired many. He reveals the budget and shares his story of faith and hard work. Read his testimony and see reactions.

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