The Federal Government and World Bank have unveiled a $500 million Distribution Sector Recovery Programme targeting DisCos nationwide to reduce losses, close metering gaps, and eliminate estimated billing.
PETROAN condemns NNPC GCEO's comments on Port Harcourt Refinery, demands accountability for $1.5 billion rehabilitation funds, and warns against relying on private refineries.
Nigeria's NNPC is in advanced discussions with a Chinese petrochemical company and other investors to revive its four non-operational refineries through equity partnerships.
Electricity workers under NUEE and SSAEAC threaten nationwide strike over salary demands, risking blackout. Power Minister Adelabu urges realism amid revenue constraints.
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NNPC GCEO Bayo Ojulari disclosed at NIES 2026 that political demands forced state refineries to operate despite internal reviews showing unsustainable losses and low efficiency.
Private depot owners across Nigeria are implementing strategic price reductions on petrol to attract customers away from Dangote Refinery, sparking renewed competition in the fuel market.
Nigeria has officially handed over the African Energy Bank headquarters in Abuja, with operations scheduled to commence by June 2026. The bank aims to mobilize capital for energy projects across Africa.
Petrol and diesel prices remain elevated across Nigerian depots despite a 5% decline in international crude oil prices, with supply constraints driving local market dynamics.
The newly established African Energy Bank aims to mobilize $10 billion for strategic energy projects across Africa, with initial focus on Nigeria, Angola, and Libya to unlock stalled developments.
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Nigerian petrol prices fell significantly in December 2025, with Oyo State emerging as the cheapest location for fuel purchases according to NBS data.
Petrol marketers warn Nigerians to prepare for irregular fuel supply due to rising import costs, heavy bank debts, and global oil price pressures that threaten to push pump prices higher.
The Federal Government has directed state governments to begin sharing electricity subsidy costs through the Power Assistance Consumers Fund, replacing blanket subsidies with targeted support.
The Federal Government plans to end its solo funding of electricity subsidies, introducing a cost-sharing framework with state and local governments starting in 2026 to enhance transparency and sector stability.
Latest NBS data shows significant drop in cooking gas prices across Nigeria in December 2025, with Katsina emerging as the cheapest state for both 5kg and 12.5kg cylinders.
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The Transmission Company of Nigeria has scheduled a four-day preventive maintenance exercise at the Ife/Ondo Transmission Substation, causing temporary power outages in parts of Ondo State from February 2-5, 2026.
The Nigerian Meteorological Agency forecasts thunderstorms and rainfall across central and southern regions from Tuesday to Thursday, advising residents to take precautions.
Dangote Industries Limited has signed expanded gas supply agreements with NNPC to power its refinery, cement, and fertiliser plants, supporting cleaner energy and production growth.
Fatgbems Group has commissioned a state-of-the-art mega station in Opic, Ogun State, marking a significant expansion in Nigeria's energy retail sector with job creation and community development.
Independent petroleum marketers and private depots are selling petrol below Dangote Refinery's N799 ex-gantry price and NNPC's increased rates, offering competitive alternatives to consumers.
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Nigerians may face another N200 per liter increase in petrol prices following a surge in global crude oil prices above $70 per barrel, with industry experts warning of potential N1,000 per liter rates.
BURN positions clean cooking as Nigeria's fastest climate solution with health and economic benefits. New carbon policies boost investor confidence while local manufacturing scales access.
Energy expert outlines comprehensive strategy including metering, grid expansion and infrastructure upgrades to address Nigeria's recurring national grid collapses and achieve stable power supply.
The Bureau of Public Enterprises clarifies that while prepaid meters are installed at no upfront cost, consumers ultimately pay through electricity tariffs, amid disputes with DisCos over funding.
Dangote Refinery has resumed petrol loading operations following a brief suspension due to a price increase, forcing marketers to reconcile accounts as ex-depot rates rise by ₦100 per litre.
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Industry leaders and policymakers gathered in Lagos to discuss strategies for accelerating Nigeria's transition to clean cooking solutions, with BURN Manufacturing leading the charge through carbon finance and local production.
The Nigerian National Petroleum Company Limited has adjusted petrol pump prices at its retail outlets nationwide, with Lagos now at N840 per litre and Abuja at N875 per litre.
Dangote Petroleum Refinery has increased Premium Motor Spirit ex-depot price to N799 per litre, requiring marketers to pay extra N100 on processed orders and causing retail price spikes in Abuja.
The Nigerian government has budgeted N7 billion for solar power installation at the Presidential Villa to address electricity challenges and reduce N47 billion annual bills.
itel Energy has launched two new power solutions: the Power Go portable power bank and a 50kW inverter system for commercial use, aiming to address Nigeria's energy challenges.
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The Federal Government has raised N501 billion through bonds to settle historic electricity sector debts, aiming to restore investor confidence and improve power supply for over 12 million customers.
