Tegbe secures Chinese commitment to Nigeria’s power sector
Minister of Power, Joseph Tegbe, has secured fresh commitments from leading Chinese power engineering...
Energy
NUPRC moves to revoke idle flare gas permits
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned companies awarded flare gas sites...
Petrol imports jump 989% to N952bn as domestic supply falters
Nigeria’s petrol import bill surged almost 11-fold to N952.15 billion in the second quarter of 2026, exposing...
NNPC profit slumps N256bn to N279bn as July oil output, sales fall
The Nigerian National Petroleum Company Limited (NNPC Ltd) suffered a sharp reversal in earnings in...
Africa’s 600m without power makes continent key to global energy security-Tegbe
Africa is emerging as a decisive battleground in global energy security, with about 600 million people...
IEA sees oil demand surge 2.4mbpd in 2027 as global supply crisis bites
Global oil demand is projected to rebound by 2.4 million barrels per day (mb/d) in...
Tegbe pledges steady power to industries as 100MW supply gap triggers probe
The Federal Government has pledged to sustain electricity supply to major industrial users along the 132kV...
FG probes N120bn power loss as 100MW vanishes on Ikorodu–Mobile corridor
The Federal Government has launched a high-level investigation into up to 100MW of unaccounted electricity and...
RAMCO targets private capital to revive Nigeria’s renewable power assets
The Rural Electrification Agency (REA) is repositioning the Renewable Asset Management Company (RAMCO) to attract private capital...
Savannah Energy revenue rises 10% to $160.6m as Nigeria cash collection hits $247.9m
Savannah Energy Plc increased revenue 10 per cent to $160.6 million in the first...
