The Federal Government has raised approximately N1.23 trillion as part of efforts to address outstanding debt in Nigeria’s power sector, according to Minister of Power Joseph Olasunkanmi Tegbe. Tegbe made…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned beneficiaries of gas-flare site awards that they risk losing their concessions if they fail to demonstrate meaningful progress in utilising the…
Global oil prices have risen further as uncertainty surrounding a possible agreement over the Strait of Hormuz continues to weigh on energy markets. The Strait of Hormuz is one of…
The Federal Government has announced plans to begin the gradual removal of electricity subsidies from 2027, as part of a sweeping reform aimed at reducing the mounting financial burden in…
Former Vice President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar has claimed that President Bola Tinubu’s latest electricity reform direction mirrors a decentralised power strategy he proposed more…
Independent petroleum marketers have called on the Federal Government to restore import licences for fuel marketers while projecting that the pump price of Premium Motor Spirit (PMS) could fall below…
Federal authorities are seeking coordinated measures to tackle LPG hoarding, diversion and rising cooking gas prices. The Federal Ministry of Petroleum Resources has convened an emergency stakeholders’ meeting involving the…