Category: Newsroom

Abuja Electricity Distribution Plc (AEDC), a key player in Nigeria’s electricity distribution sector, has successfully transitioned into a holding company (HoldCo) structure. This strategic restructuring aligns with the provisions of the Electricity Act 2023, which empowers state governments to establish independent electricity markets and regulatory commissions. The shift enables AEDC to enhance operational agility, strengthen […]

Coronation Group’s latest outlook, which projects Nigeria’s crude oil production stabilising at 1.7 million to 1.8 million barrels per day (bpd) in 2026—well below the Federal Government’s ambitious 2.5 million bpd target set by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Coronation Group, a leading Nigerian financial services firm offering investment management, wealth advisory, insurance, […]

Federal Government of Nigeria’s recent proposal to broaden electricity exports to additional neighbouring countries through the West African Power Pool (WAPP). This initiative, aimed at boosting regional energy integration, has reignited a longstanding national debate: whether Nigeria should prioritise exporting power amid persistent domestic supply challenges. Nigeria currently supplies electricity to Benin, Togo, and Niger […]

Nigeria’s Minister of Power, Chief Adebayo Adelabu, has announced significant progress in the country’s electricity sector over the past two years, positioning Nigeria as a potential pillar for regional energy security in West Africa. Speaking at the West Africa Energy Cooperation Summit organised by EnergyNet in Ghana, the Minister detailed key achievements under the President […]

In a significant move to accelerate Nigerian content development, the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Nigerian Export-Import Bank (NEXIM) has released $42 million in working capital and project financing to indigenous Small and Medium Enterprises (SMEs) operating in the oil and gas industry. The facility, which exceeds the original […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened the 2025 Licensing Round, offering 50 high-potential oil and gas blocks across onshore, shallow water, deepwater, and frontier basins in a bid to attract approximately $10 billion in new investments and add up to 400,000 barrels per day of crude oil production. Speaking at the […]

Chevron has further solidified its long-standing global alliance with TotalEnergies through a new deepwater acquisition in Nigeria, marking another milestone in the two energy giants’ expanding cooperation. Star Deepwater Petroleum Limited, a Chevron affiliate, has entered into a definitive agreement to acquire a 40% working interest in Petroleum Prospecting Licenses (PPL) 2000 and PPL 2001 […]

Dangote Petroleum Refinery has pledged to deliver 1.5 billion litres of Premium Motor Spirit (PMS) to the Nigerian market in both December 2025 and January 2026, with supplies increasing to 1.7 billion litres in February 2026. The initiative, equivalent to 50 million litres per day starting 1 December 2025 (rising to approximately 60 million litres […]

As the world races toward net-zero emissions, Africa controls over 30% of the planet’s critical minerals (cobalt, lithium, manganese, graphite and rare earth elements) essential for batteries, electric vehicles, wind turbines and solar panels. Yet, decades of raw material exports have delivered limited prosperity to the continent.   At the Africa Climate Summit 2025, held […]

The Liberia Electricity Regulatory Commission (LERC) has officially amended the Distribution License of the Liberia Electricity Corporation (LEC), authorizing the utility to extend its grid and services into new communities across portions of Grand Bassa, Rivercess, and Bong counties. The amended license, formally presented on November 25, 2025, represents a key milestone in the national […]