Category: Newsroom

The Rural Electrification Agency (REA) has reached a major milestone in its mission to close Nigeria’s energy gap, announcing the disbursement of ₦9 billion to fund solar mini-grid projects in Taraba, Kogi, Kwara, and Niger States. This strategic move, confirmed in a statement released on Sunday, April 5, 2026, aims to bring reliable, renewable power […]

As the global energy market grapples with one of the most significant supply disruptions in modern history, OPEC+ has signaled its intent to raise production quotas by 206,000 barrels per day (bpd) for May 2026. This decision, reported by Reuters ahead of the group’s official meeting, mirrors the production increase approved for April. However, industry […]

Nigeria’s upstream sector has recorded a significant victory as crude oil production climbed to 1.84 million barrels per day (bpd). This represents a remarkable 40.5% increase from the 1.31 million bpd recorded in February, signaling a strong recovery for the continent’s largest producer. The figures were disclosed on April 2, 2026, during a high-level meeting […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially released the National Annual Petroleum Reserves position, confirming that Nigeria remains a powerhouse in the global energy landscape. As of January 1, 2026, the nation’s total petroleum reserves stand at 37.01 billion barrels of crude oil and condensate, alongside a substantial 215.19 trillion cubic feet (TCF) […]

The Nigerian downstream petroleum sector is currently navigating one of its most challenging periods as a perfect storm of global volatility and domestic pricing dynamics reshapes the energy landscape. Recent data from industry operators reveals a staggering decline in daily turnover at filling stations across the country. Stations that once averaged daily sales of 10,000 […]

Dangote Group has finalized a strategic $400 million equipment agreement with China’s Xuzhou Construction Machinery Group (XCMG), one of the world’s foremost manufacturers of construction and heavy-duty machinery. This partnership will provide advanced equipment to fast-track the ambitious expansion of the Dangote Petroleum Refinery and Petrochemicals complex. Currently operating at 650,000 barrels per day since […]

Africa’s drive for energy-led development has reached a pivotal juncture with the opening of SAIPEC 2026 in Lagos this week. As the continent’s premier platform for energy dialogue and collaboration, the 10th edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) is convening key stakeholders to accelerate capital mobilisation, foster partnerships, and deliver […]

Nigeria’s electricity supply is set to experience a short-term reduction due to scheduled maintenance at a key gas production facility. The Nigerian National Petroleum Company Limited (NNPC Ltd) announced that Seplat Energy Plc, a major gas supplier to the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, will conduct routine maintenance on its facilities from […]

The Federal Government of Nigeria and the European Union (EU) have reaffirmed their strong partnership to advance the Nigeria Solar for Health Project (NISHP), an initiative deploying clean, reliable solar energy solutions to primary healthcare facilities nationwide. This pledge was highlighted during the third Federal Steering Committee meeting held in Abuja, where Ekiti and Gombe […]

In a strategic move to address persistent electricity supply challenges in Northern Nigeria, the Kaduna Electricity Distribution Company (KAEDCO) and the Niger Delta Power Holding Company (NDPHC) have deepened their collaboration. On 3 February 2026, KAEDCO’s Chairman, Mr. Aminu Suleiman, and Managing Director, Dr. Umar Abubakar Hashidu, led a high-level courtesy visit to NDPHC’s headquarters. […]