Category: Newsroom

Nigeria is asserting a bold, front-row presence in the global energy arena, with homegrown companies emerging as pivotal players shaping the continent’s energy transformation. This powerful message is resonating strongly at the prestigious 2026 Offshore Technology Conference (OTC), underway from May 4–7 at the NRG Park in Houston, Texas. Leading Nigeria’s charge is the Petroleum […]

Nigeria is poised for one of the world’s largest clean cooking transitions after Greenplinth Africa and Allgreen Energy NV signed a major manufacturing agreement backed by a $10 billion investment commitment. The deal, signed on April 28, 2026, in Lagos, will deliver the first 24 million highly efficient clean cookstoves as the initial tranche of […]

The Federal Executive Council (FEC) has approved the immediate constitution of a high-level Presidential Task Force on Power Sector Reform, aimed at accelerating a comprehensive overhaul of Nigeria’s troubled electricity industry. The decision, taken during the FEC meeting on Thursday, April 30, 2026, at the State House in Abuja, underscores the Tinubu administration’s renewed determination […]

Nigeria’s journey toward a decentralized, multi-tier electricity market faces a critical bottleneck: the need for harmonized rules between federal and state governments. In its latest report, “Priority actions for the successful evolution of Nigeria’s multi-tier electricity market,” PwC argues that the success of the Electricity Act 2023 depends on resolving jurisdictional tensions and improving investment […]

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and nominated Rabiu Abdullahi Umar as his replacement, subject to Senate confirmation.  The decision, announced on April 29, 2026, by Presidential spokesman Bayo Onanuga, was taken “in the public interest” under […]

President Bola Ahmed Tinubu has nominated Mr. Joseph Olasunkanmi Tegbe as the new Minister of Power, following the resignation of Chief Adebayo Adelabu from the position. The nomination was announced today in an official statement from the State House, signed by the President’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga. Tegbe’s name has […]

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and nominated Rabiu Abdullahi Umar as his replacement, subject to Senate confirmation. The decision, announced on April 29, 2026, by Presidential spokesman Bayo Onanuga, was taken “in the public interest” under […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has achieved a significant technical milestone with the successful completion of the River Niger Crossing on the 130-kilometre Obiafu-Obrikom-Oben (OB3) gas pipeline project.  Executed using advanced Horizontal Directional Drilling (HDD) technology, the crossing — drilled approximately two kilometres beneath the riverbed between Ndoni in Rivers State and […]

The World Bank Group has committed approximately $8.2 billion to accelerate electricity access across Sub-Saharan Africa as part of the ambitious Mission 300 initiative, a joint effort with the African Development Bank Group (AfDB) aimed at connecting up to 300 million people to reliable power by 2030. Launched in 2024, Mission 300 seeks to halve […]

In a landmark shift for Africa’s largest oil producer, the Dangote Petroleum Refinery has become the dominant supplier of Premium Motor Spirit (PMS), commonly known as petrol, meeting approximately 92% of Nigeria’s domestic requirements as of February 2026. This development has dramatically eased long-standing pressure on fuel imports, marking a historic turning point in the […]