KEY POINTS Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, down from 60.2 million litres …
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Energy TransitionIn the News
JEDC Introduces Flexible Debt Repayment Plan to Help Customers Clear Electricity Bills
KEY POINTS The Jos Electricity Distribution Company, JEDC, Plc has unveiled a flexible debt repayment plan designed to help customers gradually settle outstanding electricity bills across its franchise areas. The …
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KEY POINTS The Ekurhuleni Metropolitan Municipality in South Africa could face widespread electricity disruptions after its outstanding debt to power utility Eskom surged to more than R3.4 billion, prompting threats …
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KEY POINTS The Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals, David Bird, has reaffirmed the refinery’s readiness to compete in Nigeria’s petroleum market under an import-parity pricing system, …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, recorded a significant drop in revenue in January 2026, with earnings falling by 47 percent to N2.57 trillion, compared with …
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In the NewsMarketsOil & Gas
Domestic Refining Cannot Fully Shield Nigeria from Global Fuel Price Swings – CPPE
KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …
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In the NewsMarketsOil & Gas
Middle East Conflict May Push Petrol Price to ₦2,000 Per Litre – Marketers Warn
KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has warned that petrol prices in Nigeria could soar to nearly ₦2,000 per litre if the ongoing crisis …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has explained that the recent fluctuations in petrol pump prices across Nigeria are the result of market forces under …
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Energy TransitionIn the News
EKEDC Announces Three-Day Daytime Power Outage in Lekki for Network Upgrade
KEY POINTS The Eko Electricity Distribution Company, EKEDC, has announced a planned three-day power outage that will affect residents and businesses in the Lekki District of Lagos. The electricity distribution …
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KEY POINTS Israeli warplanes on Saturday evening carried out airstrikes on oil storage depots and refining facilities in Iran’s capital, Tehran, according to reports by Israel’s public broadcaster. The attacks …