In the News

KEY POINTS Electricity distribution company Ikeja Electric has attributed the worsening power outages across Lagos to a nationwide decline in electricity generation. The company said the development has significantly reduced …

KEY POINTS Electricity distribution companies have attributed ongoing blackouts across Nigeria to inadequate generation from the country’s hydro power plants. The Chief Executive Officer of the Association of Nigerian Electricity …

KEY POINTS The Federal Government has announced plans to address persistent gas shortages affecting electricity generation, as unstable power supply continues across Nigeria. Minister of Power, Adebayo Adelabu, disclosed that …

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …

KEY POINTS Nigeria’s petrol import bill fell to $10 billion in 2025, a 28.88% drop from $14.06 billion in 2024, according to the Central Bank of Nigeria (CBN). The reduction …

KEY POINTS The Centre for the Promotion of Private Enterprise, CPPE, has raised alarm over Nigeria’s chronic electricity supply issues, estimating that the country loses between N7 trillion and N10 …

KEY POINTS French energy company TotalEnergies and the United States government announced an agreement to redirect nearly $1 billion from offshore wind leases to domestic oil and natural gas projects. …

KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …

KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …

KEY POINTS The Chief Executive Officer of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has defended Nigeria’s continued electricity supply to Togo despite persistent domestic shortages, insisting the country …