In the News

KEY POINTS Nigeria’s electricity sector recorded a modest improvement in metering coverage at the end of 2025, even as millions of consumers remain without meters and continue to face estimated …

KEY POINTS Nigeria’s electricity distributors installed more than 109,000 prepaid meters in December 2025, marking another step in the country’s slow effort to reduce estimated billing and improve transparency in …

KEY POINTS Nigeria can unlock large scale industrial growth through its vast natural gas reserves if it fixes long standing problems around regulation, pricing and infrastructure, a senior Shell executive …

KEY POINTS Oando Energy Resources has reaffirmed its commitment to Nigeria’s indigenous upstream oil and gas sector, following a strategic visit by Adegbite Falade, Chairman of the Independent Petroleum Producers …

KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …

KEY POINTS MRS Oil Nigeria Plc announced a sharp increase in petrol prices at its retail outlets, raising the cost of Premium Motor Spirit to nearly N975 per litre. The …

KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has ordered all electricity distribution companies to pay customers N20.33 billion in outstanding meter reimbursements. The directive, effective March 1, 2026, requires …

KEY POINTS Africa’s richest businessman, Aliko Dangote, has signed off on a fleet deal that could reshape heavy duty transport across Nigeria. The president of the Dangote Group has ordered …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …