In the News

KEY POINTS Nigeria’s electricity grid continued to struggle with low generation availability and unstable system frequency in January 2026, highlighting persistent structural and operational weaknesses in the country’s power sector. …

KEY POINTS Oil marketers have confirmed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has resumed issuing petrol and diesel import licences to prevent fuel shortages. The move …

KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …

KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has been honoured for its groundbreaking contributions to oilfield development at the 9th Nigeria International Energy Summit (NIES) in Abuja. …

KEY POINTS South Africa’s energy regulator, Nersa, has approved higher electricity rate increases for state utility Eskom for the next two financial years after acknowledging errors in its previous calculations. …

KEY POINTS Joachim Adeyemi, a Lagos resident, has been left on estimated electricity billing for two months after reporting a faulty meter to Ikeja Electric. Instead of replacing the outdated …

KEY POINTS The Trans-Saharan Gas Pipeline (TSGP) project is gaining momentum after Algeria, Nigeria, and Niger reaffirmed their commitment to the 2024 gas agreements and are accelerating construction. Officials recently …

KEY POINTS Former Vice President Atiku Abubakar has argued that the Nigerian National Petroleum Company Limited’s (NNPCL) admission that reopening the Port Harcourt Refinery is a waste of resources validates …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigerian National Petroleum Company Limited, (NNPC) have agreed to strengthen collaboration to enhance operational efficiency across Nigeria’s oil and …

KEY POINTS Bayo Ojulari, Chief Executive Officer of the Nigerian National Petroleum Company, NNPC, Limited, has attributed the persistent failure of Nigeria’s state-owned refineries to an overemphasis on financing and …