Energy

DisCos generated N220.93bn in August — NERC

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity distribution companies (DisCos) generated N220.93 billion in August 2026. The…

15 hours ago

NNPC to resume oil exploration in Borno

The Nigerian National Petroleum Company (NNPC) Limited has expressed readiness to fast-track the resumption of oil exploration in Borno State.…

1 day ago

FG clears N1.2trn debt, targets 19,000MW electricity supply

The Federal Government has paid N1.2 trillion of Nigeria’s N2.3 trillion outstanding power sector debt to ease liquidity pressures and…

1 day ago

Oil prices fall as Middle East peace hopes offset supply concerns

Oil prices fell on Thursday, October 29, 2026, as hopes for peace talks took the edge off renewed concerns over…

1 day ago

Oil price rises to $116/barrel over fresh Houthi attacks

Oil prices extended gains on Tuesday, October 27, 2026, as renewed Houthi attacks on Saudi Arabia highlighted persistent risks. Brent…

3 days ago

Again, FG rules out petrol subsidy return, vows to sustain economic reforms

The Federal Government says it will sustain its economic reforms and will not return to petrol subsidy. The Minister of…

4 days ago

Oil prices fall as hopes for US-Iran de-escalation grow

Oil prices fell on Monday, October 26, 2026, after surging last ‌week to near six-month highs, amid hopes of easing…

5 days ago

Nigeria’s gas reserves rise to 215.29trn cubic feet

Nigeria’s gas reserves increased from 208.83 (TCF) trillion cubic feet in 2023 to 215.29 (TCF) as of January 2026. The…

1 week ago

FG targets 24-hour power supply to boost economy

The Federal Government says it is targeting 24-hour electricity supply in three energy zones across Nigeria to boost industrial activities…

1 week ago

Dangote unveils $50bn Africa investment plan, vows to tackle continent’s energy deficit

The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, says the company has earmarked $50 billion for investments…

1 week ago

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