As the government struggles to address the problem, many households are finding their own ways to cope, reports TOYE FALEYE. The Price Surge Cooking gas prices in Nigeria have shot …
NigeriaEnergy
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Energy
GenCos Welcome ₦501bn Bond, Boost Confidence in Power Sector Reforms
by Toye Faleyeby Toye FaleyeLagos: Power Generation Companies (GenCos) say the successful N501 billion bond issuance in January signals rising investor confidence in the Federal Government’s Presidential Power Sector Financial Reforms Programme (PPSFRP). The …
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Abuja: President Bola Tinubu has approved a N3.3 trillion payment plan to clear long-standing power sector debts. The plan follows a final review of debts affecting Nigeria’s power sector over …
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Abuja: Nigeria has 31.09 billion barrels of crude oil and 5.92 billion barrels of condensate, totalling 37.01 billion barrels, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reports. The NUPRC Chief …
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Ibadan: The Oyo State Electricity Regulatory Commission has said that no fewer than 30 investors have expressed interest in partnering with the state in establishing its independent power project. The …
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Gas shortages cripple Nigeria’s grid, leaving families, businesses, and communities in Lagos, Ogun, and Abuja struggling to survive in the shadows. TOYE FALEYE reports. A Nation Wakes to Silence On …
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PIA’s Drill-or-Drop Rule Ends Two Decades of Licence Squatting, Opens Door to Annual Bid Rounds Abuja: The Nigerian Upstream Petroleum Regulatory Commission has declared an end to the era of …
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Abuja: President Bola Tinubu has appointed Fola Adeola, co-founder of Guaranty Trust Bank, to chair a new Presidential Petroleum Reform and Value Optimisation Task Force tasked with unlocking up to …
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Awka: Anambra-owned FirstPower Electricity Distribution Company (FpEDC) has asked customers to bear with it over poor power supply, stating the issue is beyond its control. FpEDC made the appeal in …
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Energy
Nigeria Suspends Petrol Import Licences, Backs Local Refining Drive
by Toye Faleyeby Toye FaleyeLAGOS: Nigeria has suspended gasoline import licences for a second month, supporting domestic refining under the Petroleum Industry Act (PIA). No licences were issued in February, and none have been …
