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Nigeria's metering rate jumps to 63% as unmetered electricity customers drop to 4.7 million

Nigeria, Oct. 16 -- Nigeria's electricity metering rate rose marginally to 63.1 per cent in August 2026 from 62.4 per cent in the preceding month, helping reduce customers without meters to 4.7 millio... Read More


Oil-rich nations must turn fossil fuel wealth into sustainable energy - Expert

Nigeria, Oct. 16 -- A professor of Energy and Environmental Economics at Pan-Atlantic University, Ekundayo Mesagan, has urged Nigeria and other oil-producing countries to transform their fossil fuel w... Read More


Fuel price relief not return to subsidy regime - CPPE

Nigeria, Oct. 14 -- The Centre for the Promotion of Private Enterprise (CPPE) has said the Nigerian Government's fuel price relief initiative through the Nigerian National Petroleum Company Limited (N... Read More


Shell to sell Nigeria's domestic gas business to Vaaris Energy

Nigeria, Oct. 14 -- British energy giant Shell has signed an agreement to sell its full interest in Shell Nigeria Gas Group to indigenous energy firm Vaaris Energy Limited, marking its planned exit fr... Read More


Nigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrels

Nigeria, Oct. 13 -- Nigeria's average daily production of crude oil and condensate rose 2.34 per cent to 1.72 million barrels in September from 1.68 million barrels in the preceding month, the Nigeria... Read More


NNPC revenue plunges by N10.6trn in 2025

Nigeria, Oct. 5 -- NNPC Limited recorded a 23.4 per cent decline in group revenue to N34.52 trillion in 2025, from N45.08 trillion recorded in 2024, according to the company's 2025 audited financial r... Read More


G7 to release up to 100 million barrels of oil, diesel from reserves

Nigeria, Oct. 3 -- Leaders of the Group of Seven (G7) have announced plans to release up to 100 million barrels of oil from strategic reserves as global oil prices continue to surge amid the ongoing w... Read More


Oil theft has reduced, Tinubu says

Nigeria, Oct. 1 -- President Bola Tinubu says oil theft has declined in Nigeria, attributing the improvement, alongside growth in the oil and non-oil sectors, to the country's improved economic perfor... Read More


UPDATED: Tinubu pledges to lower food, transport costs through support for farmers

Nigeria, Oct. 1 -- President Bola Tinubu has pledged to reduce the cost of living in Nigeria by lowering agricultural production costs, improving food supply chains and expanding support for farmers, ... Read More


FG breaks ground on new National Control Centre to strengthen grid reliability

Nigeria, Sept. 30 -- The federal government has commenced construction of a new National Control Centre for the Nigerian Independent System Operator (NISO) in Osogbo, Osun State, to strengthen grid re... Read More