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Energy & Oil

OPEC Urges Nigeria to End Crude Exports, Focus on Domestic Refining and Value Creation

The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to shift away from exporting raw...

Energy & Oil

Nigeria and Africa Must Define Their Own Energy Transition Path, Says Petroleum Minister Ekperikpe Ekpo

Nigeria’s Minister of State for Petroleum Resources (Gas), Dr Ekperikpe Ekpo, has called for a regionally tailored approach to energy transition across Africa,...

Lagos electricity market
Energy & OilTop stories

States Take Charge: Power Regulators Prepare to Negotiate Fair Electricity Tariffs Amid Discos’ Resistance

Amid an intensifying debate over electricity pricing, commissioners overseeing energy in Nigeria’s 36 states have publicly expressed their willingness to engage with power...

Energy & Oil

Power Sector Records N700 Billion Revenue Surge in 2024 – Minister Adelabu

Nigeria’s power sector witnessed a remarkable financial turnaround in 2024, generating an additional N700 billion in revenue—a 70 percent increase compared to 2023....

Energy & Oil

Renewable Energy Association Decries Planned Solar Panel Import Ban

The Renewable Energy Association of Nigeria (REAN) has voiced strong opposition to the Federal Government’s plans to impose a ban on the importation...

International

U.S. Strategic Petroleum Reserve Refill to Cost $20 Billion, Face Multi-Year Hurdles, Officials Say

Refilling the U.S. Strategic Petroleum Reserve (SPR) to its maximum capacity, a priority for President Donald Trump, would require a $20 billion investment...