Nigeria’s plan to settle the N2.7 trillion debt owed to gas suppliers has raised questions among energy analysts and market observers. The federal government recently announced a bailout arrangement that …
POWER GENERATION
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BusinessEconomyEnergyGovernanceInfrastructurePower Sector
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BusinessEconomyEnergyEnvironmentOil & GasPower Sector
Nigeria Produces 1.37 Trillion scf of Gas in Six Months as Experts Warn on Policy Gaps
Nigeria produced about 1.37 trillion standard cubic feet (scf) of natural gas between January and June 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). …
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EconomyEnergyGovernanceInfrastructureNigeriaPolitics
Power Minister Reaffirms Tinubu’s Promise of Stable Electricity
The Minister of Power, Adebayo Adelabu, has again assured Nigerians that President Bola Ahmed Tinubu is determined to deliver steady and uninterrupted electricity supply across the country before the end …
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BusinessDevelopmentELECTRICITYEnergyEnvironmentInfrastructureNigeria
Off-Grid Power in Lagos Now Bigger Than Nigeria’s National Grid, Says AFC Report
A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
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BusinessEconomyELECTRICITYEnergyGOVERNMENTInfrastructureMarketsNigeria
NDPHC Cries Out Over N600bn Debt, Says Power Plants Struggling Despite 4,000MW Capacity
The Niger Delta Power Holding Company (NDPHC) has raised alarm that it is being owed nearly N600 billion by the Nigeria Bulk Electricity Trading Plc (NBET) and other bilateral power …
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EconomyEnergyGOVERNMENTInfrastructurePolicies
Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
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EconomyEnergyGOVERNMENTOil & GasPolicies
FG Slashes Gas Price for Power Companies as ₦4.7tn Debt Threatens Electricity Supply
The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
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AFRICA NEWSBusinessEconomyEnergyNigeria
Power generation on the national grid increases by 4,864MW in 48 hours
Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW at 6am on Wednesday. Data obtained from the Abuja headquarters …