Nigeria Joins IEA as Association Country, Birol Commends Tinubu, Ekpo
As an Association country, Nigeria will deepen collaboration with the IEA on a broad range of energy issues, including the agency’s expanding engagement across sub-Saharan Africa.
Energy & Oil
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Dangote Refinery attains 700,000 bpd processing capacity
Speaking on the development, Vice President of oil and gas at Dangote Industries Limited, Devakumar Edwin, said the refinery plans to expand its processing capacity to 1.4 million bpd within the next 30 months
TCN releases latest data on infrastructure coverages nationwide
TCN operates through 10 regional offices, 31 sub-regions and 10 work centres across the country, reflecting the scale of Nigeria’s transmission infrastructure.
Dangote to list 10% of refinery’s $50bn on NGX
Dangote plans to list about 10 percent of the refinery on the Nigerian Exchange Group in 2026, a move widely seen as part of efforts to unlock value and broaden the company’s investor base. To drive the offering, Dangote has appointed a consortium of financial advisers, including Stanbic IBTC Capital Limited, Vetiva Advisory Services Limited,…
Court Convicts ex-power minister for diversion of Mambilla and Zungeru Power Projects Money
• Saleh Mamman The Federal High Court sitting in Abuja on Thursday convicted a former Minister of Power, Mr Saleh Mamman, of 12 counts of fraud and money laundering, charges preferred against him by the Economic and Financial Crimes Commission (EFCC). Mamman, who served in the administration of former President Muhammadu Buhari, was found complicit…
Dangote unveils ambitious plan for 20,000MW power project
Aliko Dangote, the billionaire behind Africa’s largest industrial conglomerate, has set his sights on Nigeria’s epileptic power sector with a plan to generate 20,000 megawatts of electricity. Dangote’s entry into the sector follows a string of failed promises from the Nigerian government. Adebayo Adelabu, ex-Power Minister, has repeatedly missed deadlines to stabilise the grid at…
Enugu to generate electricity from Coal to guarantee unhindered supplies to industries — Mbah
Photo: A coal fired power plant in Hanchuan, Hubei province, China / Getty Images Enugu State Government is on the move to build a 660MW coal-fired power plant in the state. The project is a part of Governor Peter Mbah’s administration’s strategy to actualise its vision to grow the state’s economy from $4.4 billion to…
Again, NNPC onboard China’s Sanjiang and Xinganchen to Revive Govt ‘s Refineries
The Nigerian National Petroleum Company Limited (NNPC) has again signed a Memorandum of Understanding (MoU) with two Chinese companies to get the government’s refineries working, especially the Port Harcourt and Warri. The Chinese firms are: Sanjiang Chemical Company Limited, and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. The MoU to revamp the refineries…
Egypt raises natural gas prices for industries amid volatile energy prices
• A gas filing station / Reuters image Egypt has raised natural gas prices for several energy-intensive industries starting in May, according to a prime ministerial decree published on Sunday. Reuters reported that the government has already raised domestic fuel prices by up to 17% in March in response to soaring global energy costs, and…
World Bank’s Official in Trouble Over Nigeria’s Petroleum Import Licences Comment
The House of Representatives Committee on Petroleum Resources (Downstream) has called for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences. The Committee Chairman, Hon. (Barr.) Ikenga Ugochinyere Ikeagwuonu,described the recommendation as a reckless move capable of undermining…