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Energy
FG Approves ₦2.8 Trillion Subsidy Debt to Power Generation Companies
President Bola Ahmed Tinubu has approved ₦2.8 trillion as the Federal Government’s verified electricity subsidy debt owed to power generation companies (GenCos), following...
NNPC Grows Profit to ₦5.76trn, Records ₦60.5trn Revenue
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced 6.67% growth in Profit After Tax (PAT) in the 2025 financial year to...
Renaissance Africa Clinches Energy Deal of the Year Award for $2.4bn Shell Asset Acquisition
Renaissance Africa Energy Company was on Tuesday night named the winner of the Energy Deal of the Year for 2025 at the Awards...
NBS Reports Decline in Cooking Gas Prices
The National Bureau of Statistics (NBS) says the average cost of a 5kg cooking gas cylinder fell slightly in December 2025. In its...
Nigeria: Petrol price drops slightly to N1,048 per litre in Dec 2025
National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed a drop from N1,189.12 in December 2024...
NLNG unveils new logos for Nigeria Prizes
The Nigeria LNG Ltd. (NLNG) says it has unveiled new logos for The Nigeria Prizes as part of a strategic repositioning of the...
FG’s ₦501bn Power Sector Bond Marks Major Step in Clearing Electricity Debt
Federal Government’s ₦501 Billion Inaugural Tranche Under Power Sector Bond Programme Records 100% Subscription- Lagos, Nigeria The Federal Government of Nigeria has successfully...
National Grid Collapses Again, Recovery Ongoing
The National Grid on Tuesday recorded its second collapse in 2026. As of the time of filing this report, data showed zero megawatts...
