Energy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has formally launched its 2026 Licensing Round, offering 40 oil and gas blocks across land, shallow water and deepwater terrains to investors. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, announced the licensing round on Tuesday in Abuja at the NUPRC’s fifth anniversary ceremony,…

…as crude production hits five-year high NNPC Limited has reported a 33 per cent increase in profit after tax to ₦7.2 trillion in 2025, from ₦5.4 trillion recorded in 2024, despite a 24 per cent decline in revenue during the period. The company also declared a ₦5.8 trillion dividend, representing…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disowned a petrol tanker intercepted by the National Drug Law Enforcement Agency (NDLEA) in Ondo State with 2,145kg of cannabis concealed in a compartment of the vehicle. The company said the tanker, with registration number MKA 960 XC, is neither owned…

The Federal Government has inaugurated a nine-member inter-agency committee to coordinate the implementation of the Electricity Act, 2023, in a fresh move to fast-track the decentralisation of Nigeria’s electricity market and address regulatory and operational challenges arising from the ongoing power sector reforms. The committee, inaugurated on Wednesday at the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) have sign six strategic agreements with key partners, ranging from Memorandum of Understanding (MoU), Gas Supply Agreement (GSA), and other gas transportation deals, marking a significant milestone in Nigeria’s journey towards industrial revitalisation and enhanced energy security. The agreements, executed on the…

The Niger Delta Power Holding Company (NDPHC) has restored operations at the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, ending a shutdown that lasted since 2023 following gas supply and metering disputes. Managing Director and Chief Executive Officer of NDPHC, Engr. Jennifer Adighije, disclosed this during a meeting…

The Accountant-General of the Federation, Shamseldeen Ogunjimi, has reaffirmed the Federal Government’s commitment to the timely release of approved funds to the Nigeria Police Force to strengthen security operations and address insecurity nationwide. Dr. Ogunjimi gave the assurance during a courtesy visit by the Inspector-General of Police, Olatunji Rilwan Disu,…

The Nigerian Independent System Operator (NISO) said the sharp drop in electricity supply on Monday night was due to the sudden collapse of the Egbin Power Plant, which fell from 641 megawatts to zero output, triggering widespread load shedding and plunging Lagos and surrounding areas into deeper outages. NISO, in…

Troops of the Joint Task Force North-East, Operation HADIN KAI (OPHK), have intensified ongoing counter-terrorism operations across the region, neutralising four terrorists, arresting suspects and disrupting logistics supplies to insurgents during coordinated offensives under Operation Desert Sanity V. In a statement by the Media Information Officer Headquarters Joint Task Force…

Acting on real-time intelligence, the Nigerian Navy has intercepted and rescued three suspected stowaways attempting to illegally depart for Europe aboard merchant vessel MSC STELLA (IMO No. 9279988), barely five nautical miles off the Lagos coastline. The Navy, in a statement on Monday signed by the Director of Naval Information,…