Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country, an analysis of official industry data.

Firms Blame Soaring Energy Cost for High Inflation The Central Bank of Nigeria has reported that the majority of Nigerian firms identify high energy costs, particularly fuel, diesel, and electricity, as the leading cause of inflation in the country. This was disclosed in its May 2025...

Tinubu Inaugurates 180MW Power Plant in Rivers State President Bola Tinubu on Wednesday inaugurated the 180MW Afam II Power Plant located in Oyigbo, Rivers State. The plant was completed by Africa’s largest private power business, Sahara Power Group, in partnership with Crescendough Nigeria Limited, reinforcing the...

Minister Lunches First LCNG Plant in North-East Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first Liquefied to Compressed Natural Gas hub in the North-East of Nigeria in Yola, Adamawa State. The minister, in a speech at the event on Tuesday, described the...

Blackout Looms in Abuja, 3 States as Electricity Workers Threaten Strike The electricity workers under the National Union of Electricity Employees (NUEE) and Senior Staff Association of Electricity and Allied Companies have declared their intention to embark on strike. The two unions who work for the...

Six Depots Slash Fuel Cost as Competition Heightens Six depot owners have reduced the prices of Premium Motor Spirit, PMS, also known as petrol as competition heightens in the downstream sector of Nigeria’s petroleum industry. The depot owners, which slashed their prices yesterday included Emadeb, First...