HomeNews

News

Nigeria Loses ₦8bn Monthly to Grid Inefficiencies – NISO

The Nigerian Independent System Operator (NISO) says the country’s power sector is losing between ₦5bn and ₦8bn monthly due to transmission inefficiencies.

DisCos Collect N204bn, Lose N131bn in January

Nigeria’s electricity distribution companies (DisCos) collected ₦204.74bn in January 2026, representing a 76.34% collection efficiency, but still recorded losses of over ₦131bn due to billing and collection gaps.

Pipeline Security Boosts Oil Output to 1.84mbpd, NNPC Reveals

The Nigerian National Petroleum Company Limited (NNPCL) says crude oil production has risen from a historic low of 960,000 barrels per day in 2022 to an average of 1.71mbpd, peaking at 1.84mbpd in 2025, thanks to intensified pipeline security in the Niger Delta.

World Bank’s Fuel Import Call Divides Stakeholders

The World Bank’s call for Nigeria to reopen fuel imports has sharply divided downstream stakeholders, with marketers backing full deregulation while experts warn against undermining local refining.

Dangote Refinery Cuts Fuel Price to N1,200/litre

Dangote Refinery has reversed its recent fuel price increase, slashing the ex-gantry price of Premium Motor Spirit (PMS) by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday.

Jet Fuel Recovery Will Take Months Despite Hormuz Reopening – IATA

The International Air Transport Association (IATA) has warned that global jet fuel supply may take months to recover even if the Strait of Hormuz reopens under the US‑Iran ceasefire agreement.