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Electricity Subsidy Hits N536bn in Q1

The Federal Government incurred a total of N536.4bn in electricity subsidy obligations in the first quarter of 2025 alone, amid its struggles to pay over N4tn debt owed to power generation companies.

NUPRC Rakes in N28bn from Oil Licensing Fees

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total sum of N28.11bn in miscellaneous oil revenue tied to licensing fees and renewals within the first five months of 2025.

How a Single Electricity Market Will Empower Africa’s People and Economies

For millions of Africans, the flick of a light switch is not a given, but a daily uncertainty.

World’s Largest Electricity Market Kicks Off as AU Launches Steering Committee to Drive Continental Integration

A newly launched African Single Electricity Market (AfSEM) High-Level Oversight Committee at the African Union Headquarters in Addis Ababa is set to lay the foundation for the world’s largest electricity market.

Why Dangote Refinery Slashed Ex-Depot Price by N40

Dangote Refinery's steady supply of petroleum products has attracted more independent marketers, swelling the ranks of distributors retailing its products nationwide.

World Bank Approves $65m Loan for Nigeria’s Procurement Reform

The World Bank has approved an additional $65m credit facility for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement project.