Electricity Subsidy Bill Surges to N762bn   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in January. It rose to N194bn...

The Federal Government has said Nigeria is poised to secure more Final Investment Decisions (FIDs) in 2025.

FG Aims 2.7mbpd Crude Oil Production as OPEC Pledges to Monitor Quotas Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027. This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, according to...

Electricity Tariff: FG Denies Possible Increase, says Subsidy may Hit N2.4trn in 2025 Electricity consumers, especially about 30 percent of Nigerians, who live in urban centres will be subsidised to the tune of N2.4 trillion in 2025, although generation will remain epileptic. The subsidy, which hovers...

Brace Up for Fresh Electricity Tariff Hike, FG tells Nigerians The Federal Government says plans are ongoing to increase electricity tariffs “over the next few months”. It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special...

Nigeria's Energy Sector Secures $6.7bn Investment in 2024   Nigeria's energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024’ released...