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BY CHRISTIANA NWAOGU, Abuja, AND ABU NMODU, Minna Sunbeth Global Concept Limited has attracted subscriptions exceeding N220 billion for its N150 billion commercial paper offer, reflecting strong investor confidence in the company’s business and growth strategy. The offer exceeded its target by more than N70 billion, representing oversubscription of moreContinue Reading
KPMG Advisory Services has partnered with the Women in Energy Network (WIEN) to establish Nigeria’s first industry benchmark and standards for measuring diversity, equity and inclusion (DEI) across the oil, gas and power sectors, in a move aimed at accelerating women’s participation in the energy industry. The partnership is designedContinue Reading
The federal government has unveiled the National Development Plan 2026–2030, a five-year framework designed to drive Nigeria’s ambition of building a $1 trillion economy through job creation, increased productivity and shared prosperity. The Minister of State for Budget and Economic Planning, Dr Doris Nkiruka Uzoka-Anite, disclosed this while briefing StateContinue Reading
The Nigerian Independent System Operator (NISO) has said it is widening its role from running the national grid to coordinating a power industry that now includes state markets and private network owners. The managing director/chief executive officer of NISO, Engr. Abdu Bello Mohammed, made the disclosure in an addressContinue Reading
Nigerian manufacturers spent about N1.35 trillion on alternative power generation in 2025, up from N1.11 trillion in 2024, as high electricity tariffs and unreliable supply continue to raise industrial operating costs. The Manufacturers Association of Nigeria (MAN) disclosed this ahead of its 2026 Manufacturers Energy Security and Energy Efficiency Summit,Continue Reading
The Minister of Power, Joseph Tegbe, has outlined a roadmap to stabilize Nigeria’s electricity grid, expand transmission capacity and attract fresh investment into the sector. He spoke at the opening of the Nigeria Energy Leadership Summit 2026 at the Landmark Centre, Lagos, themed “Strengthening Power Delivery Through Execution, Coordination andContinue Reading
The United States has proposed easing federal methane emission requirements for oil and natural gas producers, with the Environmental Protection Agency (EPA) projecting that the changes could generate $45 billion in cumulative savings and support additional production between 2027 and 2050. The proposal would revise portions of methane regulations adoptedContinue Reading
The International Renewable Energy Agency (IRENA), has predicted that global renewable energy capacity additions are expected to decline in 2026 for the first time in five years as electricity transmission constraints and trade barriers slow development. The IRENA, highlighted a growing infrastructure challenge for the global power industry as oneContinue Reading
The Organization of Petroleum Exporting Countries and allies known as (OPEC+ ) oil producers are likely to retain their December production targets when seven core members meet Sunday, November 1. This is as the continued Middle Eastern supply disruptions and uncertainty over future production capacity complicate the group’s efforts toContinue Reading
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have supported access to essential services and sustainable livelihoods through more than 50 community development projects and programmes across the OML 17 host communities in Rivers State. The projects were delivered through the OML 17 Host Communities Development Trust (HCDT),Continue Reading
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